Strategies for Economic Diversification in Nigeria – In this post, we discuss the strategies to diversify Nigeria economy? Here you will find 10 notable strategies for economic diversification in Nigeria. Nigeria is a very popular country in the world rich in human, natural and mineral resources. Unfortunately, the country has heavily depended on crude oil … Read more
The privatization programme can be traced in Nigeria from 1986, through the introduction of structural adjustment programme (SAP) in Nigeria, It starts its existence in 1986, but it was officially legalized in March 1988, when the Nigerian Heads of state, Ibrahim Badamous Babaginda Promulgated a degree establishing the technical committee on privatization and commercialization (TCPC). … Read more
Introduction: What Is The Capital Market? According to Oxford Dictionary, the Capital Market is part of a financial system, which deals in raising funds, which could be in form of Shares, Bonds and other long term Instruments. Also stated by a Popular Magazine, Economic Times, it is a market consisting of buyers and sellers, engaging … Read more
You can put factors affecting economic growth in Nigeria into economic and social factors. This article will discuss those factors that hinder economic growth such as inflation, interest rate, corruption, inability to process raw materials to finished goods, etc. Let us expose these factors that cause economic problems that limits Nigeria, so that we can … Read more
Nigeria economy today is in recession, and consumer price index which measures inflation, stands at 16.10% as at June 2017 as per figures from the Nigeria Bureau of Statistics (NBS). The Government said the economic slump was due to old and inherent structural and economic factors such as continuous reliance on a single commodity – … Read more
I have always rued missing the opportunity of taking a bank credit facility when I had the opportunity, but I ignorantly declined. My retraction was due to my fears and complete naivety, owing to some of mother’s stories about the loss of a family building due to a failed bank loan. Somehow, she had psychologically … Read more
See the The Role of Tourism in Economic Development in Nigeria. Tourism is the activity of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year. Mathieson and Wall (1982) created a good working definition of tourism as “the temporary movement … Read more
The world bank started in 1944 in the town of Bretton Woods, New Hampshire in the United states of America after a meeting by 44 delegates. The world bank has some affiliates and they are: the international development association (IDA), the international bank for reconstruction and development (IBRD), the international center for settlement of investment … Read more
INTRODUCTION Nigeria is a democratic country. Nigeria being democratic will suggest to any foreign reader that Nigeria often conducts election from time to time. Yes, this is very correct. In 1999, when the military finally handed over to democratically elected government, a constitution was hurriedly drafted to guide the various ethnic groups that make up … Read more