Social capital, defined as the networks, relationships, and norms of trust and reciprocity within a society, is increasingly being recognized as a critical driver of economic and social development. In Nigeria, a country characterized by diverse ethnicities, cultures, and socio-economic disparities, harnessing social capital presents immense opportunities for promoting inclusive growth and sustainable development. Building Trust and Cooperation At the […]
Social Capital for National Development
Understanding Social Capital
Social capital refers to the networks, relationships, and norms of trust and reciprocity that exist within a society or community. It encompasses the social connections and resources that individuals and groups can access through their interactions with others. Social capital can manifest in various forms, including interpersonal relationships, community organizations, and shared values and norms. There are two primary components […]
How to revamp Nigeria’s economy
Revamping Nigeria’s economy requires a comprehensive approach that addresses both short-term challenges and long-term structural issues. Here are some key measures that can be taken: Diversification of the Economy Nigeria’s economy is heavily reliant on oil exports, making it vulnerable to fluctuations in global oil prices. Diversifying the economy by promoting non-oil sectors such as agriculture, manufacturing, and services can […]
Who Are Social Enterprises
Social enterprises are businesses that prioritize social or environmental objectives alongside financial goals. Unlike traditional for-profit enterprises, social enterprises aim to address societal issues and create positive impact through their operations. They generate revenue through the sale of goods or services, but their primary mission is to bring about social or environmental change rather than maximizing profits for shareholders. Social […]