BACKGROUND OF THE STUDY
Although infrastructure investment is widely seen as a critical engine of economic growth, many developing nations, including Nigeria, fall behind in terms of the quality and quantity of critical economic infrastructure. Developing countries...
BACKGROUND OF THE STUDY
Poverty has been on the rise in the Nigerian economy for the past two decades, and the plague was particularly severe in the 1980s. As a result, it becomes critical to use all relevant economic factors to correlate economic growt...
Background to the Study
Since the discovery of crude oil in Nigeria, farming has been plagued by discrepancies and relegation. Agriculture is a vital part of the Nigerian economy. Its importance in economic progress cannot be overstated. According to Umar (2004), agricu...
BACKGROUND OF THE STUDY
A historical examination of the Nigerian economy and its expansion reveals farming as the primary economic sector and the source of foreign exchange. Agriculture accounted for more than 80% of export profits and salaries in the 1...
Background to the study
Shipping has been around for almost 5000 years, with the earliest known marine commerce network connecting Mesopotamia, Bahrain, and the Indus River. Shipping is always evolving, and today's shipping is very different from wh...
The Nigerian civil war, which lasted from 1967 to 1970, disrupted many areas of the economy. If we omit the civil war experience, cyclical fluctuations in oil receipts exercised a significant impact beginning in 1974, according to Okongwu (19...
BACKGROUND OF THE STUDY
Although infrastructure investment is widely seen as a critical engine of economic growth, many developing nations, including Nigeria, fall behind in terms of the quality and quantity of critical economic infrastructure. Developing countries...
Background to the Study
Human economic development will greatly contribute to the promotion of people' interest and aspiration inside the country through well-planned education and training activities (Egwu, 2009). Technical and vocational education...
BACKGROUND OF THE STUDY
The relationship between government expenditure and economic growth has continued to generate series of debate among scholars. Government performs two functions-Protection (and security) and Provision of certain public goods...
BACKGROUND TO THE STUDY
There are typically triumphs and failures in all human endeavors. As a result, businesses are no exception. Many corporate enterprises and people struggled in an era of abundance and waste mania, such as we saw in the mid-seventi...
Background of the study
For some months, the discourse of restructuring has dominated the public sphere, and this theme has been disseminated via the use of digital, print, and electronic media. Restructuring appears to be the in-thing currently in every quarter. Until...
BACKGROUND OF THE STUDY
According to Long (2012), tourism is an efficient approach to reinvigorate the economy of any place and is widely recognized as one of the fastest growing industries in the world. The constant and rapid rise of tourism is not ind...
BACKGROUND OF THE STUDY
A very striking feature of every federal state is the existence of diversities. Whether federations are formed by integration of previously independent entities or through differentiation of a single entity into many components, the...
A HISTORICAL PERSPECTIVE OF NIGERIA’S EXTERNAL DEBT
The management of Nigeria’s external debt has been a major macroeconomic problem especially since the early 1980s. For many years now, the country’s debt has been growing in spite of the efforts being...
BACKGROUND OF THE STUDY
The Nigerian political history dated back to the pre-colonial era. The various ethnic groups had one form or system of political and judicial set up that were distinct and peculiar to each ethnic group.
In the Nor...
Nigeria is the most populous country in Africa with a 2011population of 162.5 million.It possesses28percentof Africanprovenoil reserves, second after Libya, and it is the top producer of African crude oil, producing 24percentof 2010 Africanoil production equaling2.4 million barrelsper day(bpd)(UN...
Background of the Study
Agriculture is the foundation and bedrock upon which the development of stable human community has depended on throughout the whole universe such as rural and urban communities. It is concerned with the husbandry of crops and ani...
BACKGROUND OF STUDY
The oil boom of the 1970s led Nigeria to neglect its agricultural and light manufacturing bases in favor of an unhealthy dependence on crude oil. In 2000, oil and gas export accounted for more than 98% of export earning and about 83%...
BACKGROUND OF THE STUDY
The relationship between government expenditure and economic growth has continued to generate series of debate among scholars. Government performs two functions-Protection (and security) and Provision of certain public goods...
BACKGROUND OF THE STUDY
The Nigerian political history dated back to the pre-colonial era. The various ethnic groups had one form or system of political and judicial set up that were distinct and peculiar to each ethnic group (Agwu, 2019).
Background to the study
Oil, a very versatile and flexible, non-repr...
Background of the Study
Agriculture is the foundation and bedrock upon which the development of stable human community has depended on throughout the whole universe such as rural and urban communities. It is concerned with the husbandry of crops and ani...
BACKGROUND OF STUDY
The oil boom of the 1970s led Nigeria to neglect its agricultural and light manufacturing bases in favor of an unhealthy dependence on crude oil. In 2000, oil and gas export accounted for more than 98% of export earning and abo...
ABSTRACT:- 1956 oil was first struck in commercial qualities in Oloibiri in the present day Ogbia Local Government Area of Bayelsa State. Accordingly, the discovery of oil has brought economic prospect to the nation and environmental degradation to the lives...
Background of the Study
Crime is one major problem, and a burning issue in which every society particularly a developing one is faced with. Nigeria as a developing country faces her own share of social, political, economic and cultural problems at diffe...
