INTRODUCTION: The natural resources of any nation‚ particularly the minerals‚ often constitute the lion share of the nation ’s wealth. It is known that oil and gas sector is driving sector of any oil producing country’s economy; this is particularly true of the OPEC nations including Nigeria. The oil and gas Industry is divided into three major sectors namely the upstream‚ midstream and downstream. Nigeria has an abundance of oil and gas resources to justify subsidized and‚ in fact
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NIGERIAN ECONOMY/GDP AND PRODUCTION Nigeria recorded a Current Account surplus of 11.60 percent of the country’s Gross Domestic Product in 2011. Current Account to GDP in Nigeria is reported by the African Economic Outlook. Historically‚ from 1980 until 2011‚ Nigeria Current Account to GDP averaged 1.2 Percent reaching an all time high of 37.9 Percent in December of 2008 and a record low of -18.7 Percent in December of 1986. The Current account balance as a percent of GDP provides an indication
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Running head: TAXATION AND PRIVE CONTROL ON THE ECONOMY Taxation and Price Control on the Economy March 22‚ 2009 Taxation‚ a system of raising money to back our government‚ in which all governments require payments of money-taxes-from people. The government use tax money to pay for expenses that are well needed such as: the service of America soldiers‚ police officers service‚ hospitals and the list go on. Without taxes to fund its endeavors‚ the government could not exist. Is the tax levied
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FDI and Economic Growth: Evidence from Nigeria By Adeolu B. Ayanwale Department of Agricultural Economics Obafemi Awolowo University Ole-Ife‚ Nigeria AERC Research Paper 165 African Economic Research Consortium‚ Nairobi April 2007 THIS RESEARCH STUDY was supported by a grant from the African Economic Research Consortium. The findings‚ opinions and recommendations are those of the author‚ however‚ and do not necessarily reflect the views of the Consortium‚ its individual members or the
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rubber. Starting from a low technological base after political independence in 1960‚ the country embarked on the arduous task of building a state with one identity by integrating the different ethnicities and transforming the barter economy into financial exchange economy. The country provided infrastructure and social amenities for a very young population. Over the years‚ policies were pursued in order to achieve the goal of a balanced national development that reflects the “Federal Character” of
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THE ROLE OF RELIGION IN NIGERIAN POLITICS AND ITS SUSTAINABILITY FOR POLITICAL DEVELOPMENT Oluwaseun Olawale AFOLABI‚ PhD (in view) (Ibadan) Institut Français de Recherche en Afique (IFRA) - Nigeria Research Fellow‚ Institute of African Studies‚ University of Ibadan‚ Nigeria. Abstract Nigeria has a pluralistic State has taken religion to a position of importance in every facet of her politics. The nation is the most populous country in West Africa vest with religious diversities: Christianity
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livewire of Nigerian economy‚ Nigeria being an agrarian nation can’t de-emphasize the importance of agriculture not only to her economy but also to general well being of the populace. The basic importance of agriculture in Nigeria include but not restricted to provision of food for all‚ provides employment for about 70% of the populace‚ source of family and national income‚ generate savings both external and internal revenue among others. Agriculture which was the livewire of Nigerian economy
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The STP Process in Marketing Management By Chrissy Rice‚ eHow Contributor Print this article STP stands for segmentation‚ targeting and positioning. STP‚ which stands for segmentation‚ targeting and positioning‚ is a fundamental concept in marketing management. It is usually the first step in developing a marketing plan. The three parts of the concept maximize exposure and market saturation by looking at the most important factors that impact how a good or service will be received.
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NIGERIA AND SOUTH AFRICA Folorunso S. Ayadi University of Lagos Felix O. Ayadi Texas Southern University Abstract This paper investigates the impact of the huge external debt‚ with its servicing requirements‚ on economic growth of the Nigerian and South African economies. The external debts of Nigeria and South Africa are analyzed in a new context utilizing traditional‚ but innovative‚ models and econometric techniques. The Neoclassical growth model‚ which incorporates external sector‚ debt indicators
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Journal of Management and Corporate Governance © 2010 Cenresin Publications www.cenresin.org Volume 2‚ December 2010 INVESTIGATING THE RELATIONSHIP BETWEEN VAT AND GDP IN NIGERIAN ECONOMY Denis Basila Department of Accounting Adamawa State University‚ Mubi‚ Nigeria denis.basila@yahoo.com ABSTRACT This study is an empirical investigation into the relationship between Value Added Tax (VAT) and Gross Domestic Product (GDP) in Nigeria. This research is significant for planning and policy formulation
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