The term entrepreneur ( /ˌɒntrəprəˈnɜr/) is a loanword from French and was first defined by the Irish-French economist Richard Cantillon as the person who pays a certain price for a product to resell it at an uncertain price‚ thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise. The term first appeared in the French Dictionary "Dictionnaire Universel de Commerce" of Jacques des Bruslons published in 1723. Over time‚ scholars have defined
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its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key producer of rice‚ cocoa and palm-oil in West Africa. (See Appendix 1).Nigeria belongs to a number of economic blocs
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The educational System of Nigeria OVERVIEW Education in Nigeria is the shared responsibility of the federal‚ state and local governments. The Federal Ministry of Education plays a dominant role in regulating the education sector‚ engaging in policy formation and ensuring quality control. However‚ the federal government is more directly involved with tertiary education than it is with school education‚ which is largely the responsibility of state (secondary) and local (primary) governments. The education
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Climate Change in Nigeria Climate change has always occurred in different Nigeria; however the effects have become more noticeable recently over the years. The effects have affected the daily lives of many for better or worse. A peer reviewed research done by an unknown source‚ which was accepted by the Journal of Geography and Regional had concluded that the average temperature of Nigeria has increased by 1.7°C in the period of 1901-2005. The increase has however been higher in semi-arid areas
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Article: 2 Problems and Prospects of Open and Distance Education in Nigeria Mudasiru Olalere YUSUF (Ph.D) Senior lecturer (Educational Technology) Department of Curriculum Studies and Educational Technology‚ Faculty of Education University of Ilorin‚ Ilorin NIGERIA ABSTRACT Distance education as a mean of providing access to education‚ particularly tertiary level education‚ has gained great prominence in the world. Nigeria has taken giant steps of recent to introduce open and distance education
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Shell Oil in Nigeria 1. What are some of the factors explaining why corruption and bribery are so high in Nigeria? Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption‚ bureaucratic corruption‚ electoral corruption‚ embezzlement‚ and bribery. Corruption has even been said to be a viable enterprise in Nigeria due to the involvement of citizens‚ government officials‚ and private
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Applied Econometrics and International Development. AEID.Vol. 5-2 (2005) MONETARY POLICY AND MACROECONOMIC INSTABILITY IN NIGERIA: A RATIONAL EXPECTATION APPROACH FERIDUN‚ Mete * FOLAWEWO‚ Abiodun OSINUBI‚ Tokunbo Abstract Generally‚ both fiscal and monetary policies seek at achieving relative macroeconomic stability. Based o countries’ experience on n the role of monetary policy in controlling economics instability‚ this study examines the efficacy of monetary policy in controlling
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(1998) Fiscal Federation‚ Revenue Allocation Formula and Economic Development in Nigeria. Nigeria Financial Review‚ Vol. 7‚ No. 3‚ pp.33-54. Nyong‚ Michael (2003) “Fiscal Federalism‚ Revenue Allocation Formula and Economic Development in Nigeria”‚ in Ekpo‚ Akpan H. and Ubok-Udom‚ Enamidem (ed.) (2003) Issues in Fiscal Federalism and Revenue Allocation in Nigeria‚ Uyo: University of Uyo‚ pp.407-445. Obi‚ C. (1998) The Impact of Oil and Nigeria’s Revenue Allocation System: Problems and Prospects for National
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British in 1903. Boko Haram which means “Western or non-Islamic education is a sin” was founded in 2002 by Ustaz Mohammed Yusuf‚ a religious teacher‚ in Maiduguri. The group resists not only Western education but also the western culture and modern science. They do not believe that the earth is round or in Darwinism. They also do not participate in voting during elections as they believe that the country is run by non-believers. The group‚ officially known as Jama’atu Ahlis Sunna Lidda’awati wal-Jihad
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Organizational Management Seminar 5311 Royal Dutch/Shell in Nigeria (A) As described in the Harvard Business School case Royal Dutch/Shell in Nigeria (A)‚ the primary issue facing Shell is scrutiny over their involvement‚ or lack of involvement‚ in the civil unrest between the Nigerian government and a group of activists representing the Ogoni people – one of Nigeria’s 240 minority tribes. Publicly the conflict is between the Nigerian government and the Ogoni people. However the core of the
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