After an initial lag in 1973 and 1974‚ when large surpluses were saved and invested abroad‚ consolidated public expenditure accelerated rapidly: by 1976 it absorbed the entire oil windfall (Figure 2). By 1977 combined federation and states capital expenditure increased six fold over their 1970 level. Public capital expenditure accelerated so strongly that it alone accounted for the spending of more than half of the entire oil windfall. However‚ Nigeria’s continued failure to improve its ranking
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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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Igbinedion University Okada Eighth Convocation Lecture By Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Convocation Lecture delivered at the Igbinedion University Eighth Convocation Ceremony‚ Okada‚ Edo State‚ November 26‚ 2010 GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria 1.0 INTRODUCTION Nigeria’s economic aspirations have remained that of altering the structure of production
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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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things have in common? The answer is rather simple: World War II. While this bloody conflict can be characterized by a variety of acts‚ both evil and honorary‚ the focus here‚ will be on the depraved nature of Hitler’s death camps. After reading Survival in Auschwitz by Primo Levi‚ I was a Doctor in Auschwitz by Gisella Perl‚ and This way for the Gas‚ Ladies and Gentlemen by Tadeusz Borowski‚ one can begin the interpret the true meaning of the age ole phrase “Hell on Earth.” In the following pages
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EDUCATION IN EASTERN NIGERIA: Being a Summary of an Essay Paper. BY Leechichi Okpechi Introduction The high performance of people from eastern part of Nigeria in areas of business‚ trade‚ farming and handiwork seem to trigger a curiosity to explore into its primary reasons. Some admirers have come up with the explanation that their traditional education coupled with great level of efforts and unconditional devotion to customs make the difference. This is because education for the
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President Goodluck Jonathan yesterday presented a budget proposal of N4.2 billion to the joint session of the National Assembly with emphasis that job and wealth creation for teeming unemployed Nigerians would top the agenda of his administration in the coming fiscal dispensation. The initial schedule of the president to make the presentation at 12 noon yesterday at the green chambers of the House of Represents‚ was rescheduled to 2 p.m. He was later accompanied to the venue by his Special Adviser
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Trialani V. Hill Professor Vickers ENC 1101 March 21‚ 2013 College Survival Guide College is exceedingly important‚ it grants a fantastic opportunity for students to get and work with leaders and experts in their chosen field. College opens countless doors and provides many benefits. Students who attend college generally meet higher skill levels than does that don’t. Skills like being organized‚ paying attention in class and having a good relationship with your professor
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A Brief History of Nigeria The history of Nigeria is bound up with its geography. Nigeria is located above the inner curve of the elbow on the west coast of Africa‚ just north of the equator and south of the Sahara Desert. More than two hundred ethnic groups—each with its own language‚ beliefs‚ and culture—live in present-day Nigeria. The largest ethnic groups are the mostly Protestant Yoruba in the west‚ the Catholic Igbo in the east‚ and the predominantly Muslim Hausa-Fulani in the north. This
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The Choice to Survive Bob Marley once stated‚ “You never know how strong you are‚ until being strong is the only choice you have”. If one looks into these words they would see that survival is an option‚ but the choice to survive comes from within a person‚ in a hard situation. To do this there are three main traits that a survivor must possess. Surviving is a choice done through faith‚ hope‚ and strength. By having tremendous faith‚ one can decide to survive through difficult situations. Faith
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