Research Journal ISSN: 2302-4593 Vol. 2 (5): 102 - 115 The impact of petroleum on economic growth in Nigeria Michael Baghebo Niger Delta University‚ Bayelsa State‚ Nigeria baghebomichael@yahoo.com Timothy Okule Atima Niger Delta University‚ Bayelsa State‚ Nigeria Abstract The study examines the impact of petroleum on economic growth of the Nigerian economy. Data covering the period 1980-2011 was collected from the Central Bank of Nigeria Statistical Bulletin‚ and transparency international Agency
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to a lower steady-state consumption per worker. c. A temporary rise in s has no effect on the steady-state equilibrium. d. The increase in the labor force participation rate does not affect the growth rate of the labor force‚ so there is no impact on the steady-state capital-labor ratio or on consumption per worker. However‚ because a larger fraction of the population is working‚ consumption per person increases. Question 4 How would each of the following affect the national saving‚ investment
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as cousins‚ uncles‚ nephews and nieces‚ grand-parents and family friends‚ which is why it is called a large family. Nuclear family on the other side is a relatively small family which consists majorly of the father‚ mother and children only. In Nigeria and mostly other African countries‚ the large family is usually more dominant. The advantages of a large/extended family are among others highlighted below: -It has a lot of members and there is more than one earning member in a large family. That
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South African Unemployment The Republic of South Africa‚ while certainly taking forever to do so‚ made monumental leaps with regards to civil rights when in the early 1990s when the government repealed Apartheid legislation and had its first universal elections held in 1994. A quick look at GDP numbers and you would find that South Africa has the largest economy in Africa‚ and so without delving deep into it one might think that the economy and country have been prospering post Apartheid. After
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the right country‚ the United States‚ at the right time (1930)”. None of us has a say in where he is born‚ but we can do something about it for our children. I therefore wish to discuss each factor associated with quality of life as related to Nigeria and plead for suggestions from all of us on how to improve on them so as to make this country a good place for us to live: * Material wellbeing as measured by GDP per head: The gross domestic product (GDP) or gross domestic income (GDI) is
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richest countries in resources in Africa – Nigeria. I want to explore in particular the negative and positive effects that oil prospecting has had in the Niger Delta region of Nigeria‚ economically‚ socially and environmentally. I also wish to analyze the extent to which the Nigerian government is responsible for the region’s lack of economic prosperity. My hypothesis is that the involvement of foreign companies in oil extraction has had a mostly negative impact on the region and its people. The aim of
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Computer continues to play an ever-increasing role both in our everyday lives and in organisation of all types. Within these organisations the impact of computerisation results in tremendous change and presents management in many situations with one of the most difficult of all contemporary challenges. Over the last decade‚ the rise in the importance of information and knowledge for business activity has become phenomenal (Marji and Philip‚ 2005). Information is now critical for the management
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Joint Africa Institute Seminar on the Role of Parliamentarians in Promoting Good Public Financial Management and Accountability in Africa Tunis‚ November 19-23‚ 2007 Public Financial Management and Corruption[1] Public Financial Management (PFM) ordinarily covers the management of government revenue‚ expenditure and cash. Corruption defined as the diversion of public resources for private use can affect any of these operations‚ at the level of the national and sub-national administrations. This
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For the two career websites‚ I choose Monster.com and CareerBuilder.com. When I was on both websites looking for a job I noticed that on Monster.com there weren’t as many job listings as CareerBuilder.com‚ in addition Monster.com didn’t have as many options to narrow down specific job titles or certain companies like CareerBuilder.com had. Also while comparing the two websites I noticed that in Monster.com the descriptions for the job titles didn’t have as much information as CareerBuilder.com had
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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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