Before COVID-19 struck human capital witnessed rapid growth globally. Due to the effect of the ravaging pandemic on human capital, the World Bank has noted that 80 million children likely be unable to get vaccinated, while 26 million women might lose access to contraception and there will be a massive increase in birth rate, as over 8 million children will be born. Human Capital Project is a global effort initiated to enhance more investment in people to bring about greater equity and economic growth. With the COVID-19 pandemic, it is more important for countries to invest in Human Capital Project.…
Author: Adebimpe A.
The International Monetary Fund have revealed that financial stability risk around the globe have been contained by massive monetary and fiscal support. The timely policy response has helped avert financial break down and maintenaned the flow of money in the economy. Despite this the rate of poverty is rising. Poverty rate have increased in businesses as firms are coping with more debt shortage of cash. As the crisis continues debts in corporate sectors may prove unsolvable particularly if the recovery is delayed. Small and medium enterprises are more prone to increased debt than big enterprises who have access to capital…
The Federal Ministry Of Health, Nigeria has given further non-pharmaceutical advise on how to reduce the risk of contacting chronic diseases. The ministry has today identified healthy eating as a vital role in preventing chronic diseases like COVID-19. In its advice the Federal Ministry Of Health urged people to increase their intake of fruits and vegetables more than ever and reduce the intake of salt and sugar. The ministry also recommended drinking water in large quantity at every meal. The Federal Ministry Of Health further stressed that these measures increases someone’s immunity against chronic diseases.
The World Bank latest estimates shows the need for reduction in global poverty, which has been the trend in the last few years.This trend is maintained by the Sub-Saharan Africa’ slower pace of poverty reduction compared to other regions. The 2020 report on ‘Poverty and Shared Prosperity’ reveals that extreme poverty might be predominant in Africa by the next decade. Even though the number of people living in poverty has reduced in East Africa, the Pacific, and South Asia, there has been no reduction in Sub-Saharan Africa. The increase in the number of extremely poor in Sub-Saharan Africa made the…
A Deputy Director General of the World Trade Organization, Yi Xiaozhun has commended the partnership between the World Trade Organization and the World Custom Organization in effecting the custom valuation agreement. According to Yi Xiaozhun the custom valuation process have been neutral and uniform over years which have helped in maintaining flexible flow of international trade and accessibility of market. Deputy Director General Yi Xiaozhun thanked the World Custom Organization, for it’s proper custodian of the committee which has ensured uniformity in the interpretation and application of the WTO ‘ customs valuation agreement right from inception. He however stressed the…
The Central Bank of Nigeria has reiterate it’s support for the textile and garment industry. CBN have kicked start it’s intervention in reviving textile business in Nigeria. The motive of the initiative is to resuscitate the sector and bring back the glory days of the textile industry. CBN According to the CBN, the intervention will create more jobs and diversify the Nation’ economy thereby bring about self sufficiency in cotton production. The CBN further noted that over 300,000 metric tons of cotton seed output is expected this year. Also the production capacity of ginneries is expected to be over 102,000…
The Federal Ministry of Health have announced the establishment of sample collection centers in Rivers state in a bid to combat the coronavirus. In a post the ministry, have urged persons who are experiencing COVID-19 symptoms to visit the collection center nearest to them. The collection centers includes General Hospital Eleme, which operating hours is 8 a.m to 4 p.m daily, University of Portharcourt Teaching hospital, from 8 a.m to 4pm. Am the list is Indorama Petrochemicals treatment center, from 8 a.m to 4 p.m daily. Shell petroleum treatment center from 10 a.m to 4 p.m daily and Yakubu Gown…
The Federal Ministry of Health, Nigeria given further non pharmaceutical measures in tackling COVID-19. The ministry in a post have urged people to always wear their face mask when going to public places. As not only does it serve as a barrier, it limits the spread of respiratory droplets which is capable of causing spread of the virus if the droplets comes from an already infected person. People have therefore been advised to always wear their face mask and to wash their reusable face mask at the end of each day. The Federal Ministry of Health, thereby urged people to…
The Nigerian Stock Exchange has today released a performance report on the weekly top 10 brokers by volume and top 10 top brokers value. According to the NSE, Apel Assets led with 673,703,084 shares which is 17.23% in volume, and Cardinalstone followed with shares of 323,334,711 and 8.27% in volume. Stanbic Ibtc followed suit with a total of 280,719,364 shares and 7.18% in volume, while Hermes came fourth with a total shares of 236, 583,516 and 6.05% in volume. Rencap Securities have 190,048,295 shares which is 4.86% in volume. APT has a total of 137, 597,746 shares and 3.52% in…
The World Health Organization has today released a list of diseases which can be preventing by getting vaccinated. These diseases include Ebola, Cervical cancer, Hepatitis B, Typhoid, Tetanus, Meningitis, Measles, Dipheteria, among others. According to WHO without vaccines people risk serious illness and disability from disease. In the modern day world, where the globe is interconnected infectious diseases easily cross borders and usually infect persons who are not vaccinated and vaccines are a safe and clever way to keep us healthy. The main reason to get vaccinated is to protect ourselves and people around us. WHO however stated that not…