Connect with us

Government

Nigeria Ranks 161st on a Leading Index That Measures the State of Youth Around the World

Published

on

youth - Investors King

Nigeria is ranked 161st on the 2020 Global Youth Development Index which measures the status of young people in 181 countries around the world.

Singapore ranked top for the first time followed by Slovenia, Norway, Malta and Denmark. Chad, the Central African Republic, South Sudan, Afghanistan and Niger came last respectively.

The index further reveals that the conditions of young people have improved around the world by 3.1 per cent between 2010 and 2018, but progress remains slow.

The Commonwealth Secretariat today released its triennial rankings of youth development in 181 countries, with 156 of them recording at least slight improvements in their scores.

While the data used in the index pre-dates COVID-19, the report highlights the positive trajectory of youth development which the virus could reverse for the first time unless urgent action is taken to secure the pre-pandemic gains.

Key highlights

The index ranks countries between 0.00 (lowest) and 1.00 (highest) according to the developments in youth education, employment, health, equality and inclusion, peace and security, and political and civic participation. It looks at 27 indicators including literacy and voting to showcase the state of the world’s 1.8 billion people between the age of 15 and 29.

AfghanistanIndiaRussiaEthiopia and Burkina Faso were the top five improvers, advancing their score, on average, by 15.74 per cent. On the other hand, SyriaUkraineLibyaJordan and Lebanon showed the greatest decline in youth development between 2010 and 2018.

Global trends

Overall, the index shows advances in youth’s participation in peace processes and their education, employment, inclusion and health care since 2010.

Health made the largest gains of 4.39 per cent driven by a 1.6 per cent decline in global youth mortality rates and a 2 per cent drop in each HIV, self-harm, alcohol abuse and tobacco use. Sub-Saharan Africa made the greatest strides in improving the health of young people.

Levels of underemployed youth and those not in school, training or work remained constant. Advances in equality and inclusion are led by improved gender parity in literacy as well as fewer child marriage cases and pregnancies in girls under 20. Yet no progress occurred in women’s safety.

The global education score increased by 3 per cent, with South Asia making the largest improvement of 16 per cent followed by sub-Saharan Africa with 10 per cent. Peace and security improved by 3.41 per cent, resulting from fewer young people dying from direct violence. Somalia recorded the largest gains in the peace and security of young people, followed by ColombiaSri LankaEritrea and Russia.

Youth participation in politics is the only domain to record a decline in most parts of the world, reporting a deterioration in 102 countries. However, sub-Saharan Africa recorded a 5 per cent improvement in the average regional score.

Globally, Sweden leads on education, Luxembourg on equality and inclusion, Indonesia on political and civic participation while Singapore tops the employment, health, and peace and security domains.

‘An empowered generation’

Speaking before the release, Commonwealth Secretary-General The Rt Hon Patricia Scotland QC said: “Young people are indispensable to delivering a future that is more just, inclusive, sustainable and resilient. By measuring their contributions and needs with hard data, our advocacy for their development becomes more powerful, and we are then able incrementally to increase the positive impact and benefits youth are able to add towards building a better future for us all.

“Our Youth Development Index is a vital tool which has already significantly enhanced our capacity to assess the extent to which youth are engaged to contribute beneficially in their societies, and empowered by enabling policies and tools.”

She added: “While the data used to compile the index was gathered before the COVID-19 pandemic, the findings indicate where progress was being achieved and where it was not, and that urgent action is now needed so that pre-pandemic gains are not lost but sustained and developed further, more broadly and more inclusively.

“As we work to recover and rebuild from the many consequences of the pandemic, we need to draw as fully as possible on the energy and idealism of youth so that fresh opportunities for social, economic and political development are opened up with present and future generations of young people equipped and empowered to fulfil their potential.”

Recommendations

Among its recommendations, the index calls for more investment in lifelong digital skilling of young people, mental health services, apprenticeships, road safety and youth participation in decision-making to reverse trends which adversely impact them.

It further urges governments to improve data collection on education and diversify how they measure digital skills and online engagement of youth.

In a pre-recorded message, the Prime Minister of Antigua and Barbuda, Hon Gaston Browne, said: “It is an important index which offers empirical evidence as to the level of youth development within the Commonwealth. It establishes a baseline so that youth development can be monitored regularly and we can see how we are closing the identified gaps.”

The index, which draws on multiple data sources, was to be released at the now-postponed Commonwealth Heads of Government Meeting (CHOGM) in 2020. However, with CHOGM being postponed again until 2022, it was decided to release the index this year.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Government

China and EU Seek Partnership: Xi Jinping Proposes Key Trade Alliance

Published

on

Shipowners

Chinese President Xi Jinping expressed his desire for China and the European Union (EU) to become key trade partners and foster trust in supply chains, during a meeting with EU leaders in Beijing.

The talks marked the first in-person summit between the two sides in four years and addressed a range of economic concerns, including data flows and market access.

