New World Bank GNI Classification: Mauritius now a High-Income Country

The World Bank has classified Mauritius as a high-income country for the first time in the New World Bank country classifications by income level: 2020-2021. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. The classifications are updated each year on July 1 and are based on GNI per capita in current USD .

The Gross National Income (GNI), previously known as Gross National Product (GNP), is the total amount of money earned by a nation’s people and businesses. It is used to measure and track a nation’s wealth from year to year. The number includes the nation’s gross domestic product plus the income it receives from overseas sources.

According to the figures released on Wednesday by the World Bank, Mauritius’ GNI per capita for 2019 is US$12,740, a 3.5 percent increase over the 2018 figure. The annually adjusted high-income threshold is now at US$ 12,535.

For more details on the World Bank’s income classification: https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups

Flood Alert: Digital Elevation Model for Flood Risk Management

This is a Digital Elevation Model of a part of Lagos adjacent to the Ogun River flood pathway. DEM is not new to town planners, transport/construction agencies, waste management industries, drainage/flood/agricultural agencies.

Imagine having to study a DEM data of an area before making that important decision like ‘where to develop a project’ or ‘an area to reside’.

This is important as it is no longer news that the Ogun-Osun River Basin Authority (OORDBA) – one of the 12 River Basin Development Authorities that manages the Oyan River Dam has stated that it will soon commence the seasonal water releases from the dam which is in addition to NiMet’s terrifying 2020 seasonal rainfall prediction.

It is particularly important to know that Lagos is just few metres above sea level, prone to all kinds of natural, human and other meteorological causes of flooding.

As the State Government continues to work on all drainage channels in preparation for the flooding, residents living along the plains of Ogun River and other low-lying areas are advised to be on high alert and to also desist from human activities that impedes free flow of water.

9 Life Lessons You Can Derive From The Movie ‘The Croods’

The Croods is an animated adventure movie I love to watch over and over. I must commend DreamWorks Animation for paying close attention to the minutest detail in the making of the movie. Same perfection goes to other animated movies like Coco and Toy Story by Pixar Animations. These are some of the several cartoons that have stood the test of time to deliver more than just fun but filled with great life lessons that should be learned.

The Croods tells the story of how necessity became the mother of invention. After their cave was destroyed by an earthquake, Grug (Voiced by Nicholas Cage) along with his caveman family must trek through a perilious and unfamiliar territory with the help of a creative boy (Voiced by Ryan Reynolds). It reflects the internal and external crisis we often experience daily, emphasizing creativity with the happy or difficult need for change.

The Croods animated adventure movie

Defy all odds: “That’s not living, that’s just not dying!” said Eep. She was curious and tired of her comfort zone, ready to confront all odds to achieve her aim. She was tired of doing same thing over and over. To grow, you may need to defy all odds, challenges, and other existing conventional methods. Progress is indeed borne out of doubt and inquiries.

Hook up with the right person: The right person here might mean getting the right mentor/role model, the right man for the job, the right manager to lead the business or even the right future partner. In the cartoon, Guy was so dogged, and purpose driven that he did not give in to Grug’s constant fear and resistant to change.

Too much ego ruins things: An ego trip is a trip to nowhere- Robert Half. Grug’s ego dragged him behind for too long but as soon as he realized this and became humble, he accepted to follow Guy’s better ideas and things started to get better.

Father’s responsibilities: Despite Grug’s fear, unwillingness to take risk and accept changes, he was such a great and overly protective leader, steering the croods’ family all through the daily perils even to the point of wanting to sacrifice everything.

Be Curious/Risk Taking: Guy and Eep were both curious and risk takers which eventually paid off. Never be afraid to ask why, where, how, when or what. Great discoveries, inventions and opportunities often come from risk-taking.

Do not take things for granted: We often forget to say, “I love you” or “Thank you” to the people who deserve it the most. Never take your loved ones or the effort of your employees for granted. Do not wait till it is too late to make that move, send that gift or make that call.

Be open to new ideas: An Idea is Salvation by imagination – Frank Lloyd Wright. Nothing good will ever take place if you only listen to your own opinions. Grug was the leader that wanted everyone to listen to him only and comply to his instructions. Later, he realized the futility in his actions and gave room for knowledge sharing. For personal growth to occur, we must be open to different perspectives, opinions, and the advice of others.

The Croods animated adventure movie

Do not be resistant to change: Indeed, change is the only constant in life. Likewise, be ready to evolve in the ever-changing world. Do everything possible to fit in by; getting that degree, adding more skills, embarking on that planned trip, sending that application and asking for help.

Believe in Yourself: In the movie, Grug was separated from his family probably due to the earthquake and was left alone to wander. However, his curiosity, optimism and survival instincts sparked ideas that led him to his breakthrough.

If you are yet to see this beautiful movie, please do before the release of Croods 2 in December 2020. Surely, there are numerous life, family and business morals and insights you can derive from it.

Image Credit; https://www.dreamworks.com/

Nigeria in 1min: Economic, Business and Financial Headlines

Culled from proshareng.com

Grain Prices To Decline Further Due to Robust Supply – The average national grid power output declined sharply by 12.8% to 3,628MW/h due to gas constraints at Olorunsogo and Afam stations. The recent intermittent power supply has increased the demand for diesel which is used to power generators. FDC Ltd Read More

Akwa Ibom State Reports Highest Unemployment Rate of 37.7% in Q3 2018 – NBS – This report presents the state breakdown of the results of the Labour Force Survey earlier publsihed by the National Bureau of Statistics. Source NBS Read More

Oil Prices Crash As OPEC Prepares To Boost Supply – OIR 260419 – Oil prices fell sharply in early trading on Friday as the market reassessed the impact of U.S. sanctions on Iran. Analysts argue that Iran may succeed in mitigating the impact, maintaining some degree of exports. Source Oilprice Read More

Manufacturing Index Rises Further in April – The Manufacturing Purchasing Manager’s Index (PMI) in the month of April, stood at 57.7 index points, indicating expansion in the manufacturing sector for the 25th consecutive month. The index grew at a faster rate when compared to the index in the previous month. Source ThisdayRead More Read more of this post

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