The Informal sector is an economic activity that is neither taxed nor monitored by a government; and is not included in that government’s Gross National Product (GNP); as opposed to a formal economy. It refers to very small-scale units producing and distributing goods and services, and consisting largely independent, self employed producers in urban areas of developing countries.
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The above title may seem out of place in the wake of the launch of “Nigeria’s Industrial Revolution Plan” by President Goodluck Jonathan in February this year. The NIRP is clearly a recognition of the embarrassingly modest contribution of manufacturing (less than seven per cent) to our Gross Domestic Product.
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Developments in the banking industry with respect to labour practices suggest that banks are abusing Nigerian labour law through a scheme of staff outsourcing.
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The easiest time to prevent a divorce or an unhappy marriage is before marriage, not after. There is no gainsaying that love can have such a drunken effect on the about-to-wed that clear danger signal...
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Antonio kept his eyes on Misan, watching her like a cat would watch its prey. He would wait until she finished eating before going over. He opened his book and began to read, keeping an eye on her. Some few minutes after, he looked in her direction and saw Misan and her friend walking toward the door.
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The only thing that is constant in life is change. Without people thinking about it on daily basis, the world will stand still and economy will be in retrogressive progression. What leads to economic and social development of any nation is not about the land mass, population or climate condition.
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The unemployment rate in Nigeria is not by any way on the downward trend soon. It has been on a progressive increase for the past few decades, but has worsened with the number of graduates churned out annually by the universities and other higher degree awarding institutions. Students who ended their education at the post-primary level are also contributing to the swelling of the number of the jobless youths in Nigeria.
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A drama of the absurd is playing out in our country. At the centre of it is a supposed case of “two half-filled cans of Sprite.” The dramatis personae in this bizarre drama would want Nigerians to believe that two-half-filled cans of Sprite are responsible for the millions of Naira so far spent on press conferences, media coverage and the hiring of prosecution lawyers.
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Not having visited the North for over 7 years, I shuddered when the troublesome, yet deeply intelligent Segun Dada who had come late to the Abia Tour, connected with us at the State Dialysis Centre an...
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As a writer and a student of business literature, any time I come across a Nigerian entrepreneur sharing his thoughts and life experiences in the form of a book which others can read and be inspired by, I feel so fulfilled.
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Global development is entering a phase where entrepreneurship will increasingly play a more important role. An analysis of sources of economic growth by the World Bank (2013) finds that the biggest differences between developed and developing economies are in innovation performances.
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The race for the Deputy Secretary General of the ITU was seen as a straight fight between the United Kingdom and Canada. Poland also featured a lady flaunting some intimidating credentials.
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