Nigeria has a major unemployment challenge as unemployment rate rose steeply from 3.6% in 2006 to 23.1% in 2018. Nigeria's population is expanding at 3.2% per annum. Data from the NBS show that an average of 4.8 million Nigerians entered into the labour market from 2015 to 2018, while the...
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When prices increase faster than income, the purchasing power of individuals becomes eroded. This has been the case of Nigeria for several decades. The Consumer Price Index (CPI), which is simply an accumulation of prices has shown an astronomical increase over the years. Between January 2009 and August 2019, the...
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GDP per capita is a major indicator used in measuring progress of a country overtime. No doubt, Nigeria has experienced remarkable growth in GDP per capita over the years but how does this growth compare with that of Brazil, China and Indonesia? Here, we explore GDP per capita of the...
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