‘Remittance inflow to Nigeria declined by 28% in 2020’

world bank to support oil demand decline

The World Bank has said that remittance inflow to Nigeria declined by 28 per cent in 2020 due to the COVID-19 pandemic. The bank added that remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its Migration and Development Brief 33 Phase 11 entitled: “COVID-19 Crisis Through a Migration Lens’’ published on Thursday. The report said the decline in remittance inflow to Nigeria was largely responsible for the fall in remittance flows to sub-Saharan Africa. “The decline in flows to sub-Saharan Africa was almost entirely due to…

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Plastic waste: Dow partners on feasibility study

Nigerian woman collecting plastic waste

Dow and Empower, a Norwegian circular platform company that uses blockchain technology to track plastic waste, have announced a new study as part of an ongoing partnership that will examine the feasibility of advancing fully circular value chains in Nigeria. The study, which will be partly funded by the Norwegian Agency for DevelopmentCooperation (NORAD), will focus on the implementation of a scalable digital waste collection and recycling business model in Lagos, Nigeria. The findings will inform the long-term ambition of the partnership, which is to digitize local collection points, recyclers…

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What is sustainable development

What is sustainable development image

Whatever you do these days, you can’t run away from practising sustainable development directly or indirectly. Despite the rise in the usage and popularity of this term, many people don’t know what is sustainable development. The main reason for this is because academics and policymakers are the ones who frequently use the term. And, the divergence in its usage cut across many fields, which makes its definition difficult. Still, a number of businesspeople and individuals don’t really get the meaning of this term. This really brings us to the objectives…

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