INTRODUCTION The 2008 economic crisis affected African nations in the developing world in a very similar way. Nigeria suffered a fall in oil prices ‚ reduction in exports and a downward trend in the stock market whilst South Africa suffered the same effects but rather than crude oil they suffered in the fall of commodity prices. Policies to stimulate the economy are different in terms of trade where Nigeria is more free trade and South Africa became more protectionist after the crisis. The Nigerian economy
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THE IMPACT OF AGRICULTURAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA Articles on this site are extracts from literature review of research projects‚ Get the full Project THEORETICAL LITERATURES The term “Agriculture” has been subjected to different definitions by various experts. As a result Ighodo (1984: 20) defined agriculture as the art and science of the cultivation of crops and rearing of animals for man’s use. He also emphasized that agriculture is also the production of fibres for
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scale businesses in the country had provided job and employment to many citizens. Small scale businesses play crucial roles in the economic development of countries (Ogundele; 2006).They employ more workers than their large scale counterparts. In Nigeria for instance‚ Small Scale Businesses (SSB) Constitutes 85% of all firms operating in the economy‚ and like in most other developing countries they employed the largest number of workers. Increasing number of graduates from increasing number of public
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century. After the Dutch lost control of the region it was a juggle of power between other Europeans nations and some North American colonies (Metz 17). Due to the involvement of European nations in the slave trade‚ it caught the attention of other empires – in this case the British – who then became interested in the region and led expeditions to the area. The British entered Nigeria in the 1800s with hopes of military rule‚ trade power‚ and missionary influence (Metz 15). They also came in search of
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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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Term Paper written by Onipede Ibidunni Seun on Capital Gains Tax in Nigeria Introduction Discussing capital gain tax without first presenting a general overview of the entire concept of taxation will be tantamount to putting a cart before a horse. It is therefore very important that justice be done by explaining taxation and various types of taxes. Taxation: A General overview Tax and taxation has been variously defined by different authors. Oyegbile (1996) defines tax as a sum of money paid by
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After Cuba gained independence from Spain in 1898‚ Cuba was not completely independent from any foreign powers until 1902 when it gained full independence from The United States. Although Cubans were mostly happy with this change‚ there were many hardships that Cubans overcame to become a well run independent nation. During the four years that the United States had power over Cuba‚ they had military‚ economic‚ and political rule. Economically‚ Cuba’s sugar crops created a large source of economic
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Nigeria gained its independence on October 1‚ 1960. In 1963 it became a Federal Republic and a member of the Commonwealth of Nations. Nigeria is the most populous country in Africa‚ with about 140 million people (2006 national census) and the largest concentration of Black people in the world. One in five Africans is a Nigerian. There are about 250 ethnic groups‚ with three major tribes constituting over 40 percent of the population: the Hausa‚ Ibo and Yoruba. Other major ethnic/linguistic groups
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something. The term e-commerce is usually used for transactions performed on the Internet‚ and within that‚ usually on the Web. This assignment attempts to find out the types of fundamental changes brought about by EC‚ as well as the reasons why EC is a catalyst of each change. 2. Types of fundamental changes in organization affected by EC. Fundamental changes means global accessibility and sales reach‚ closer relationships‚ free samples‚ reduced costs‚ media breaks‚ time to market and customer loyalty
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are given the freedom to vote for any candidate standing for elections‚ but few democracies give voters the explicit right to reject all the candidates‚ if they find no one suitable. In effect‚ citizens are given the freedom to choose but not to withhold making a choice With the coming of electronic voting machines (EVMs)‚ it was not even possible for voters to invalidate their votes by scratching out ballots or voting for two candidates. The only way to ensure that the vote is not wasted on an undeserving
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