THE EFFECTS OF GOVERNMENT POLICY AND CORRUPTION ON NIGERIA’S ECONOMY CONTENTS General Economy of Nigeria (Introduction) Colonial Economy and Independence Coups‚ Military Government and the Biafra War Current Civilian Governance and Institutionalized Corruption Summary List of References GENERAL ECONOMY OF NIGERIA (INTRODUCTION) Nigeria is a third world country located in West Africa. It is bound by Niger Republic and Chad to the north‚ the Atlantic Ocean to the south‚ Cameroun
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Central Bank of Nigeria BANKING REFORM AND ITS IMPACT ON THE NIGERIAN ECONOMY Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria Being a Lecture delivered at the University of Warwick’s Economic Summit‚ UK 17th February‚ 2012 Prepared by the Research Department of the Central Bank of Nigeria Protocol 1. It is a great honor to be invited to address the Warwick Economic Summit‚ which has become one of the largest academic conferences in Europe. I wish to commend
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4.2 MAJOR CONTRIBUTIONS OF MINERALS TO THE ECONOMY IN NIGERIA Mineral resources contribute majorly to the Nigerian economy in d following ways; 1) Sources of raw material for allied industries As we can see from the minerals highlighted above‚ minerals are major source of raw materials in industries e. g gold used for jewelries‚ limestone for cement‚ and so on. Organic deposits like coal and petroleum products like natural gas are used in powering machines in the industries. The raw materials
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telephone lines or the Global System of Mobile Communications (GSM). Communication without doubt is a major driver of any economy. Emerging trends in socio-economic growth shows a high premium being placed on information and communication technology (ICT) by homes‚ organizations‚ and nations. Nigeria is not left out in this race for rapid development as the nation’s economy has been subjected to years of economic reversal via mismanagement and bad leadership. The Nigerian telecommunications sector
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Direct impact of FDI on poverty reduction FDI’s direct impacts on poverty may work through providing opportunities‚ particularly providing jobs and training to local workers. To the extent that foreign capital inflows do not replace local investment absolutely and foreign investment takes the mode of green- field investment FDI may contribute to reducing existing unemployment and underemployment‚ providing people with income and therefore directly contributing to poverty reduction. In this sense
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EFFECTS OF MONETARY POLICY INNOVATIONS IN NIGERIA: A STRUCTURAL VECTOR AUTOREGRESSIVE (SVAR) APPROACH Chuku A. Chuku1 University of Uyo‚ Nigeria. chukuachuku@gmail.com ABSTARCT Correctly identifying the effects of monetary policy innovations is necessary for good policy making. In this paper‚ we carry out a controlled experiment using a structural vector autoregression (SVAR) model to trace the effects of monetary policy shocks on output and prices in Nigeria. We make the assumption that the Central
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References: Review and Analysis of Data: The facts about savings and investment in Indian economy can be better understood from a short article from Indian Express‚ August 18‚ 2012
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I. Overview of FDI FDI – Foreign Direct Investment Foreign direct investment (FDI) occurs when a firm invests directly in new facilities to produce and/or market in a foreign country. Once a firm undertakes FDI it becomes a multinational enterprise. FDI can be: Greenfield investments - the establishment of a wholly new operation in a foreign country. Acquisitions or mergers with existing firms in the foreign country. The flow of FDI refers to the amount of FDI undertaken over a given time
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Education and Research Macro Economics Assignment On Foreign Institutional Investment (FII) Submitted To- Submitted By- Dr. A.K. Sharan Nasir Jalal Roll No. - 29 ABSTRACT Most of the under developed countries suffer from low level of income and capital accumulation. Though‚ despite this shortage of investment‚ these countries have developed a strong urge for industrialization
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Countless people muddle advertising with marketing and the other way around. Actually‚ both the strategies are uniformly important but have differences too. To put a firm on the fast track of success‚ one must be well-familiar with the differences between advertising and marketing. The term advertising is a mode to describe or present a product or a service in front of general public‚ to induce them to buy‚ acquire or support that product. Basically‚ advertising involves three basic elements:
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