By: Fred Olayele
It is probably stale news that Africa is now one of the world’s fastest-growing regions with increasing political and socio-economic stability, and a huge, largely untapped economic potential. What is news, I guess, is the fact that Nigeria is now a “MINT” country. More on the MINT status later.
About 500 years ago, the GDP of China and India, combined, accounted for roughly 50 per cent of global GDP, while North America and Western Europe together contributed just 20 per cent. Of course, the industrial revolution soon changed all of that; by the 1950s, North America and Western Europe now had a productive capacity that enabled them account for half of global output. China and India, together, could only contribute a meagre 8 per cent, while their other neighbour, Japan, was even in a better shape. To cut a long story short, the advanced economies were fully in charge again by 1980.
By: Thomas Hugo
Nigeria’s national statistical agency, the National Bureau of Statistics (NBS), came into being with the merger of the Federal Office of Statistics and the National Data Bank. The creation was part of the implementation of the Statistical Master Plan, a program document of the Federal Government of Nigeria. Among other things, the merger was implemented to give NBS a national outlook as the apex statistical agency for all the three tiers of government.
The NCF Policy Series offers a platform to engage in conversations about Nigeria-Canada relations, specifically those relating to the economy, public policy and business advocacy. We publish opinion pieces, long or short, from thought leaders, captains of industry, academics and industry experts on breaking news stories and ongoing topical issues. If this is something you are interested in, then we are prepared to give you a platform for your ideas – on a one-off basis, or more regularly.
Please note that your submission must be less than 1,500 words and fit under one of our three themes: Economy, Public Policy and Business Advocacy. If you have a contribution that does not seem to fit perfectly under any of these, kindly send it anyway and make your case; our editor will evaluate it and get back to you. To be published originally under NCF’s Policy Series, all submissions must be unique.