Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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December 11, 2013
China
Is Nigeria Africa’s Largest Economy?
Stephen Hayes, president of the Washington-based Corporate Council on Africa, has written a thoughtful column on Nigeria’s widely anticipated announcement that it has overtaken South Africa as Africa…
February 19, 2014
Sub-Saharan Africa
Ngozi Okonjo-Iweala on “Reforming Nigeria”
Stuart Reid published in the current issue of Foreign Affairs a fascinating interview with Nigeria Finance Minister Ngozi Okonjo-Iweala. The finance minister was educated at Harvard and MIT and is a …
April 7, 2014
China
Nigeria is Officially “Africa’s Largest Economy”
On April 6, Nigeria’s National Bureau of Statistics announced that after “rebasing,” Nigeria’s Gross Domestic Product (GDP) almost doubled to U.S. $509.9 billion. That figure is dramatically larger t…
January 25, 2018
Nigeria
Nigeria’s Formal Economy Looking Up
Hostages to fortune are international oil prices, which are largely determined by forces over which Nigeria has little control. While Nigeria ostensibly has more control over security in the oil patch, there is an ongoing, low-level insurgency that has been in effect for years.
April 19, 2018
Nigeria
Unemployment and Begging Across Nigeria
The World Bank, using International Labour Organization (ILO) data, estimated that the unemployment rate is 5.5 percent, but this likely varies dramatically within the country.
