Natural disasters, the economic stability commodity price fluctuations, financial crises and global and growth trajectories of economic downturns are among the numerous factors that Nigeria and Ghana over the have significantly impacted the economic stability and growth trajectories of Nigeria and Ghana over the period period 2000–2020” 2000–2020.2 Both countries are vital economic players in 1 Ai. [...] Agriculture was the mainstay of the economy before the discovery of crude oil, but today the oil sector accounts for 80% of government revenue, 90% of total exports and 95% of foreign exchange earnings.11 Nonetheless, the services sector is the biggest contributor to Nigeria’s GDP, accounting for 57% of GDP in the first quarter of 2023 compared to the agricultural sector’s 22% and the industry sec. [...] These measures include the adoption of the Treasury Single Account for better control of government and tracking of revenues and expenditures, the implementation of the Integrated Payroll and Personnel Information System to reduce the prevalence of ghost employees and wasteful salary payments,67 and the removal of fuel subsidies to free up fiscal space. [...] He holds a PhD in Economics from the University of Portsmouth in the UK, a Master of Science in Economics from the University of Kent in the UK and a Bachelor of Science in Economics from the University of Nigeria Nsukka. [...] The policy-oriented research carried out by the Centre, including the articulation of policy choices, tradeoffs and implications, is put forward to the general public and decision-makers to stimulate rigorous debates on the effects of government policies on economic growth and development in Nigeria and Africa.
- Pages
- 36
- Published in
- South Africa
