Quotas
Minister: Nigerian government worried about rising unemployment rate
Minister of Interior, Ogbeni Rauf Aregbesola, has said the federal government is worried over the rising unemployment rate in the country. Speaking at the 2nd Shakeholders’ Meeting on Expatriate Quota Administration organized by the Citizenship and Business Department of the Ministry of Interior, the Minister said: “Anyone that is not worried about the unemployment rate in the country is not a patriot.” He lamented that the unemployment rate of 33 per cent released by the National Bureau of Statistics was indeed worrisome and a wake up call that something urgently needed to be done to keep Nigerians employed and drastically reduce the unemployment rate. The Minister, who called on all stakeholders at the meeting to ensure quality inputs were brought to the table that will lead to the produ...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery would likely be subdued unless policy makers moved decisively to tame the pandemic and implement investment-enhancing reforms. The bank also said that growth in Sub-Saharan Africa was forecast to rebound moderately to 2.7 per cent in 2021, while Nigeria’s growth was expected to resume at 1.1 per cent. For the region, it said that while the recovery in private consumption and investment was forecast to be slower than previously envisioned, export growth was expe...
FIFA increases Africa’s women’s world cup slot to 6
FIFA has increased Africa’s slots at the 2023 FIFA Women’s World Cup to be held in Australia and New Zealand from three to six. The decision was one of the major decisions the Bureau of FIFA Council took on Thursday, December 24, when it met to discuss the fate of upcoming FIFA competitions. Africa in time past had three direct slots, which were given to the top three performing teams at the Africa Women’s Championship. The new decision, which is due to the expansion of the competing teams from 24 to 32 teams, will mean that Africa will have four direct slots and two others fighting in play-offs. The two host countries, Australia and New Zealand, will automatically qualify for the 2023 World Cup and their slots have been taken directly from the quotas allocated to their confederations, nam...
