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
ACCOUNTANCY, UNIVERSITY OF MALAYA, KUALA LUMPUR, MALAYSIA IN SUPPORT OF THE ADMISSION INTO PhD RESEAARCH PROGRAMME FIELD OF RESEARCH: ACCOUNTING, TAXATION & FISCAL POLICY TOPIC OF RESEARCH: TAX REVENUE AND ECONOMIC GROWTH: THE NIGERIA EXPERIENCE (2000-2019) Introduction Tax is a compulsory charge imposed by a public authority on the income and properties of individuals and companies as stipulated by the government decree or Acts or laws irrespective of the exact amount
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
role of foreign aid in the growth process of developing countries has been an issue of intense debate. Foreign aid is an important issue given its implications for poverty reduction in developing countries. Previous empirical studies on foreign aid and economic growth generate mixed results. For example, Addison, Mavrotas and McGillivray (2005) find evidence for positive impact of foreign aid on growth; Abegaz (2005) find evidence for negative impact of foreign aid on growth, while AFDB (2005),AFDB
situation in Nigeria is quite disturbing. Both the quantitative and qualitative measurements attest to the growing incidence and depth of poverty in the country. The UNDP Human development index ranks 152 out of a total of 187 countries surveyed in 2013, with a life expectancy of 52.5 years and over 45 percent of the population living below the poverty line (UNDP, 2015). Asian countries, such as Singapore, Indonesia, Sri Lanka, India and Malaysia, were in the same economic league with Nigeria in the 1960's
THE WORST EVER IN NIGERIA HISTORY I have tried so hard to stay behind the scene and just watch all the drama about how people we voted into power loot and mismanage the country resources, I tried to figure out what on earth could these individuals who stole and turn the wealth of a total nation into their personal inheritance that has to be shared amongst them, I kept wondering what was running through their mind. But I found no answers to my questions. In the history of Nigeria there has never been
2.2.2 Economic development and Economic growth Economic development is defined as the attainment of a number of ideals of modernization such as a rise in productivity, social and economic equality, improved institutions and values (Adedeji et al, 2014). Economic development is thus an important aspect of general development in any nation (faodun et al, 2010). According to litman (2010), economic development refers to progress toward a community’s economic goals such as increased employment, income
Economic diversification has been regarded as a major tool and source of sustainable economic growth and development in developed, emerging and developing economies through direct effect on the GDP by increasing economic activities and indirectly through multiplier effect, backward and forward linkages among the various sectors of the economy (Anyaehie&Areji, 2015; Akpan, 2009;Gachino, 2007). Classical and neo-classical economics theory projected convergence between poor developing countries and
Introduction Nigeria, one of the most populous countries in Africa achieved independence from Britain in 1960, a time when primary agricultural products like groundnuts, palm oil, cocoa beans. Cotton and rubber dominated the exports. Oil till the 1950s was nowhere in picture of the Nigerian macro-economy. However, the discovery of oil wells in the Niger delta region of Nigeria in great quantities changed the entire macro-economic scenario of Nigeria. Oil wells were discovered in 1956, but production
Grammar report Re-check this text Upload file Protect your text 1 PUBLIC-PRIVATE ENTREPRENEURSHIP DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: 1995-2012 BY ABDULMUMIN JIBRIN THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR EXECUTIVE MBA, SBS SWISS BUSINESS SCHOOL. MAY, 2014 2 CHAPTER ONE INTRODUCTION 1.1 Background of the Problem Public-private entrepreneurship in Nigeria has been a subject of discourse and research for decades. The increasing rate of poverty, unemployment and other