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Developing economies including Nigeria continue to pay interest rates three to four times higher than advanced countries, a disparity driven by weak revenue structures and risk assessment methodologies that ignore long-term economic potential, the Director of the Intergovernmental Group of 24 (G-24), Dr. Iyabo Masha, has said. Masha made the disclosure on Friday during…
A joint working paper by the International Labour Organisation (ILO) and the World Bank has cautioned that generative artificial intelligence (GenAI) will fundamentally alter labour markets across the world, with the most vulnerable economies standing to lose the most if deliberate policy action is not taken. The study, prepared as a background paper for…
The World Bank has projected that Nigeria and other developing economies may face a jobs deficit of approximately 800 million positions over the next decade and a half, as rapidly expanding youth populations outpace the creation of formal employment opportunities in a trend the institution describes as a looming national security threat. In an analysis…
