independence, most African countries remained under the control of their colonial masters both politically and economically, Nigeria inclusive. Colonialism and Neo-colonialism have left Nigerian Economy out of the possibilities for development, during the colonial period Britain controlled the Nigerian market principally because of its gains, these policies prevented Protectionism (the economic policy of restraining trade between countries through tariffs on imported
THE PROS AND CONS OF TELECOMMUNICATION AS A CATALYST FOR ECONOMIC DEVELOPMENT IN NIGERIA. Communication technology refers to electronic communications like cell phone, social networking, website and email. Telecommunication involves the regular transmission of signs, signal, massages, writing and sound of any nature through wire, radio, optical or other electromagnetic system. In Nigeria, telecommunication has been on gradual increase since twenty-first century, the little increase has increase the
NAME: JEMINIWA DAMILOLA.I TOPIC: THE EFFECTS OF TERRORISM ON ECONOMIC DEVELOPMENT IN NORTHERN NIGERIA: THE CASE STUDY OF BOKO HARAM INSURGENCY. CHAPTER 1: INTRODUCTION 1.1 Background to the study: Terrorism has grown to become one of the biggest issues in the world and majority of the global crisis being experienced in the world at the moment can be attributed to terrorism. Although there is no universal definition on the term terrorism. Several scholars and organizations have attempted to define
Introduction to Economic Crisis in Nigeria Recently Nigeria has been declared the African Country with the largest Economy and sadly knocked South Africa into second place. Nigeria may view this as a major feat but that is where the good news ends. In all other situations South Africa surpasses Nigeria: employment, per capita income and practically everything else. Although evidently, there is no improvement in the Nigerian economy, it is fair to say that an economy does not improve overnight but
In terms of the economic well-being, Africa is falling behind from the rest of the world. Although global poverty is at its decline as the economic growth of the countries such as China and India are getting better. However, the decline in African economy is disappointing. According to Sachs, poverty in Africa is rising at a faster rate. The question arises that what is the fundamental cause of underdevelopment in Africa? This has been a research topic in Africa from the past few years. It has been
In terms of the economic well-being, Africa is falling behind from the rest of the world. Although global poverty is at its decline as the economic growth of the countries such as China and India are getting better. However, the decline in African economy is disappointing. According to Sachs, poverty in Africa is rising at a faster rate. The question arises that what is the fundamental cause of underdevelopment in Africa? This has been a research topic in Africa from the past few years. It has been
business firms and governments the opportunity to sell stocks and bonds, to raise long-term funds from the savings of other economic agents. The capital market is a highly specific and organized financial market and in fact an essential agent of economic growth because of its ability to facilitate and mobilize saving and investment. Securities were first floated in Nigeria early as 1946, even though there was no orderly and organized capital market with all the attendant institution until the
APPRAISAL OF NIGERIA-CHINA TRADE RELATIONS (1975-2016) BY OLU CHIDINMA Overview The study aims to evaluate and provide an appraisal of the bilateral trade relations between Nigeria and China as well as providing information on the implication of China’s relations with Nigeria on the domestic economy. Economic relations between Nigeria and china dates back to 1971 when the two countries signed the joint communiqué on the establishment of diplomatic relations Introduction Economy of Nigeria The economic
Previous researches and prevalent issues reveal that the world has indeed become a global world with a dominate language which is the English language. English has become a unifying factor in multilingual multicultural nations. In Nigeria precisely, the English language occupies a unique position and consequently plays a very significant role in the formation of national values and integration of the nation state. This is owing to the fact that the country is a multilingual nation with diverse ethnic
a long life is a fundamental aspect of human development. Despite the substantial gains in longevity, survival prospect in Nigeria continues to lag far behind other countries. Healthcare service delivery is among the major indicators for measuring development of a country’s economy; for the reason that “a healthy nation is a wealthy nation.” However, despite the importance of health to the development of a nation. National health indicators in Nigeria are possibly among the lowest in the world for