ON THE SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA CHAPTER 1 1.0 INTRODUCTION Nigeria is by far the most populated of Africa’s countries‚ with more than one-seventh of the continent’s people. The people belong to many different ethnic groups. These groups give the country a rich culture‚ but they also pose major challenges to nation building. Ethnic strife has plagued Nigeria since it gained independence in 1960. Officially known as the ‘Federal Republic of Nigeria’‚ she has a federal form of government
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YOUTH MIGRATION: THE NIGERIAN EXPERIENCE Nigeria‚ one of the less developed countries of the world and the purported giant of Africa‚ is no doubt having enormous challenges becoming a developed country. It is faced with the problem of bad roads‚ which is the major cause of death in the country. It is not going anywhere with the various self-centered policies made by the legislators. Religious and ethnic crises have plagued the country worse than the historic religious times of Egypt. Our educational
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With the industrialization in America came an increasing demand for labor. At that time‚ a large majority of Americans still lived on the farms. Those that did live in urban area were those of skilled labor such as independent craftsmen and small businessmen. The challenge faced by factory owners was recruitment. One popular form‚ specifically utilized by textile mills‚ was enlisting young women in their late teens or early twenties. This became known as the Lowell or Waltham System. Although
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Karl Marx and Industrialization The 1800s arranged the foundation for today ’s world and witnessed the growth of big business‚ government development‚ advancement of new technologies and formation of novel philosophies about social order. Karl Marx‚ a German philosopher and politician made it his life’s work to logically understand capitalism and nurture revolutionary groups during this industrializing period. The idea of capitalism is one where there is private ownership over any product or service
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producing country’s economy; this is particularly true of the OPEC nations including Nigeria. The oil and gas Industry is divided into three major sectors namely the upstream‚ midstream and downstream. Nigeria has an abundance of oil and gas resources to justify subsidized and‚ in fact‚ low energy prices but unfortunately‚ current oil and gas production per capita is relatively very low which implies that Nigeria cannot currently afford to maintain low energy prices for its citizens. Upstream Activities
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| The effect of Industrialization and Urbanization on the average working American during 1865-1900 | Sheree Barnett | HIS105: Contemporary US HistoryProfessor A LewisStrayer University | | 7/23/2012 | | Industrialization and urbanization played a major role in the economy during the period of 1865 to 1900. During this time Industrialization and urbanization was present in the north and gradually moved throughout the country. The affect this had on the average working American
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dividend per share for company j in year t; Dividendj‚t refers to amount of dividend paid by company j in year t; and EQCapj‚t refers to paid -up equity capital for firm j in year t.Equity capital is employed instead of the usual number of outstanding shares in the denominator as it facilitates comparison of rupee dividend paid per share by removing the impact of different face or par values Dividend payout ratio (PR) is computed as: PR j‚t = Dividendj‚t
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Teachings and Jihad جماعة أهل السنة للدعوة والجهاد Participant in the Nigerian Sharia conflict Active 2001– Ideology Sharia law Islamic fundamentalism Leaders Mohammed Yusuf † Abubakar Shekau[1] Mallam Sanni Umaru Abu Zaid – spokesman[3] Headquarters Kanamma‚ Nigeria Area of operations Northern Nigeria Opponents Nigerian State Battles/wars Nigerian Sharia conflict 2009 Nigerian sectarian violence Nigerian Sharia conflict 1953 Kano riot Warri Crisis 2000 Abuja
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Published Date: January 30‚ 2010 Domestic Debt and the Nigerian Economy I. Adofu and M. Abula Departm ent of Eco nom ics‚ Kogi S tate University‚ A nyigba‚ Nigeria Abstract: The study investigates the empirical relationship between domestic debt and economic grow th in Nigeria. Using OLS regression techniques and the time series data from 1986 – 2005‚ the study explored the relationship betw een d ome stic deb t and economic growth in Nigeria. Our result shows that domestic debt has affected the growth
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British Colonizing in Nigeria In the late 19th and early 20th century‚ Europeans had raced to colonize the country Africa. Great Britain was the leaders at this time in colonizing the land filled with rich natural recourses. These recourses were considered a necessity to the industrialization of the world‚ specifically Nigeria. During this colonization that Great Britain was doing in their new land‚ you could imagine that the locals were not too happy about this. The British had no respect for
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