BACKGROUND OF THE STUDY
In 2002, an international observation proclaimed the Niger Delta as one of the most volatile regions of the world. This observation came on the heels of incessant crisis which the region have been witnessing for decades but which took alarming di...
EXCERPT FROM THE STUDY
The Niger-delta region in Nigeria is arguably one of the most naturally endowed location on the African continent, apart from having one of the largest crude oil and gas deposits; it is also blessed with scenic canopy of untainted mangrove forest,...
BACKGROUND OF THE STUDY
Nigeria’s economy before independence and shortly afterward largely depended on agriculture. This is because a good number of its citizens are farmers. Intact about 70% of the Nigerian populace then were basically farmers a...
BACKGROUND
The phenomenon of crime has been in existence since time immemorial. From the time Adam disobeyed God in the Garden of Eden to the modern highly complex crime networks, the human society has never been devoid of criminal activities. Human nature is inf...
ABSTRACT
The study examined the effect of public debt on economic growth in Nigeria, using the time frame 2000-2015 (5years). It was established in the study that before the introduction of appropriate government expenditure, public funds were gro...
INTRODUCTION
Since the discovery of crude oil in Nigeria, farming activities has had its fare share of inconsistencies and relegation. Agriculture is a very important sector of Nigeria’s economy. Its role in economic development cannot be overemphasized; umar...
Background of the study
One of the important objectives of macroeconomic policy in has been the rapid economic growth of an economy. Economic growth is defined as “the process whereby the real per capita income of a country over a long period of time.” Econo...
Background to the Study
Economic experts are of the opinion that sufficient investment is necessary for development and economic growth in a country, and they provide the piece of advise that every economy has to amass a high level of cash for investors...
BACKGROUND OF THE STUDY
Over the course of its history, the petroleum sector in Nigeria, which has the bulk of its establishments located inside the Niger Delta Region, has been faced with two issues that have sapped its resources. The predominance of i...
BACKROUND OF THE STUDY
Before the onset of oil exploration in the early 1970s, the Nigerian economy was primarily agricultural. Nigeria was not considered a wealthy country at the time, but the country could feed itself enough and the economy was thriving. At the time,...
BACKGROUND
According to the findings of Ekwenna's (2017) Fleet Expansion Feasibility Study, he discovered that more than 80 percent (by weight) of all worldwide sea-borne trade is dependent on merchant ships for transportation. Ocean transport was absolutely necessa...
BACKGROUND TO THE STUDY
Nigeria, which can be found in West Africa, spans a total of 983,213 square kilometers throughout its landmass. According to estimates provided by the World Bank, the country now has an estimated population of more than 150 milli...
BACKGROUND OF THE BODY
Privatization Appeared on standard dictionaries only in the early 1980s [it appeared in Webster new collegiate Dictionary is one of the radical methods through for thinning the government owned enterprises [which failed to maximi...
Background of the Study
The practise of employing children in labor-intensive jobs is pervasive throughout Nigeria. This is especially true in metropolitan regions (Smart, 2021). Labor is a form of commerce in which the seller (merchant) transports goods (goods or goods...
INTRODUCTION
The process through which the economies of the world are being brought into modern interdependence is referred to as globalization. The twin brother of development is globalization and economic globalization (Omeregbe, 2021). The free flow of ideas, cash fl...
BACKGROUND OF THE STUDY
Housing has been widely regarded as one of the most basic requirements of human life and is a significant economic asset in every country. Adequate housing lays the groundwork for strong communities and social inclusion. Gilbertson et al. (2018)...
INTRODUCTION
The production of alcohol through fermentation has been known since antiquity, with the primary goal of producing alcoholic beverages such as beer and wine. The raw material is palm wine and any feed stuffy rich in carbohydrates, such as wh...
BACKROUND OF THE STUDY
The economy of Nigeria was mostly based on agriculture for a long time until oil drilling began in the country in the early 1970s. At the time, Nigeria was not seen as a particularly wealthy nation; yet, the country was able to su...
BACKGROUND OF THE STUDY
It has been said that Nigeria is the most populous nation in Africa with a population of over 160 million people according to the census in 2006. Additionally, Nigeria's economy is the fourth biggest on the African continent....
Introduction
Organizations are established with the aim of effectively utilizing various available human and non-human resource to achieve certain objective. Among these resources in human, which is commonly seen as the most valuable asset an organization could us...
Background To The Study
ICT (information and communication technology) has altered the manner in which people live, study, work, and associate. According to Tambe and Hitt (2016), ICT is a means through which businesses seek out creative ways of functio...
Background to the Study
Nigeria is still a clear example of a third-world economy in which the expanding economy has some functioning machinery, monetary and fiscal policies that attempt to maintain a balance throughout the whole economy so that growth and development,...
Background of the Study
The Niger Delta is the major hub of the Nigerian economy, but continues to linger in violence occasioned by multifarious social, political and environmental issues. Dudu and Odalonu (2016) confirmed that the Niger Del...
Background to the Study
Agriculture comes from the Latin words "ager," which means "field," and "cultura," which means "cultivation." This shows that crop cultivation was the oldest type of agriculture (Are, Igbokwe, Asadu,...
ABSTRACT
In 2003 the cabotage law was enacted with provisions to empower local investors to take control of the domestic shipping trade and from it develop enough muscle to assume the right of place for Nigeria as a maritime nation in the movement of h...