VenturesNow

Ghana, Kenya overtake Nigeria on list of most hardworking foreigners in US

Published

6 years ago

August 23, 2018

Global media company, Bloomberg has ranked Nigerians working in the United States as the eighth most hardworking foreigners in that country.

Among African countries, Nigerians were ranked eight position behind Ghana, Kenya and Ethiopia that held first, third and fourth positions respectively.

Nigerians scored 71.0 percent in the list of the hardest and most skilled immigrant groups in the US which was topped by Ghana with 75.2 percent.

Bulgaria and Kenya were ranked second and third with 74.2 percent and 73.4 percent respectively. Other African countries in the report’s top 10 are Ethiopia (4th), Egypt (5th), and Liberia (9th).

This makes Africans in general the most productive immigrants in the US ahead of those from Mexico and Central America, who constitute more than 70 percent of foreign nationals in that country.

“If we want more high-skilled, hardworking, English-speaking, ready-to-integrate immigrants, it looks like the most obvious place to find them is in African countries where English is widely spoken,” Bloomberg journalist Justin Fox, who came up with the report, said.

The report, developed from the 2016 US Census Bureau American Community Survey, ranked Nigeria 8th among the Most-Educated Immigrant Groups in the U.S.

Nigeria sandwiched between Australia (7th) and Malaysia (9th).

The report put the number of Nigerian legal immigrants in the U.S. at 262,603.

According to the report, Kenya, Nigeria, Nepal and Ghana have the highest number of citizens pursuing higher education in the US after Saudi Arabia.

Immigrants from Kenya, Nigeria and Ghana are near the top in both employment-population ratio and higher-education enrollment, it said.

Related Topics:Bloomberg Ghana Kenya most hardworking foreigners in US Nigeria Slam Reports

Click to comment

VenturesNow

Moroccan annual inflation rises to 0.8% in November

Published

23 hours ago

December 21, 2024

Ifeoluwa Dada

Morocco’s statistics office has confirmed that the country’s annual inflation rate, as determined by the consumer price index, increased from 0.7% in October to 0.8% in November.

Monthly, consumer prices decreased by 0.2% from October.

The primary driver of inflation, food costs, grew by 0.8% compared to the previous year, while non-food inflation climbed by 0.7%. Core inflation, which does not include more erratic items like food, increased 2.6% annually and 0.2% monthly.

According to the central bank, inflation is expected to average 1% this year, down from 6.1% last year.

Despite the Al-Haouz earthquake, a spike in inflation, and worldwide economic challenges, Morocco’s GDP grew by 3.4% in 2023.

A recovery in tourism, robust industrial exports, and rising private consumption—all bolstered by prudent macroeconomic policies—were the main drivers of growth.

VenturesNow

Nigeria’s $42bn foreign reserves enough for 9 months’ imports— Central Bank

Published

2 days ago

December 20, 2024

Ifeoluwa Dada

According to Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), the nation’s $42.01 billion in foreign reserves can cover imports of goods and services for almost nine months.

Cardoso promised Nigerians improved economic fortunes in 2025 while addressing the Senate Committee on Banking, Insurance, and Other Financial Institutions yesterday in Abuja at the presentation of the performance index report.

Cardoso stated: “External Reserves rose from $ 38.35 billion it was on September 30, 2024, to $ 42.01 billion as of December 12, 2024”.

He clarified that third-party receipts in Q3 2024 and revenues from taxes connected to crude oil were the main drivers of the rise in foreign reserves during the specified time.

“We saw remarkable improvements in our trade balance and maintained a current account surplus,” he added.

“Our external reserves level can finance over 9.09 months of import of goods and services or 13.91 months only, higher than the international benchmark of 3.0 months and a robust buffer against shocks”.

On cash shortage, the CBN boss reiterated the N150 million fine against any branch of banks caught illegally distributing new Naira notes to currency hawkers and unscrupulous elements and said the Nigerian economy will improve in 2025 through policies and measures.

He predicted a stronger economic future: “Despite our economy’s challenges, there are clear reasons for optimism.

“The gradual stabilization of the forex market, ongoing banking sector recapitalization, and positive growth trends in key sectors, especially the services sector, indicate a path toward recovery and stability.”