The fast pace of development recorded through entrepreneurship development in some nations like Malaysia, Indonesia, Brazil, China and India, among others, have clearly shown that development is driven by innovativeness, creativity and enterprise of the people and government. Unfortunately, Nigeria has not been able to achieve similar feats due to so many factors among which is Nigeria’s inability to convert its abundance human and natural re to develop its economy towards promoting growth, wealth creation and employment generation. This has made it imperative to encourage and promote entrepreneurship development especially by government. 1.2 Background to the study Nigeria is endowed with entrepreneurship opportunities. However, the realizations of the full potentials of these opportunities have been dampened by the adoption of inappropriate policies at different times.
1.0 Introduction The stock market has conventionally been observed as a fragment of the financial market. Stock market supposed that the crash of any development or policy change is speedily reflected in the share prices. Stock price frequently connected with prospect about future economic activity. According to Yue (2014) research state that stock market plays an important role in an economy. A strong and steady stock market be able to encourage economic growth by create a center of awareness domestic and foreign capital by control investment fund to business.
If a country’s public savings ratio is less than required investment, then the country will have to borrow more to finance its given rate of economic growth. So like the case with Malaysia, external debt is sourced to achieve the growth rate of the economy, which otherwise would not have been feasible with the given domestic resources. To highlight the motivation behind external debt to the growth-model, the dual-gap theory explains further the savings gap (savings-investment) and foreign exchange gap (import-export). For reasons of national balance of payments accounting, countries can also borrow in the short-term from external sources to finance current account deficits originating from external
Owolabi (2010) in his work opined that for any economy to develop and grow, the financial sector must be strong, solid, effective and efficient. The existence of an effective financial institution is a penacea to growing any economy. Idowu (2009) did a research n the means of minimizing the incidence of fraud in the Nigeria banking industry. Findings of the study reveals that, so many factors contributed to incidence f fraud in banks amongst which are poor managment of policies and procedures, inadequate working conditions, bank staff staying longer on a particular job and staff feeling fraustratedas a result of poor
INTRODUCTION For centuries financial systems have been indispensible parts of every country economic development. It plays an important role in the growth of industry and affects the whole economy in various ways. The basic role of financial system is to gather money from individuals who have more money (surplus) to those who are in need of the money (Deficit) with lower transaction costs. Both financial institutions and financial markets enhance this economic growth but the main emphasis of this paper will be on the stock market, which is one of the most important components of the financial market. This paper will also provide a profound study of how Stock Market investors can protect their investments and also analyze an article on investors
Through the adoption of sound strategic management models, public institutions can still deliver public goods and services even to the underserved communities. Nigeria’s dependence on oil is possibly the side through which the global financial crisis hit Nigeria the most. This is because the Nigerian economy is so dependent on the crude oil income that jolts immediately impact negatively on economic prices in substantial degrees. A crucial strategic management decision that needs to be made by the government is the adoption of an economic diversification strategic plan in favor of non-oil based
Is there any need for the composition of government expenditure to be adjusted to accelerate rapid economic growth? Earlier research in this area in Nigeria has been to investigate the impacts government investments on variables like manufacturing performance and employments (
Although, significant growth has been achieved since the year 1960, Singapore 's economy was still far from being a success and it was still facing more economic problems throughout the upcoming years. In the upcoming years, Singapore faced problems such as the lack of capital, an abundance of low-skilled workers, and also the need of advanced technology. Therefore, a strategy that Singapore realized in the 1990s was that they needed to expand its economic activities in the region. Then, an economic cooperation among Indonesia, Malaysia and Singapore was made and it was called The Singapore-Johor-Riau (SIJORI) growth triangle. SIJORI 's aim was to relocate Singapore 's investments in manufacturing to the nearby areas of Johor in Malaysia and the Bintan and Batam islands of the Riau Province in Indonesia.
The two main instruments of fiscal policy are government taxation and government expenditure. It can also be seen as government spending policies that influence macroeconomic conditions. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Impact of Fiscal Policy on Manufacturing Sector Output in recent time, various authors have suggested in the literature that fiscal policy has an important role in the growth of Nigerian economy through manufacturing sector output and that high growth rates are found in the economy where the manufacturing sector share in GDP is increasing.
Government has also established industrial development centers, credit schemes for small and medium scale enterprises, etc. The point made by Oxenfeldt (1943) cited in Anyadike, Eme and Ukah (2012), that people who are facing challenges of unemployment and prospects of poor paying jobs are likely to turn to entrepreneurial activities, is worthy of note. Entrepreneurship development in Nigeria is faced with lot of problems. Lack of basic social amenities such as power, good roads, poor implementation of government policies and lack of access to information has often mitigated against entrepreneurial development. It should be noted that even though Nigeria is a major producer of petroleum products, the comparative advantage of producing petroleum has not been felt by the citizenry.