International Trade and Economic Growth in Nigeria By Babatunde Afolabi, Jonathan D Danladi & Muhyideen I Azeez Afe Babalola University, Ado Ekiti, Nigeria Abstract-This study examined the impact of international trade on economic growth in Nigeria, with the
Economic, social and cultural rights are socio-economic human rights, such as the right to education, right to housing, right to an adequate standard of living, right to health, victims' rights and the right to science and cultureEconomic, social and cultural rights are recognised and protected in international and regional human rights instruments
of FDI attracted by Nigeria is mediocre (Asiedu, 2003) compared with the resource base and potential need Further, the empirical linkage between FDI and economic growth in Nigeria is yet unclear, despite numerous studies that have examined the influence of FDI on Nigeria’s economic growth with varying outcomes (Oseghale and Amonkhienan.
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits By 2015, Nigeria's inflation stood at 9% In 2005, the federal government had expenditures of US$1354 billion but revenues of only US$1286 billion, resulting in a budget deficit of 5% .
The impact of foreign direct investment on Nigeria economic growth 1981-2016 (PDF) will be the focus of this research Promoting and facilitating technology transfer through foreign direct investment (FDI) has assumed a prominent place in the strategies of economic revival and growth
Learn more about the Nigeria economy, including the population of Nigeria, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom .
Oct 15, 2019· A Professor of Rural Sociology, Kolawole Adebayo, says Nigeria will benefit from the recent border closure if it evolved strategies to improve local production and become more competitive
Economic development in Nigeria, although has been rocked back and forth by various political, socio-cultural, financial and infrastructural setbacks, the economic development of a country like Nigeria can’t be said to have totally been where it used to be, or to have back tracked as some people insinuate
Feb 06, 2014· Nigeria’s tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally More to the point, the lack of adequate empirical data has hindered policy makers and other stakeholders on the viability of most of the existing tourism destinations in Nigeria,
The primary goal of US assistance in Nigeria is to support the country's development as a stable democracy while reducing extreme poverty In the North East region, where the violent Boko Haram insurgency has devastated local populations, the US government will continue to provide life-saving humanitarian assistance and transitional programs for stabilization
Read Also: Nigeria Population and its Economic Significance 3 It Helps Government to Maximize Waste Of Public Funds Through Legislature’s Oversight Functions Morso, social welfare policy as stated earlier is very important since it alleviate poverty among the members of the society and allow for quality lives of these people
Carnivals constitute one of the main motivations in the choice of the tourist destinations worldwide The empowerment of the “civilization”
economic effects of the area are not far-fetched in the later chapters 12 Aim of the thesis The main aim of writing this thesis is to assess the socio-economic impact of tourism development in Nigeria as regard to the coastal area of Lagos state with a view of integrating more development in the area 13 Objectives
NIGERIA’S petroleum industry have come a long way from its over 57 years of commercial oil production, but perhaps the most significant period, in terms of local input and benefits to Nigerians .
How border closure can benefit Nigeria’s economy , “But if the smuggled food is cheaper, it is a law of economics, people tend to buy something that makes economic sense to them,” he sa He stressed the need for the country to work on its human development, people, their mindset and value system, a lot of which he said might have .
Nigeria is an NEE and one of the economic leaders in Africa Nigeria is rich in oil, and this makes 75 per cent of government money, but the rapid economic growth (over 7 per cent per year since 2009) is found mostly in the non-oil sector (according to the IMF) Nigeria is making increasing amounts of money from manufacturing and servic
POTENTIAL BENEFITS OF THE AFRICAN CONTINENTAL FREE TRADE AREA (AFCFTA) ON NIGERIA STUDY REPORT FOR MAY 2018 , one that has become topical in Nigeria’s recent economic landscape The report was compiled by a consortium of academics and research institutions ABOUT AUTHORS
Aug 19, 2016· The fundamental developmental differences in socio-economic infrastructure and maintenance psychology demands that a more suitable approach be adopted by countries like Nigeria,
Renewable energy is already cheaper than other energy options in most of the world, but it comes with other economic and societal benefits as well Because of the number of countries investing in .
Nigeria - Nigeria - Economy: The Nigerian economy is one of the largest in Africa Since the late 1960s it has been based primarily on the petroleum industry A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and ,
Contents Definition of ColonialismEffects/Impact of Colonialism on Nigeria Definition of Colonialism Colonialism means a system which the Europeans adopted in ruling the colonies of Africa to their own benefits It also means foreign rule on foreign lands The impact of colonialism in Nigeria could be discussed under political, economic, social, educational and religious aspects Effects .
advantages of international trade other than focusing attention on the financial, economic and industrial interdependence and interrelationship of the two universally acknowledged categories of countries — that is, the developed countries and the developing countri Examples of the former are Western Germany, France, Great Britain and USA
Abstract Due to unsustainable exploitation practices coupled with the lack of gas utilization infrastructures, Nigeria flares a substantial proportion of the gas it produces and the country lags far behind when compared to other oil producing nations in terms of associated gas conservation and utilization This work focussed on the measurement of heat radiation from gas flaring as one of the .
Privatization and commercialization in Nigeria will be a mirage unless institutional reforms take place The government should create an environment favorable for private economic activity
The nonprofit sector in Nigeria has been increasingly active in charitable caus Through the years, charity has progressed from individual charitable acts of helping the poor to more organized philanthropy, such as corporate social responsibility
The economic importance of crude oil is that it is used to produce gasoline and other fuels used around the world Countries must pay large amounts of money for these resources which drive the .
In estimating the economic impact, we did not capture macroeconomic benefits – eg growth in gross domestic product – or the economic implications of demographic changes resulting from vaccination 38 – 40 In addition, empirical data on the value of a life-year are not available from interventions targeting children in low- and middle .
impact on Economic Development However, Shell is attempting to act more responsible by adjusting its position in order to have a more positive impact on Economic Development On the other hand, the IMF has not adapted to Nigeria but obliges the country to adapt to the institution’s demands hindering Economic Development
A growth in the Gross Domestic Product (GDP) and a high per capita income are strong indices of economic development of a country 4 Wealth creation and distribution Through the creation of business entities, wealth is mobilized and distributed by entrepreneurs The public will benefit from the success and wealth of entrepreneurs in Nigeria
Economic opportunities and challenges in Lagos - The coastal location of Lagos has been key in its development as a megacity Since the settlement was established as a fishing village its geography has enabled it to become a thriving seaport Lagos Lagoon provides a sheltered harbour for ,
We have set up a team with hundreds of technical engineers to resolve a series of problems during project consultation, on-site surveys, sample analysis, program design, installation, commissioning and maintenance guidance.