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Why the side-hustle is key to Nigeria's economy

Nkem Ifejika meets with Nigerian entrepreneurs who show how the nation's economy is finding lubricants other than oil.

Via Seth Dixon
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Rowena Spence Cortina's curator insight, March 10, 2015 10:37 AM
Seth Dixon's insight:

The shadow economy, the black market or the side-hustle; these are all names for the informal sector of the economy.  In many countries such as Nigeria, this is a way of making money outside their normal jobs to boost their income and try to rise above just getting by.  "It was my grandmother who taught my mum that if you were lucky enough to have a salaried job, that was just pocket money. The real money came from your five to nine."  If working 9-to-5 represents the formal economy, this BBC podcast (and accompanying article) are all about the 5-to-9 economy

Courtney Barrowman's curator insight, March 14, 2015 9:11 AM

unit 6

BrianCaldwell7's curator insight, April 5, 8:12 AM

The shadow economy, the black market or the side-hustle; these are all names for the informal sector of the economy.  In many countries such as Nigeria, this is a way of making money outside their normal jobs to boost their income and try to rise above just getting by.  "It was my grandmother who taught my mum that if you were lucky enough to have a salaried job, that was just pocket money. The real money came from your five to nine."  If working 9-to-5 represents the formal economy, this BBC podcast (and accompanying article) are all about the 5-to-9 economy. 


Tags: economic, labor, Nigeria, podcast, 

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Nigerian Pathways - Towards Stability, Security, and Democratic Development - AllAfrica.com

Nigerian Pathways - Towards Stability, Security, and Democratic Development - AllAfrica.com | NGOs in Human Rights, Peace and Development | Scoop.it
Nigerian Pathways - Towards Stability, Security, and Democratic Development
AllAfrica.com
3 See John N. Paden, Muslim Civic Cultures and Conflict Resolution: The Challenge of Democratic Federalism in Nigeria (Brookings, 2005).

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Why are the MINTcountries special?

Why are the MINTcountries special? | NGOs in Human Rights, Peace and Development | Scoop.it

"In 2001 the world began talking about the Bric countries - Brazil, Russia, India and China - as potential powerhouses of the world economy. The term was coined by economist Jim O'Neill, who has now identified the 'MINT' countries - Mexico, Indonesia, Nigeria and Turkey - as emerging economic giants. Here he explains why."


Tags: Mexico, Indonesia, Nigeria, Turkey, economic, development.


Via Seth Dixon
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Edelin Espino's curator insight, December 13, 2014 2:45 PM

The next generation will come with more country's developments and those could be the MINT countries which are, Mexico, Indonesia, Nigeria and Turkey, their economy are increasing and are far more bigger than what it was in the 2003. That would be awesome to see all those countries with a developed economy. That will improve the lives of millions and specially Mexicans! Can't wait to see how it will turn out.

Bob Beaven's curator insight, February 5, 2015 2:05 PM

Mexico, along with the other countries in the MINT category, are developing countries that could one day become economic powerhouses.  Mexico, as noted in the article, is in a strong position to become an economic powerhouse, due to the fact that it is in between the United States and the developing countries to its south.  Mexico does face a battle however, as the country has been dominated by corruption for decades, yet the new president, who is young and energetic, is attempting to reform the system and put an end to the wide spread problem.  If Mexico can become a major economic powerhouse, it along with Canada and the United States, could from a strong North American Trio, originally envisioned when the NAFTA was signed into law, back in the 1990s. 

Kristin Mandsager San Bento's curator insight, March 1, 2015 10:00 PM

The MINT countries aren't that surprising.  After China purchased some of the US debt, it really opened my eyes to who the new powerhouse is.  Mexico could certainly be another powerful country if they could get their act together.  It will be interesting to see the shifts taking place in the next 20 years.  

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How a Gold Mining Boom is Killing the Children of Nigeria by Elizabeth Grossman: Yale Environment 360

How a Gold Mining Boom is Killing the Children of Nigeria by Elizabeth Grossman: Yale Environment 360 | NGOs in Human Rights, Peace and Development | Scoop.it
It is a pattern seen in various parts of the world — children being sickened from exposure to lead from mining activities.

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The Crew's curator insight, November 26, 2013 9:35 AM

While gold mining is economically beneficial to Nigeria, it is not acceptable for the exposure of lead from the mining and processing to affect the health of children. You are ruining the lives of youth, some who may be future miners. Ultimately, is the money aspect of this situation outweighing the risk of wiping out a generation?

-Scout

Dalton Denmark's curator insight, December 1, 2013 10:43 AM

gold mining poses many beneficial aspects to the abismal economy that africa posesses, however the lead poisoning and possible loss o a generation to me is too big of a risk to jeapordize. with that i do acknowledge why it is tempting to continue and just cope with the health deteririation and develop methods to try and circumvent this problem, however that in my opinion would be a very ignorant decision, this is a prime example of a "rock and a hard place" scenario, but i believe the best decision that could be made would be to substantiate a differant practice, and avoid gold mining. -Dalton Denmark