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These countries spend the most on research and development

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

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,

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

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

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

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