The Modern Nigerian Economy Nigeria is located on the west coast of Africa and is the most populous black country in the world‚ bordering the North Atlantic Ocean‚ between Benin and Cameroon. Nigeria covers 356‚668 sq miles and is about the same size as California‚ Nevada and Utah combined. Nigeria is diverse in people and culture. Oil-rich Nigeria‚ long stunted by political instability‚ corruption‚ inadequate infrastructure‚ and poor management‚ is undertaking some reforms under a new reform-minded
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cost.” This is because any single one of them (the manipulators) “cannot appear as what he really is in the political economy of Nigeria. He has to find a cover. He cannot claim political leadership openly on the grounds that he is‚ or wants to be‚ an exporter-importer‚ a contractor (etcetera)… he has to take cover as a Muslim or Christian … the manipulation of religion in Nigeria today is essentially a means of creating the context for this
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INTRODUCTION Nigeria like most developing nations of the world is faced with myriad of problems and harsh realities which include poverty‚ unemployment‚ conflicts and diseases. These situations pose great challenges to the very existence of individuals in most developing nations thereby calling for the training of educated man and women who can function effectively in the society in which they live in. available information by National Universities Commission (NUC) (2004) reiterate the massive
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The major difference between a command economy and a market economy is that a command economy is told what to do by the government. A market economy does things for the people‚ the people decide what they want. The command economy is told what to produce‚ who to produce to‚ and how to produce by the government. The market economy is told is told what to produce‚ who to produce to‚ and how to produce by the people. I think that profit is the best one because you will still have money left over after
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in a rented apartment while she is carrying that bag o.” The truth is‚ this is now the norm in the entertainment industry. People try so hard to live the glamorous life‚ thus struggling on a daily basis to maintain the high life. Entertainers in Nigeria today now want to live like our American counterparts who obviously earn more money and have a better structured system where they are paid royalties. A system where credit facilities are available‚ such that you can drive a $100‚000 car without having
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several different ways. The two main economies that seem to act as basic levels of functioning economies are command economies and market economies. These two economies work in various ways and provide interesting things for consumers and businesses. However‚ even though a command economy and a market economy have various similarities and differences‚ a market economy is ultimately more beneficial for a country. Command economies and market economies have different degrees of government
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MARKET ECONOMY | PLANNED ECONOMY | * The market economy is not run by a high authority. Instead it is run by many individuals regarding production‚ consumption and work. * The market is free and prices can be of a wide range * The market economy is intended for a middle/upper class. This is because people can earn as much money as they want‚ upper class people don’t have to distribute a profit evenly. * The theory of the market economy is to give people the capability to earn as much
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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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Chris Rudy Issue analysis 4/29/20710 The global economy has expanded exponentially since the beginning of the 20th century. A very important issue that has come to develop in the last thirty years is the global economy more or less abandoned a fixed currency system and using the modern floating currency/exchange model in an attempt to regulate markets in the newly developed foreign market economy. But what effects‚ both positive and negative have there been in the adoption of a floating model
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Devastating Effect of Flooding in Nigeria SUMMARY Floods are among the most devastating natural disasters in the world‚ claiming more lives and causing more property damage than any other natural phenomena. In Nigeria‚ though not leading in terms of claiming lives‚ flood affects and displaces more people than any other disaster; it also causes more damage to properties. At least 20 per cent of the population is at risk from one form of flooding or another. In Nigeria‚ flood disaster has been perilous
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