$25,000
In Nigeria we delude ourselves in believing we are offering our children university education and for next to nothing. Problem is that our boys and girls end up jobless, hardly prepared for today’s job market. Compare that to the average US child who ends up with about $25,000 in student loan on graduation. Data shows that a university graduate in the US gets a net value of $500,000 just on the basis of his university education. Which way Nigeria?
$11bn
At a time Nigeria’s aviation industry is suffering from the pain of its aging fleet, Turkish airlines has just announced it will be buying 40 units of Boeing’s run away plane, the 787 for a staggering $11bn before usual discounts. Turkish Airline is gaining market share around in the world including Nigeria with is well priced fares and its wide network.
331.9m
There were a total 331.9m registered internet domain names as at end of June, 2017. That figure is expected to grow by about .4% every quarter. And of the total registrations, .com and .net have a combined 144.3m among them.
5-7m jobs
The digital economy in Nigeria will add an additional 5-7million jobs to the national economy by 2020 according to the Electronics and IT minister. That number will be mainly youths for the teaming youths. India is already the world’s IT hub and it is increasingly gaining reputation as centre for electronics and mobile manufacturing.
$60
OPEC is again becoming a real cartel. Having succeeded in enforcing near full compliance for its oil production cuts, the organisation is now setting its sights on an oil price averaging $60 per barrel. Output cuts by OPEC and other oil producers are clearing a supply glut that has weighed on crude prices for three years, pushing up price by 15% in the last three months. “The market is now evidently well on its way towards rebalancing”, says a confident Kuwaiti oil minister, Essam al-Marzouq.