Xi emphasized China’s commitment to high-quality development and opening up, positioning the EU as a crucial partner in economic and trade cooperation.

He envisioned the EU as a trusted collaborator in industrial and supply chain cooperation, aiming for mutual benefits and win-win results.

The summit delved into longstanding issues, such as efforts by Europe to “de-risk” its supply chains and the EU’s anti-subsidies investigation into Chinese-made electric vehicles.

China criticized the investigation, urging the EU to avoid using it for “trade protectionism.”

Xi called for the elimination of interference between China and the EU, a statement likely directed at the United States, which has taken actions, including enlisting the Netherlands, to curb China’s development of high-end semiconductors.

The EU leaders, Ursula von der Leyen and Charles Michel, described their conversation with Xi as “good and candid.”

They discussed the main challenges amid increasing geopolitical frictions, emphasizing a commitment to balanced trade relations and pledging to enhance people-to-people exchanges.

During the meeting, Italy formally informed China of its exit from the Belt and Road Initiative, highlighting ongoing strains between the EU and China.

Xi discussed Belt and Road with EU leaders, expressing a willingness to connect it with the EU’s Global Gateway infrastructure plan.

However, deep issues remain, including Russia’s war in Ukraine, trade imbalances, and Chinese overcapacity exported to Europe.

Jens Eskelund, president of the European Union Chamber of Commerce in China, stressed the need to address these issues to foster a positive relationship between Beijing and Brussels.

Continue Reading

Government

UAE Commits $30 Billion as COP28 Climate Talks Kick Off in Dubai

Published

on

climate change - Investors King

UAE President Sheikh Mohammed bin Zayed inaugurated the COP28 United Nations climate talks in Dubai on Thursday with a groundbreaking commitment of $30 billion to bolster climate solutions.

Notable world leaders, including Saudi Crown Prince Mohammed Bin Salman, German Chancellor Olaf Scholz, and Brazil President Luiz Inacio Lula da Silva, are scheduled to address the summit.

The unprecedented scale of this year’s COP is evident with tens of thousands of delegates in attendance, making it one of the largest gatherings in COP history.

Beyond politicians and diplomats, the summit attracts campaigners, financiers, and business leaders, providing a diverse platform to address pressing climate challenges.

The urgency of the discussions is underscored by the UN’s declaration of 2023 as the hottest year on record, coupled with the ongoing rise in greenhouse gas emissions.

One early success at COP28 is the agreement among nations on details for managing a fund designed to aid vulnerable countries in coping with extreme weather events intensified by global warming.

Also, rich countries have pledged at least $260 million to initiate this facility.

UAE’s COP28 President, Sultan Al Jaber, announced the launch of ALTERRA, the largest private finance vehicle for climate change, in collaboration with BlackRock, Brookfield, and TPG.

ALTERRA aims to mobilize $250 billion by the end of the decade, with $6.5 billion allocated to climate funds for investments, particularly in the global south.

As the summit unfolds, other pivotal topics include agreements to expand renewables, commitments to phase out fossil fuels, rules for a forthcoming UN carbon market, and the first formal evaluation of global progress in combating climate change since the signing of the Paris Agreement in 2015.

The UAE’s decisive move in financing climate solutions sets a significant tone for COP28, emphasizing the imperative for collective action to address the escalating climate crisis.

Continue Reading

Government

Nigeria Eyes BRICS Membership within Two Years as Foreign Minister Emphasizes Strategic Alignment

Published

on

In a strategic move towards global economic collaboration, Nigeria is aspiring to join the BRICS group of nations within the next two years.

The Minister of Foreign Affairs, Yusuf Tuggar, affirmed that Nigeria is open to aligning itself with groups that demonstrate good intentions, well-meaning goals, and clearly defined objectives.

Tuggar stated, “Nigeria has come of age to decide for itself who her partners should be and where they should be; being multiple aligned is in our best interest.”

He emphasized the need for Nigeria to be part of influential groups like BRICS and the G-20, citing criteria such as population and economy size that position Nigeria as a natural candidate.

BRICS, comprising Brazil, Russia, India, China, and South Africa, stands as a formidable bloc of emerging market powers.

In a recent move to expand its influence, BRICS invited six additional nations, including Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates, to join the group.

Nigeria, as Africa’s largest economy, has been absent from the BRICS alliance, prompting discussions on the potential economic and political advantages the bloc could offer the country.

Analysts have noted that BRICS membership could provide Nigeria with significant leverage on the global stage.

Vice President Kashim Shettima clarified that Nigeria did not apply for BRICS membership after the bloc’s announcement of new members in August.

Shettima emphasized the principled approach of President Bola Ahmed Tinubu, highlighting a commitment to consensus building in decisions related to international partnerships.

As Nigeria eyes BRICS membership, the move is seen as a strategic step towards enhancing its global economic and diplomatic influence.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending