Is the resource curse hard-baked into African economies? China’s approach hints that it may not be

Countries with abundant natural resources – gold, diamonds, crude oil– often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse. Countries like Nigeria, Angola and the Democratic Republic of Congo are often cited as examples.

Several explanations have been offered for the resource course. These include the lack of government accountability usually associated with large windfalls from natural resources relative to other sources of tax revenues. Others are an increase in the local currency against major currencies such as the US dollar, which makes it difficult for other sectors of

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Canceling student loan debt will barely boost the economy, but a targeted approach could help certain groups

At the end of June 2021, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately US$1.59 trillion in outstanding federal student loans. Although in many cases the media has focused on borrowers with extremely large balances – such as the orthodontist who owes over $1 million in student loans – the average balance is a more modest $39,351 per borrower with an average monthly payment of $393 per month. The standard repayment period for $39,351 in student loans is 20 years.

The amount of student debt outstanding varies greatly based on the type

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No exam, no stress approach at Aptech Nigeria invites applications for Mission I.T. Scholarship 2021

No Aptitude Test required, Scholarships up to 40% offered on SSCE Grades.

Aptech, a global learning solutions company established in 1986 has been at the forefront to empower Nigeria with I.T. skills. In order to keep up the vision of empowering through technology, Aptech conducts Mission I.T. Scholarship every year. This year the scholarship will not need an Aptitude Test. We will be offering scholarships on Aptech’s Career Programs to WAEC / SSCE pass-out students based on Grades secured in the Top 5 Subjects.

In current testing times, Aptech attempts to ease out the stress students are facing with ‘No

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