Tag: economy
How does census affect the economy?
What is a census? Census is a count of a population within a country, conducted at regular intervals. It is a comprehensive survey that aims to collect demographic information such as age, sex, race, and ethnicity, as well as other socioeconomic data such as occupation, education, and income. A census is a crucial tool for …
South Africa vs Nigeria: Economy comparison
With a combined economy of over 800 billion US Dollars, South Africa and Nigeria are two of Africa’s largest economies. Both countries have seen significant economic and social changes in recent decades, but they also face a number of challenges in terms of promoting long-term economic growth and reducing poverty and inequality. We will compare …
Sub-Saharan Africa: Countries, population and economy
Sub-Saharan Africa is argued to be the poorest part of the world in terms of demographics. The region consists of all nations that are located south of the Sahara desert, which typically includes all African nations, excluding countries in North Africa. There are over one billion people living in Sub-Saharan Africa, with over 65% of …
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Nigerian Economy: Growth and key sectors
Nigeria consists of 36 states all packed in six geopolitical zones including, the southwest, the southeast, the south-south, the northeast, the northwest and the north-central regions. The country is the world’s sixth most populated country and Africa’s most populated with over 250 tribes residing in it alone. Nigeria is the continent’s largest economy and has …
4 money tips to thrive in the gig economy
Currently, millions of people are working as freelancers across the globe, and the one thing they’re always scouting for are gigs. If you’ve never heard of the phrase gig economy, you might’ve heard of the term gigs. It’s mostly associated with side hustles or as-needed basis jobs and is usually short-termed. With the gig economy …
These 7 cities control 80% of the Nigerian Economy
Nigeria is a country made up of over 200 million people, 36 states and a capital territory. Lately, the country has attracted the attention of the world for some of the most infamous reasons from poverty, to a growing number of out-of-school children, and terrorism, to mention a few. Nonetheless, despite the many pitfalls faced …
Mixed economy: meaning, features, examples and more
What is a mixed economy? A mixed economy is an economic system that incorporates features of both capitalism and socialism. In a mixed economy, the government intervenes in certain sectors of the economy, while leaving others to operate under the free market. This article aims to explain the meaning of a mixed economy and its …
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Nigerian economy under Tinubu: what to expect
Bola Ahmed Tinubu was born on March 29, 1952, in Lagos, Nigeria. He attended St. John’s Primary School, Aroloya, Lagos, and Children’s Home School in Ibadan, Oyo State, Nigeria. Tinubu later moved to the United States, where he earned a Bachelor’s and a Master’s Degree in Business Administration from Chicago State University. After completing his …