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AssessmentsMar 16, 2020 | 13:46 GMT
A photo of a security official administers hand sanitizer in Lagos, Nigeria, on Feb. 28, 2020. The city's 20 million residents scrambled for hygiene products following the announcement of the first confirmed coronavirus case in sub-Saharan Africa.
Coronavirus Is Coming for Nigeria -- and Its Economy
As the coronavirus pandemic seeps into more corners of the world, sub-Saharan Africa has so far come out relatively unscathed. But there are signs the virus is now starting to make its way across the vast region -- and as it does, Africa's most populous country and largest economy, Nigeria, could face some of the sharpest losses. Like most of its African peers, Nigeria has an extremely vulnerable and overtaxed health care system that could buckle under the weight of an outbreak. But even if Nigeria somehow evades a wider contagion, the growing number of coronavirus cases elsewhere in the world will still risk tipping the country into crisis by slashing demand for its vital oil exports.
Partner PerspectivesMay 14, 2019 | 05:30 GMT
Workers clear land for cassava planting near the village of K-Dere near Bodo, part of the Niger Delta region in Nigeria.
Agriculture as an Important Factor in Nigeria-China Relations
By Efem Nkam Ubi for Financial Nigeria At the early stages of political independence, many countries in Africa were major exporters of agricultural products. With particular reference to Nigeria, agriculture was the main source of revenue before the discovery of oil in 1956 and two years later when Nigeria became an oil producer. Ever since, Nigeria has witnessed a continuous decline of the agricultural sector. But the importance of the sector is seen in the efforts by different administrations to implement various policies and programs aimed at increasing the productivity of the sector, albeit without much success. Agriculture has also been the favorite sector to drive the economic diversification agenda of various administrations. Many of the initiatives failed for different reasons, including a lack of commitment and corruption. Noting the important role agriculture could play in a nation's growth, the government of President Goodluck Jonathan launched the Agricultural Transformation Agenda (ATA), whose aim
SITUATION REPORTJul 31, 2017 | 15:15 GMT
Philippines: ASEAN, China Expected To Approve Framework For South China Sea Code Of Conduct
Foreign ministers of the Association of Southeast Asia Nations (ASEAN) and China are expected to endorse the framework for a code of conduct governing the South China Sea at a ministerial meeting later this week, ABS-CBN News reported July 31.
Partner PerspectivesMay 15, 2017 | 13:26 GMT
What Are the Implications of the Delayed Budget?
On Friday 5th of May, Nigeria’s 2016 budget expired, meaning the country is now without a valid Federal budget. This is the second year in a row that Nigeria’s budget is being delayed. What is different in this case however is the deafening silence, compared to last year when the issue was at least being discussed.
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