Essay About Made In Nigeria Business

Nigeria is a country with abundant resources and the potential to be a very powerful nation, but it is hampered by many problems. These problems are caused by Nigeria’s colonization by England. Because of this intrusion on their way of life, their future was altered dramatically. The nation of Nigeria as a whole has suffered greatly as a country because of this colonization, its problem is rooted in the way it was colonized and ruled.

Development in Nigeria: A Political and Economic Challenge ... (n.d.). Retrieved January 23, 2017, from http://www.bing.com/ McQuail, D. (2005). McQuail's mass communication theory. London: Sage Publications

Nevertheless, such facts about Nigeria as fear of Ebola epidemics spreading across its territory, growing rates of corruption, a presence of Boko Haram Islamist group, and a great dependence of the national currency from oil prices stand against drawing Canadian companies to it. In this case, understanding and possibility

Nigeria has become the fastest growing country in Africa, its coastal ports are the heart and soul of its economy. Since its creation by the British Empire, there has been a civil breakdown and conflict among its tribal leaders. However, their religious understanding between Islam and Christianity has kept them at peace amidst themselves throughout time. The last few years, the government has developed itself into a functioning federation, the people are able to notice how outside influence has improved their daily lives.

Okeke,2014. Pressure groups and policy process in Nigeria: a case of fourth republic. Nigeria: Vincent Onyekwelu Su

That is great news to hear for any nation that has struggled for so long like Nigeria has.

The economic condition of Nigeria has been damaged due to conflict among several competing ethnic, tribal and religious group has limited political stability and led to political strife. As per United Nations, Nigeria has low human development because of the high number of illiteracy among adult population and also due to low life expectancy rate.

Nigeria has a population of around 180 million, making it the most populous country in Africa. Nigeria is located in a region with tropical climate and that can grow variety of crops. With their numerous resources and growing technology they have been able to have positive economic advancement. Nigeria has had improvements in five of the ten economic freedoms. This includes Freedom of corruption, labor freedom, and management of government spending ("Nigeria." Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption.). Nevertheless these large improvements in their economy has not brought human development, where most Nigerians live under the poverty line. This paper will focus on why Nigeria has not been able to use their economic prosperity in the sector of human development, this includes standard of living, health, safety, and basic necessity one needs to live a stable life. We will compare it to the state of Ghana whose economy has also flourished but has been success in human development.

oil in Nigeria. Nigeria’s large supply of high quality crude oil helped Shell climb to the top,

Nigeria is an Agricultural and oil rich nation but characterised by Political instability, corruption, poor

Most children in the Niger delta have little or no education, due to lack of funds from their parents who have lost their lands and have no jobs because of limited opportunities. The Niger delta government and the oil companies have refused to look into the situation; instead they favor their close relations neglecting the masses. Corruption in the Niger delta has led some youths in taking drastic measure in order to put food on their table. For example, Ikechukwu Efe an indigene of the Niger delta said that some of his friends created their own “oil refinery”, which is made up of crude oil in metal barrels with controlled heat from fire woods. This is a dangerous process in refining crude oil but the degree of poverty in the state left his friends with no choice. If only the government of the Niger delta have created jobs with the wealth of the state Ikechukwu’s friend would not have to put their lives in danger. Until corruption is put to an abrupt the people of the Niger delta will continue to live in poverty.

The organization of the Nigerian economy is a characteristic of an underdeveloped country. Over half of the gross domestic product (GDP) is accounted for by the primary sector with agriculture remaining to play a significant part. The oil and gas sector, in particular,

An expensive and modern city of Nigeria that sparkles like an ornament in the heart of the country is none other the alluring Abuja. It’s the capital of the country and is speckled with a large variety of many mind blowing and eye-catchy attractions that force tourists from all parts of the world to take a trip to Abuja and have the most memorable time of the life. The modern and latest Nigerian architecture, beautiful rolling terrain and the excellent system of roads leave plenty of people in awe. It is a developing city of Africa that is achieving its milestones with every passing day.

During 2003-2007, Nigeria attempted to implement an Economic Empowerment Development Strategy (NEEDS). The purpose of NEEDS is to raise the country’s standard of living through a variety of reforms, including macroeconomic stability, deregulation,

Historically, the Nigerian oil and gas sector like that of many other developing countries, has been dominated by the powerful IOCs resulting into a massive outflow of resources for the payment of training and procurement