BossuTv Logo
trending_flat
Lessons from Poland’s Industrial Agenda for Nigeria’s $1 Trillion Economy Goal

Poland’s economic rise—from post-communist instability in 1989 to the world’s 20th largest, $1 trillion economy—offers valuable lessons for Nigeria’s development aspirations. Despite an initial period of recession, unemployment, and inequality, Poland pursued rapid market reforms, increased transparency, and focused on local resources and innovation. Key drivers included: Strong investment in technology and private sector-led industrial growth Policy reforms supporting local content, manufacturing, and energy independence Gradual integration with major world economies, including the EU and NATO Emphasis on solving domestic problems, decarbonising power, and building human capital Poland’s energy transformation blends coal, gas, and renewables—offering Nigeria ideas for maximising its gas and coal reserves, improving electricity, and attracting foreign investment. The partnership potential is highlighted by ongoing Polish-Nigerian economic cooperation, especially in energy and trade. Major Polish companies and public-private initiatives in logistics, alternative fuels, and industrial technology demonstrate the […]

trending_flat
Nigeria Urged to Strengthen Copyright Protection for Performers

Prof. Dorcas Odunaike, a specialist in commercial and intellectual property law at Babcock University, has called on lawmakers to improve the 2022 Copyright Act to better protect the rights of performers. She made these remarks during Babcock University’s 56th inaugural lecture in Ilishan-Remo, emphasizing the growing challenges from technology, digital piracy, and new forms of digital manipulation, such as deep fakes. Prof. Odunaike explained that if the Copyright Act is updated and properly implemented, it could bring better financial rewards to performers and boost Nigeria’s creative economy. She noted challenges that performers face include tracking the use of their work, dealing with piracy and bootlegging, and threats from digital platforms. Nigeria’s creative industry currently makes up about 2% of the country’s GDP and employs around 4.2 million people in areas like Nollywood, music, fashion, and digital media. However, the rapid […]

trending_flat
 Nigeria’s Economy Grows But Poverty Still Rising – Report

A new economic report reveals a difficult reality for Nigeria: while the national economy is showing signs of recovery, the number of people living in poverty continues to increase. The report by Quartus Economics states that Nigeria's economy began to stabilize and grow in 2024. It credits this improvement to the "bold but necessary" reforms implemented by President Bola Tinubu in 2023, primarily the removal of the costly fuel subsidy. However, this economic growth has not yet translated into better living conditions for many citizens. The report highlights that the damage from the previous decade (2014-2023) was severe. During that time, the economy shrank significantly in dollar terms while the population grew by over 40 million people. This combination of a smaller economy and a larger population pushed an additional 65 million Nigerians below the poverty line. The report concludes […]

trending_flat
IMF Projects Ghana’s Debt to GDP Ratio Will Reach 83% by end of 2024

The International Monetary Fund (IMF) has projected that Ghana's debt-to-GDP ratio will climb to 83% by the end of 2024, as detailed in its October 2024 fiscal monitor report during the ongoing IMF annual meetings in Washington, D.C. Currently, Ghana's debt stock exceeds GHS 760 million, equating to approximately 75% of GDP.Despite this increase, the IMF forecasts a steady decline in the debt-to-GDP ratio over the next five years, predicting it will drop to 69.7% by 2029. This optimistic outlook is based on anticipated improvements in Ghana's fiscal indicators.In addition to the debt projections, the IMF has maintained its economic growth forecast for Ghana at 3.1% for 2024, which aligns with the government’s end-year target. IMF Chief Economist Pierre-Olivier Gourinchas emphasized the importance of a “triple pivot” strategy—comprising easing monetary policy, rebuilding fiscal reserves, and implementing structural reforms—to ensure sustainable […]

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation