60 per cent from 2006 until 2011‚ reaching an all time high of 23.90 per cent in December 2011. The NBS measures unemployment rate by the number of people actively looking for a job as a percentage of the labour force. In its Economic Report on Nigeria released in May this year‚ the World Bank noted that “Nigeria’s annual growth rates that average over seven per cent in official data during the last decade place the nation among the fastest growing economies in the world noting that the growth has
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ENTREPRENEURSHIP IN NIGERIA By SAHEED AKINMAYỌWA LAWAL Department of Sociology University of Ibadan Nigeria. Tel+234(0)8058536815 Email: akinmayowalawal@yahoo.co.uk Paper Presented at the First African Entrepreneurship Seminar‚ organised by School of Entrepreneurship and Business‚ University of Essex‚ U.K‚ Small and Medium Enterprises Development Agency of Nigeria‚ University of Abuja‚ and Bayero University‚ Kano. Held at Conference Room (Anambra)‚ Transcorp Hilton‚ Abuja‚ NIGERIA. 31st March-2nd
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Perfect competition is a type of market structure where a large number of small firms producing identical products compete without any significant impact on prices or supply. There several factors which are followed in this particular model. Goods which are produced by the firms don’t have any product differentiation‚ in other words‚ they are homogenous and could substitutes each other in consumptions. As firms don’t have any market power and can’t influence prices due to their small size‚ rival
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registered to conduct business in construction‚ real estate‚ civil‚ mechanical and electrical engineering works. Generally‚ housing and infrastructures are big matters in Nigeria‚ like it is with most developing economies in the world‚ and personally I believe Nigeria has the potential to be one of the biggest construction markets on this planet. While the world is still struggling to emerge from the global economic collapse‚ Nigeria’s construction industry is growing fast and is likely to grow astronomically
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CHAPTER THREE THE THREE ERAS OF TAXATION IN NIGERIA General Historical Overview of Taxation Taxes are as old as the history of organised human society. During the reign of the Pharaohs in Egypt tax collectors were called scribes and taxes were collected on various items including cooking oil.1 In the ancient Greek city of Athens‚ taxes were especially important in times of war. The tax imposed during times of war was known as eisphora and no one was exempted from this tax. After the war
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CREDIT MANGEMENT IN NIGERIA BANKS: AJUGWE CHUKWU ALPHONSUS INTRODUCTIONS Credit Management is one the most difficult task facing bankers all of over the world and the case is more pronounced in the Nigeria situation because going through the history of banking in Nigeria‚ one can observed that the major source of bank failures was ineffective credit management that led to accumulation of bad debts. Credit administration is the bane of Nigeria banks and a major source of worry to Regulatory Authorities
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(2007) Educational System in Nigeria Problems and Prospects L. O. Odia1 and S.I Omofonmwan 2 1. Universal Welfare Sustainable Community Development Center‚ Benin City‚ Nigeria 2. Department of Geography and Planning‚ Ambrose Alli University‚ Ekpoma‚ Nigeria E-mail: profomofonmwan@yahoo.com or odialucko@yahoo.com KEYWORDS Education; problems; prospects; standards; research and development ABSTRACT This paper examines the problems and prospects of education in Nigeria. Education is the bedrock of
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Compare & Contrast Report on Guatemala and Nigeria – Teams 3 & 4 Section 1 – Introduction The following report is a compare and contrast of the viability for starting a business in either Guatemala or Nigeria. It will also include some details on the overall business climate of both countries and other geographic‚ social‚ and economic factors. Factors that we will discuss include standards of living‚ education‚ overall economy‚ infrastructure‚ communication‚ transportation‚ geographic‚ climate
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Abstract Rural development of the grassroots has been the concern of every responsible and responsive political system. This is because development and participation have continued to elude people of the grassroots. Development remains insignificant if it does not positively affect the lives of those in the periphery of decision making arrangement. The Nigerian state therefore created local government as the third tier of government whose objective is to ensure effective‚ measurable and efficient
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THE PROBLEMS AND SOLUTIONS OF MANPOWER DEVELOPMENT IN NIGERIA. Omotosho Fatimah Olamide Department of Economics‚ University of Lagos INTRODUCTION The development of indigenous manpower to serve as the propelling force for national growth and development is no doubt a key to Nigeria’s socioeconomic and political development. Manpower utilization could be defined as “the existence of skilled
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