Private, Public, and Philanthropic Funding for Global Agricultural and Health Research and Development

Research and development (R&D) is work that pertains to innovation, introduction, and improvement of products and processes. The R&D process for new products and services often takes years and large investments to come to fruition, and funders face the risk that some investments may fail to generate returns to investors or benefits to users. Thus, estimates of the costs, risk, and potential returns to R&D projects all influence funders’ decisions around where to invest.

Economic Growth & Poverty in Nigeria: Part 2 of 2

This is the second in a two-part series on measuring and understanding economic growth and poverty in Nigeria, presenting findings from EPAR Technical Report #327. Nigeria became Africa’s largest economy in 2014. As Nigeria’s Gross Domestic Product (GDP) per capita grew by nearly 70% between 1992-2009, poverty rates fell by 6%. However, while the proportion of impoverished Nigerians decreased slightly, the population grew by 54.3%, increasing the absolute number of Nigerians below the poverty line.