Nigeria’s ambition to become a global industrial powerhouse is being crippled by a severe shortage of skilled labor. Despite having one of Africa’s largest economies, the country’s industrial sector is struggling to achieve sustainable growth due to a widening skills gap. From manufacturing and oil and gas to technology and construction, industries are unable to
The 2025 Federal Budget has set a bold agenda for Nigeria’s automotive sector, earmarking significant investments and incentives to bolster local manufacturing and innovation. Government officials highlighted that the budget prioritizes the development of domestic production capabilities, aiming to reduce the country’s reliance on imported vehicles while enhancing overall economic resilience. Key measures outlined in
Nigeria, with its vast energy needs and growing population, is increasingly turning to renewable energy as a solution to its chronic energy shortages and environmental challenges. As the largest economy in Africa, Nigeria has an opportunity to harness renewable energy technologies, such as solar, wind, and hydro power, to meet its energy demands while driving
Nigeria, Africa’s most populous nation, is currently at a crossroads. With a population exceeding 200 million people, a rapidly growing economy, and a myriad of challenges ranging from inadequate infrastructure to environmental degradation, the country is faced with the urgent need to foster sustainable development. Among the most pressing issues is Nigeria’s energy sector. For
Nigeria, blessed with abundant natural resources, is on the brink of an energy revolution that could transform its economy. With a growing population, increasing industrial demand, and chronic energy shortages, the need for sustainable and reliable power has never been more urgent. Solar power, which is abundant in the country, holds the key to unlocking
UK unemployment claims for January have missed expectations, sparking concerns about the nation’s labor market recovery. Despite analysts predicting a decrease in unemployment, the latest data revealed an unexpected uptick in the number of people seeking jobless benefits. This divergence from forecasts has raised questions about the strength of the UK’s economic rebound, particularly as
New Zealand is set to introduce a revamped investor visa program in April, signaling a major shift in the country’s strategy to attract foreign capital and stimulate economic growth. This move comes in response to the underwhelming performance of the Active Investor Plus visa, which was introduced in 2022 but failed to generate substantial investment.
Canada’s labor market defied expectations in January as the economy added more jobs than anticipated, reinforcing signs of resilience despite high interest rates and inflationary pressures. The latest employment data revealed strong hiring across multiple sectors, leading to an unexpected dip in the unemployment rate. This surge in job creation provided a boost to investor