A HISTORICAL ANALYSIS OF NATIONAL ECONOMIC EMPOWERMENT AND DEVELOPMENT STRATEGY (NEEDS) AND HER CONTRIBUTION TO POVERTY ALLEVIATION IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
INTRODUCTION
National Economic Empowerment Development strategy (NEEDS) is described as a Nigeria’s plan for prosperity, popularly Christened a “Home grown programme” by the formal president of Nigeria Chief Aremu Olusegun Obasanjo, it is a four years medium term plan for the period of 2003 to 2007.1 NEEDS is a Federal Government plan, which also expects the state and local governments to have their counterpart plan i.e State Economic Empowerment and Development Strategy (SEEDS) and the Local Government Empowerment & Development Strategy (LEED) respectively. Since according Nwachuku development planning must be controlled and directed toward the desire goals.2 It is imperative for the federal government to include not all levels of government towards moving the same direction but sick all and sundry namely: the private sector, the non-governmental organizations (NGOs) and the general public in cooperative activities in pursuit of developmental goals,.
However, like the previous development planning especially from the first attempt in 1946 and in the opinion of scholars like Rodney Obikeze and Obi,3 NEEDS as a plan contains all the envisaged policies and programme of the federal government. It is not only a macro-economic plan document, but also a comprehensive vision, goals and principles of a “New Nigeria” through re-enacting core Nigeria value like respect for the elders, honesty, accountability, corporation, industry, discipline, self confidence and moral courage. As established NEEDs document, “NEED” significantly want to eradicate poverty and promote self-reliance, entrepreneurship innovation, and rewards hard work. As rightly observed by the National Planning Commission and Central Bank of Nigeria 4
Thus, development plans is not understood in terms of economic development alone and so to scholars like Todaro and Rodney 5 it is multi dimensional.
1.2 OBJECTIVES OF THE STUDY
Evaluating the present Government policy via its achievement of ‘NEEDs’ core objective seem to portrait the government no different from the .previous ones in ways and manner of pursuing and realizing the ideals of her development plan. However, this research work is designed to understand the imperative path to be followed by the federal government at achieving desired goals, and dissert the way it does things.
Osagie, however laments on this approach to economic analysis when he writes that:-
“Ideological confusion and mystification encouraged by naïve ideologies have successfully diverted attention from real issues to peripheral and esoteric click-ridden polemics along narrowly focused dogmatic lines. This attitude to analysis of economic phenomena in Nigeria tends to produce simplistic solutions to problem which give the impression that either economist are unrealistic in their analysis.”6
Thus, the objective of this research work is to awaken the government of its weaknesses, because it is evident that the government has not achieved much of the professed objectives of NEEDs which are: employment generation, poverty reduction, wealth creation and value reorientation, in any significant measure in the medium term, if any thing, the impact has not been evident on the general well being of Nigerian.
Related Project Materials
THE IMPACT OF ACCOUNTING ON INTERNATIONAL FINANCIAL REPORTING COMPLEXITIES
ABSTRACT
This research assesses THE IMPACT OF ACCOUNTING ON INTERNATIONAL FINANCIAL REPORTING COMPLEXITIES, with objectives to identify k...
THE TELEVISION AND ITS IMPACT ON THE SENSITIZATION OF THE PUBLIC ON THE PREVENTIVE MEASURES AGAINST THE CORONA VIRUS IN NIGERIA
Background of the Study
In the event that a country experiences an outbreak of disease, it is the respo...
INNOVATIONS IN VOCATIONAL TRAINING FOR EMERGING TECHNOLOGIES (E.G., AI, IOT)
Abstract: Innovations in vocational training for emerging technologies such as AI and IoT a...
IMPACT OF GOVERNMENT POLICIES ON VOCATIONAL EDUCATION QUALITY
Abstract: This research examines the impact of government policies on the quality of vocati...
AN APPRAISAL OF THE APPLICATION OF PLEA BARGAINING PROCEDURE IN NIGERIAN CRIMINAL JUSTICE SYSTEM
ABSTRACT
This project titled”An Appraisal of the Application of Plea Bargaining Procedure in Nigerian Criminal Justice System&rdquo...
THE IMPACT OF CULTURAL DIFFERENCES ON FINANCIAL REPORTING PRACTICES
This study explores the impact of cultural differences on financial reporting practices in Lagos State, Nigeria. The objectives are to: (1) assess...
PERCEIVED GENDER COMPETENCE BY ATHLETES IN THE ADMINISTRATION OF SPORTS IN NIGERIAN UNIVERSITIES
ABSTRACT
This study investigated perceived gender competence by athletes in the administration of sports in Nigerian universities. This i...
THE ROLE OF EDUCATED NIGERIA WOMEN IN THE SOCIAL AND ECONOMIC DEVELOPMENT OF OUR COUNTRY
BACKGROUND OF THE STUDY
Over four decade years ago educated Nigerian women we...
DEVELOPMENT OF PILOT SIZE PROCESS FOR ZEOLITE Y AND ZSM-5 PRODUCTION FROM KANKARA KAOLIN
ABSTRACT
The successes recorded at the laboratory for the synthesis of zeolite Y and ZSM-5 using Kankara kaolin sourced from Katsina stat...
IMPACT OF PRICING AND MARKETING OF BEVERAGE
Abstract:- The purpose of this study was to find out the impact of pricing in marketing of beverages in Enugu state using Cadbury...
