Birth rate woes hit China where schools are closing for lack of children

Birth rate woes hit China where schools are closing for lack of children

In neighbouring Hubei province, recruitment of schoolteachers has dropped one-fifth over the same period. The main reason for the fall appears to be the declining numbers of schoolchildren, as China experiences a period of “ultra-low” fertility, with fewer than 1.4 live births per woman over a lifetime. The China Population and Development Research Centre estimates … Read more

Premier faces China’s economic issues square on in meeting as inflation adds to pressures

Premier faces China’s economic issues square on in meeting as inflation adds to pressures

The world’s second-largest economy continues to grapple with an uneven recovery, but Li and other top leaders have tipped stable growth in the first half of the year and said that the around 5 per cent annual growth objective was attainable. Beijing is trying to whip up more positivity in the lead-up to the reform … Read more

China needs ‘urgent’ response to low population growth challenge: economic adviser

China needs ‘urgent’ response to low population growth challenge: economic adviser

He stressed that the pool of China’s workers had shrunk by 60 million over the past 12 years, which had had “a huge impact” on the economy, adding that many cities were struggling to recruit and battling unemployment and rising labour costs. Ma suggested further changes to family planning laws – which were modified in … Read more

Nigerians bemoan exorbitant cost of living as inflation reaches record high

Nigerians bemoan exorbitant cost of living as inflation reaches record high

Nigeria’s cost of living crisis is heaping misery on the citizens with inflation soaring amidst failing efforts by the monetary and fiscal authorities to stabilise the national currency’s exchange value and to review workers’ wages. Rising prices have taken many essential items, including food and housing, beyond the reach of millions of citizens across the … Read more

China’s migrant workforce getting older as pay rises lag behind general population

China’s migrant workforce getting older as pay rises lag behind general population

China’s migrant workers are getting older while their salary increases are lagging behind the general population, according to an official report. The report, published by the National Bureau of Statistics on Tuesday, found that the average monthly salary of migrant workers rose by 3.6 per cent to 4,780 yuan (US$660) in 2023 compared with the … Read more

Rivers internal revenue increases by 100 per cent in one year

Rivers internal revenue increases by 100 per cent in one year

The oil-rich Rivers State has recorded a more than 100 per cent jump in Internally Generated Revenue (IGR), Governor Siminalayi Fubara has said. Governor Fubara said this on Friday at a meeting with members of the House of Representatives Committee on Public Account in Port Harcourt,” Boniface Onyedi, senior special assistant to Mr Fubara, told … Read more

Gender Matters Across Nigeria (March Edition)

Gender Matters Across Nigeria (March Edition)

Dear Reader, The 8th of March, and, in fact, the whole of March, is set aside globally to celebrate International Women’s Day (IWD) and the Nigerian government took advantage to launch various initiatives aimed at inspiring inclusion as the theme for this year’s celebration dictates. With women’s labour force participation rate in Nigeria put at … Read more

Nigeria’s electricity customers rose to 12.1 million in Q4 2023

Nigeria’s electricity customers rose to 12.1 million in Q4 2023

The total number of electricity customers in Nigeria stood at 12.12 million in the fourth quarter of 2023, data from the National Bureau of Statistics (NBS) has shown. The bureau revealed this in its Nigeria electricity report detailing energy bills, revenue generated, and customers by DisCos (Q4 2023), which was published on Monday. “Total customer … Read more

Cooking gas price increased across Nigeria in February – NBS

Cooking gas price increased across Nigeria in February – NBS

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N5,139.25 recorded in January 2023 to N6,154.50 in February 2024. NBS disclosed this in its “Cooking Gas Price Watch’’ for February 2024 released on Saturday in Abuja. The report said the February price represented a 19.75 per cent … Read more

Nigeria’s unemployment rate surges 5% in Q3 2023 – NBS

Nigeria’s unemployment rate surges 5% in Q3 2023 – NBS

Nigeria’s unemployment rate rose to 5 per cent in the third quarter of 2023, the National Bureau of Statistics has said. The bureau said this in its Nigeria Labour Force Survey (NLFS) report for Q3 2023 released on Monday. The NBS said the rate is an increase of 0.8 per cent from Q2 2023 (4.2 … Read more