By Sean Fleming This article is part of the Pioneers of Change Summit World Bank data from 2017 and 2018 shows which countries invest heaviest in R&D.Some smaller countries are out-spending much larger economies in this area.R&D can help usher in a new, post-pandemic era of sustainable economic growth. Investment in research and
Tag: GDP
China’s Superpower Dreams Are Running Out of Money
When the coronavirus crisis is over, China will be forced to embrace a less ambitious future. By Salvatore Babones Seen from afar, China’s current all-fronts offensive gives the impression of a rising power on the march. China is simultaneously starting a border skirmish with India, militarizing the South China Sea, cracking down
Nigeria loses $6.1b to violence against children — FG
Godsgift Onyedinefu The Federal Government on Thursday said the economic cost of violence against children in Nigeria is estimated to be about $6.1 billion dollars, which is equivalent to about 1.07 percent of the country’s Gross Domestic Product (GDP). This was disclosed in an unprecedented report, launched jointly by the United
Again, IMF urges Nigeria to review tax policies
The International Monetary Fund, IMF, yesterday urged Nigeria to urgently review the country's tax policies by widening the tax base and increasing compliance on Value Added Tax, VAT. Speaking at a panel session on 'Leveraging Dom Amine Mati estic Resource Mobilisation for Sustainable Development,' at the 2018 Nigerian Economic Summit, NES,
IMF : Rising debt, political risk dim sub-Saharan Africa’s economic outlook
Nigeria, South Africa say they are out of recession
Two of Africa’s leading economies said Tuesday they have emerged from recession. South Africa and Nigeria released figures showing economic growth in the second quarter of this year. South Africa’s government said the gross domestic product grew by 2.5 percent in the quarter, helped by the agriculture, forestry and fishing sectors. The
DICON to emerge rallying point of African arms production- DA to India
Babatunde Opalana The Nigerian Defence Attaché to India, Commodore Olusegun Ferreira has said that the Defence Industries Corporation of Nigeria (DICON) has a bright future judging from the current efforts of the management team to reposition the Corporation to a greater height. Ferreira in statement by the DICON'S Public Relations Officer, Maj.
Op-ed: The Party Is Over
By Sufuyan Ojeifo This piece shares title with a 1960 Argentine drama film directed by Leopoldo Torre Nilsson, which depicts the political corruption in Argentina in the 1930s, a period referred to as the “Infamous Decade”. The decade, which began in 1930 with the coup against President Hipolito Yrigoyen by Jose
Why Germany’s current-account surplus is bad for the world economy
THE battle-lines are drawn. When the world’s big trading nations convene this week at a G20 summit in Hamburg, the stage is set for a clash between a protectionist America and a free-trading Germany. President Donald Trump has already pulled out of one trade pact, the Trans-Pacific Partnership, and demanded the
Once more into the breach: Does foreign aid work?
The Trump administration’s proposals to drastically cut foreign aid have once again sparked debates about aid effectiveness. Right on cue, some commentators have fallen back on the old and tired claim that there is no evidence that aid works. Perhaps the most forceful (and egregious) of these statements came from