success or infrastructure quality suggest that much of this expenditure was conceived too hastily and ended up largely leading to waste and corruption. Weak institutions and poor governance have contributed substantially to Nigeria’s public debt problems‚ as the majority of projects financed by public borrowing during the late 1970s and 1980s failed to generate an adequate rate of return needed to improve the repayment capacity of the country. Thus during the 1970s‚ public expenditure was primarily
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modern life‚ poverty reduction and economic growth of any nation. Yet‚ for the past three decades‚ inadequate of electricity has been a regular feature in Nigeria‚ a country with about 150 million people. The electricity industry‚ dominated by National Electric Power Authority (NEPA) and later succeeded by the Power Holding Company of Nigeria (PHCN) with complementation form the states-owned electricity utility‚ has been unable to provide and maintain acceptable minimum standard of service availability
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THREE YEARS OF GSM REVOLUTION IN NIGERIA By Ernest C. Ndukwe‚ Executive Vice Chairman‚ Nigerian Communications Commission (NCC) INTRODUCTION ♦ Telecommunications is acknowledged as one of the most important infrastructures essential to the socio-economic well-being of any nation. ♦ The globalisation of world economy has further amplified the importance of telecommunications to the economy. ♦ The Telecommunication Sector is one of the fastest-growing sectors‚ and in terms of capitalization
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Most people believe slavery died hundreds of years ago in the late 1800 hundreds. Little do they know that slavery is still very much alive in the world today. Kevin Bale‚ a human rights professor goes into depth informing the public of an issue many don’t bring up due to the assumption that is has been completely abolished‚ or that it is too sensitive of a subject to discuss. Slavery is the state of being forced too work without pay under the threat of violence and being unable to walk
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the U.S began to make many renovations and entered an era of prosperity known as industrialization. The economy seemed to be doing well due to the advancements brought by industrialization‚ but this wasn’t necessarily the case. Many economic and social issues arose‚ which called for immediate attention. Jane addams attempted to resolve some of these issues by focusing on poverty‚poor living conditions‚low wages‚ and lastly americanizing immigrants.John sinclair however‚shown some light of the meat
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ECON1101 Essay: Petrol subsidies in Nigeria Nigeria‚ an oil-abundant nation‚ produces two million of barrels of crude oil a day‚ though despite this‚ it relies solely on importation to sustain its refined-fuel needs. This is because its four refineries fail to function effectively and continue to operate beneath capacity. Governmental mismanagement and political corruption are some of the reasons why Nigeria’s refineries remain in this state. The Nigerian government therefore implemented subsidies
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NAME: NDUKA MARY C. COURSE: ENTREPRENEURSHIP MATRIC NO:126072034 History of Entrepreneurship in Nigeria Tradition is an inherited pattern of thought or action. It refers to a specific practice of long standing. It is also an established custom or tradition – a custom that for a long time has been an important feature of some cultural … group‚ tribe‚ ethnic group‚ society‚ nation etc. Traditional means: when a practice consists of a method or procedure and this is derived from tradition. This
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President Goodluck Jonathan yesterday presented a budget proposal of N4.2 billion to the joint session of the National Assembly with emphasis that job and wealth creation for teeming unemployed Nigerians would top the agenda of his administration in the coming fiscal dispensation. The initial schedule of the president to make the presentation at 12 noon yesterday at the green chambers of the House of Represents‚ was rescheduled to 2 p.m. He was later accompanied to the venue by his Special Adviser
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A Brief History of Nigeria The history of Nigeria is bound up with its geography. Nigeria is located above the inner curve of the elbow on the west coast of Africa‚ just north of the equator and south of the Sahara Desert. More than two hundred ethnic groups—each with its own language‚ beliefs‚ and culture—live in present-day Nigeria. The largest ethnic groups are the mostly Protestant Yoruba in the west‚ the Catholic Igbo in the east‚ and the predominantly Muslim Hausa-Fulani in the north. This
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develop more of these? In a nutshell: 1. Innovation is something that is created as “new”. * According to Marion Hembrick: Deliberate use of resources to create something new whether a new product‚ process‚ policy or procedure. Ex: An example of an innovation is that of a three-wheel car in 1886 by Mercedes Benz. * People use innovations for competitive advantage or to increase market share or ta have a better system‚ but is innovation alone essential in an existence of an organization
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