Nigeria 's Economic And Economic Development Essay

Beaming sunrays, beautiful trees, and wild animals sound like the vacation of a lifetime. The country of Nigeria has all of these things plus plenty more to offer. Nigeria is located on the warm, dry, tropic continent of Africa. Unique foods, bright and colorful clothing, rythme filled dances come to mind when I think of Nigeria. Some people on the other hand would like to enjoy a warm fire place with a cup of hot creamy cocoa and soft fuzzy blankets in a winter lodge of Denmark. Sometimes A soft fur, games, food and being surrounded by family is all person need to call their vacation complete. Two different places with an abundance of beauty waiting to be seen.

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.

Currently Nigeria is a comparatively poor country by economic standards. The per capita income in Nigeria is less than three thousand dollars per person. By comparison,

This paper would contain a detailed overview of African Continent’s history and evolution. Social and cultural reformations and practices would be taken into consideration. It will carry a detail oriented research on the poverty and underdevelopment issues of the continent. A brief review to the history in the relevance of the topic would be included. Developmental crises would be analysed from several perspectives. The cultural and social norms and their relation to their relation to developmental crises would be evaluated. Possible solutions regarding the limitations and issues in the developmental social and cultural prosperity and well-being would be discussed. A meaningful conclusion would be evaluated on the research

Modern African states have various problems ranging from corruption, to armed conflict, to stunted structural development. Africa’s ongoing political instability and economic crisis have hindered the improvement of Africa. Thus, the lack of money, advancement in technology, and climate has hampered economic development. Despite European mistreatment and oppression African’s have endured hardships that have encouraged economy, education, and political

The Republic of Niger, a poor, landlocked country, located in the heart of Sub-Saharan West Africa. Niger has seen its fair share of change throughout the decades; moving away from the control of the French Parliament in 1960, Niger formally declared its independence. Despite this bold act of independence, Niger would not see its first steps towards democracy until the early 1990’s, when they held their first open election as a free state. However, even with the empowerment of the people in a democratic government, Niger has seen itself nearly torn apart as a result constant coups, that have occurred as recently as 2010. Such instability has led to incredulous amounts of corruption and poverty, within the Niger government. This lack of stability and constant turnover in government, has been a driving factor behind the lack of resources available for education in Niger.

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.

The two countries that i have chosen were Benin and Libya. Benin being the expansionary country and Libya being the recessionary country. Benin’s economy is primarily dependent on agriculture and cotton. They also produce textiles, beans, rice and other items like that. Benin has also begun producing offshore oil. Since 1990, Benin has went through an economic recovery. A large input of outside investment from public sources has reduced the economic struggles of the early 1990s caused by global recession. Benin is rapidly growing its economy and is starting to do well. As for future aspirations, Benin looks forward to keep growing and expanding their economy. Libya on the other hand depends primarily on petroleum, which contributes practically all export earnings and over half

The first was the weak sense of nationalism caused by all the ethnic groups where religion played a major part of the division. The main three ethnicities in Nigeria are Hausa-Fulani, Yoruba, and Igbo; the former is Muslim while the two latter are Christians. The second cause mentioned was the “divide and rule” which was a British tactic to employ ethnic groups against one another, and thus “helped ensure that ethnicity would be the main line of political cleavage after Nigeria became an independent country.” The third cause is the personal rule system based on “big men” and what this means is that Nigerian’s who worked for the British used their personal relationships to gain power and wealth, and in a certain way it is still used today in the Nigerian government. The fourth devastating cause was the “creation of an increasingly active and interventionist state during WWII and after until its independence in 1960, but that opened the doors to patronage, which would be used to gain political power and wealth. The past reveals the problems Nigeria has had for several decades, some of which have not disappeared but seem to get progressively worse. (CITATION)

Before we begin, let’s take a look at the country and its environs. Nigeria a former British Colony, located in the western part of Africa, it shares borders with Benin, Cameroun, and Niger. A growing population of 150million, labour force of 51million (70% Agriculture, 10% industry and 20% service), urbanisation is less than 40%, GDP is over $300billion, Per capita income is $2300. Nigeria is blessed with different cultures, languages and ethnic groups (252 in total); this was due to the colonization of the British in the early 19th century (Columbia Encyclopaedia). The British amalgamated its protectorates in 1914 to enable stable control and governance which made them create one Nation of Nigeria formed from all the groups, community and empires around the Niger area under their control. Nigeria had her independence on the 1st of October 1960 and since then various civil wars, political and religious unrest in the country to share power and resources amicably.

Corruption can be defined as the use of entrusted power to accumulate public wealthy for personal benefit. Corruption is not peculiar to any country, continent or state; it is sure a global issue which is an endemic to all government all over the world. However, corruption is prevalent in the Niger delta region of Nigeria; public officers in this oil producing state of Nigeria are corrupt. Consequently, it has defied the Niger delta from developing politically and economically which has left the states reputation in a mess. Radicalization of youths, abject poverty and -political instability are the three leading effects of corruption in the Niger delta region of Nigeria.

As most governments do struggle when changing over into a new form of government, with hope to better its people, Nigeria is no exception. After 16 years of military dictatorship, three republics, many riots and protests, and about seven coups and/or overthrows, the new Federal Republic of Nigeria adopted a new constitution in 1999, and held honest, fair civilian elections (for the first time in almost two decades) to hopefully ease all of the religious, cultural and militant related tension in Nigeria. Only having about twice the area of the state of California, but with over *three and a half times the population (California Department of Finance, Demographic Research Unit, from the 2000 census), and

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,

Although several theories of endogenous growth point towards a positive effect of human capital on growth, empirical evidence on this issue has been mixed. Despite various efforts of the successive Nigerian governments, virtually all indices of human development especially those of health and education are embarrassingly low. These indices include infant and maternal mortality rates, life expectancy at birth, population per physician, adult literacy rate, gross primary and secondary enrolment

Agricultural Economics of Nigeria: Paradoxes and Crossroads of Multimodal Nature Professor Eric C. Eboh Professor of Agricultural Economics University of Nigeria CONTENTS 1.0 ACKNOWLEDGEMENT 2 2.0 CONCEPTUAL APPROACH OF THIS INAUGURAL LECTURE 6 REFLECTIONS ON THE STRATEGIC ROLE OF AGRICULTURAL ECONOMY 8 3.0 4.0 5.0 AGRICULTURE FROM THE LOOKING GLASS OF MAN’S ECONOMIC HISTORY 16 AGRICULTURAL ECONOMY FROM PARADIGMATIC VIEWPOINTS ABOUT THE STATE VIS-A-VIS MARKET 21 6.0 NIGERIAN AGRICULTURE FROM THE PERSPECTIVE OF MODELS OF AGRICULTURAL DEVELOPMENT 29 7.0 AGRICULTURAL SECTOR FROM THE LOOKING GLASS OF EVOLUTION OF NIGERIA’S