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Nigeria boasts of 34 million hectares of arable land area, with about 6.5 million hectares for permanent crops. Little wonder, Agriculture serves as the country’s main driver of the economy after oil. But despite the goodies in the sector, the country imported wheat worth N2.2 trillion in the last four years.
Creative industry, Nigeria second largest employer of labour – Report The Punch
Published 12 May 2021
Jobberman, a leading online career portal in Nigeria, in partnership with Mastercard Foundation, has released a report on Nigeria’s creative industry.
According to the report, the creative industry is positioned as the country’s second-largest employer and has the potential to produce 2.7 million jobs by 2025. Additionally, it is set to contribute N5tn to the country’s GDP.
The report said after agriculture, the creative sector was the second largest employer of labour in Nigeria. The sector currently employs 4.2 million people, it said.
Publishing contributes an estimate of N29.8bn to the nation. Motion picture, sound recording and music contributes N1.2tn; broadcasting contributes N1.7tn; arts, entertainment and recreation, N239.4bn while textile contributes a total of N1.41tn.
How to bounce back from COVID-19 Disrupted Schooling: A Guide for School Owners (2)
Published 10 May 2021
There is no debate that the education sector was the most prominent victim of the COVID-19 pandemic globally. The shutting down of schools to save children from the rapid spread of the lethal virus had far reaching economic and educational implications for schools, especially in Nigeria.
With the private sector controlling about 43% of Nigerian schools’ ownership (Federal Ministry of Education, 2019), the economic effect bites beyond the walls of the schools to the communities.
According to Global Schools Forum’s report by Teachout and Zipfe, on the sub-Sahara education sector, 50% of teachers working in private schools suffered a 50% dip in salaries pay-out in 2020. Similarly, a survey by Education International revealed that, among 93 Teacher Union from 67 countries, nearly two-thirds reported that education workers in private institutions had been significantly affecte
Inflation PHOTO: Shutterstock The Coronavirus (COVID-19) pandemic so far has negatively affected the global economy and more severely developing nations of Africa particularly Nigeria. The COVID-19 has been devastating in terms of the impact on Nigeria’s economy, businesses, and households and still not looking abated. We have seen a troubling trend in the country in recent times, with, businesses and activities today facing increasing levels of competitive pressure and difficulties, coupled with persistent insecurity, and inflationary pressure where high price increases have continued in transportation, food cost, household needs, raw materials, pharmaceutical products, motor cars, vehicle spare parts, equipment, and in prices of services amongst others. The cost and price of virtually everything are much higher today, and it is because of inflation. Inflation is not only a serious problem but also it has a disturbing effect on the economic life, political system, and society a