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Articles by Anthony Okon
Achieving Inclusive Growth in African Countries: The Role of Governance, Renewable Energy and Digital Infrastructure
References , and . 2010. “Principal Component Analysis.” Wiley Interdisciplinary Reviews: Computational Statistics 2, no. 4: 433–459. , , and . 2003. “ An African Success Story: Botswana.” In In Search of Prosperity: Analytical Narratives on Economic Growth, edited by D. Rodrik, 80–119. Princeton University Press. , and . 2012. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Crown Publishers. , , and . 2021.
Fiscal policy options for growing out of debt: Evidence from Nigeria
Despite the essential role debt plays in enabling structural transformation and development, the rate at which Nigeria’s debt is rising has constrained the country’s ability to generate sufficient growth, cope with crises, and invest for development. In 2023, Nigeria’s debt reached $108.3 billion. This represents an increase of 123% since 2012, a rate roughly six times the country’s growth rate of GDP.
Nigeria’s industries without smokestacks are delivering better economic opportunities than traditional sectors
Persistently high levels of unemployment have emerged to become a key policy challenge in Nigeria. Between 2010 and 2018, the unemployment rate rose from 5 percent to 23 percent. Worsened by the COVID-19 pandemic, the economy is simply not generating enough jobs for labor entrants, particularly women and youth. In 2020, the national unemployment rate stood at 33 percent, while 52 percent of women remained unemployed and 42 percent of youth (aged 15-34 years) were without jobs.
Nigeria’s industries without smokestacks are delivering better economic opportunities than traditional sectors
Persistently high levels of unemployment have emerged to become a key policy challenge in Nigeria. Between 2010 and 2018, the unemployment rate rose from 5 percent to 23 percent. Worsened by the COVID-19 pandemic, the economy is simply not generating enough jobs for labor entrants, particularly women and youth. In 2020, the national unemployment rate stood at 33 percent, while 52 percent of women remained unemployed and 42 percent of youth (aged 15-34 years) were without jobs.
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