Africa is a region that has for long been taunted as the dark continent. Years of political cynicism, proliferation of civil wars and governance mismanagement have negated the growth and development of the continent. However if the present positive growth patterns and future economic projections are anything to go by then the continent is set to undergo a massive transformation by 2025. African economies are showing impressive growth, with an average Gross Domestic Product (GDP) growth forecasted to be 6.3 % in 2013, Africa has become the fastest growing region in the world, and only a few Asian countries will continue to grow faster than the continent's top performers. Africa`s growth projections are premised on the backbone of an anticipated educated young population growth, rising intra-African trade, investments in public-private partnerships and commodity-based industrialization. This paper gives an impetus to the future prospects of Africa by highlighting inter alia the present growth trends and envisaged future prospects. It also analyses what still needs to be done to ensure the envisaged growth projections are realized.
TOPIC: THE NIGER DELTA STRUGGLES: ITS IMPLICATIONS FOR RESOURCE CONTROL. A HISTORICAL OVERVIEW OF THE STUDY The Niger Delta region, Nigeria 's oil belt has been the site of a generalized ethnic and regional
Paper Presented at the 46th Nigerian Economic Society (NES) Annual Conference, Lagos. 23rd – 25th August
An important part of the transformation of the African markets into more productive and effective systems is the upgrading of technology throughout the economy. In addition to serving as a mechanism through which to promote productivity, gains in technology will allow the African economy to engage in more “sophisticated economic activities” like a more robust financial services industry and increase banking levels throughout the
Reading Response I learned a plethora of information about the decades leading up to the Nigerian civil war as a result of this reading. Firstly, I never knew that the process of gaining independence was a systematized and prolonged one in the sense that there were 10-year programs established to facilitate this process, including the development and expansion of “social services, infrastructure, and local industries” (Falola and Heaton 146). I don’t know why I had always romanticized the independence of Nigeria to be an abrupt and quick toppling of the entrenched colonialist systems.
I started gaining research experience during my undergraduate program after taking a networking course. Then, with my personal studies on routing and switching, I established a serious interest and anxiety to know why our campus lab’s network was always down. It was a serious research issue because I bent on
Assignment 2: Lending Institutions, Health Care, and Human Capital Monique Ashley Val Margarit, MA, Ed. S, ABD Sociology 300 December 3, 2013 Abstract This paper is about Nigeria and their health care, lending institutions and human capital. It is how this country can grow because this country is capable of great things. They need help and It seems that they are trying to fix the problems in their country, but it s very hard to climb yourself out of a hole that seems impossible. They need a assistance but the World Bank and IMF see unable to provide the amount of care that they need or give them the financial push that is required to keep their country a float.
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.
The Nigerian oil production has been an issue that has become a cruse to the people for so many years. According to reports, the oil production has lubricated to Nigeria’s failure because it has damaged the economy as well as the environment and democracy. Anyone would think that a country that has an enormous resource of petroleum would be economically stable but this is not the case in Nigeria. For many years Nigeria has suffered effects directly as well indirectly from the oil industry. For my research I am drawing from two sets of sources. I will be referring to the books that I have researched as my A-sources. The newspaper articles will be referred as my B-sources in this paper. Through out my paper, I will show you how and explain why the media today only reports one side of the story while the books on my geopolitical topic will tell the background to the events occurring.
Africa’s growth can be tracked in multiple areas, such as the improvement in democracy in government, population growth, demographics, education, and an uptake in IT and mobile phone usage.
South Africa (SA) stands out among the rest of Sub-Saharan Africa in terms of levels of development and the degrees of democracy. It is now regarded as the emerging middle power in the African continent. I argue that South Africa’s place in the economic world also has different implications to different populations in this nation state. Nigeria on the other hand, has failed to sustain democracy and economic development. In this paper, I am going to critically analyze the reasons why South Africa is relatively successful as compared to other African countries. In particular, the paper is going to critically examine the reasons why Nigeria has failed to achieve the same level of success regarding the fact that it gained its “independence”
By 1996, Nigeria had become the 13th poorest country in the world and occupied the 142nd rank on the human development index (HDI) scale. (World Bank, 1996)
Nigerian Economic Society (1988) Rekindling Investment for economic Development in Nigeria. Selected papers for the annual conference.
In Nigeria, economic liberalization through deregulation and privatization, has been implemented for various reasons, such as the demand for efficient and effective Public Enterprises, reduction in external borrowing, stronger capital markets, and improve accountability, but most important of all, for generation of employment and sustainable livelihoods for the betterment of Nigerian welfare (World Bank, 2013).
Nigeria and indeed almost all the African countries are now facing an unprecedented debt crisis never known in the history of the continent. The rationale for raising external loan has always been to bridge the domestic resource gap in order to accelerate economic development. This is because nations just like