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1 edition of Reflections on Nigeria"s economic growth found in the catalog.

Reflections on Nigeria"s economic growth

W. A. Lewis

Reflections on Nigeria"s economic growth

by W. A. Lewis

  • 143 Want to read
  • 27 Currently reading

Published by O.E.C.D. .
Written in English


Edition Notes

Statementby W.A. Lewis.
SeriesOrganisation for Economic Co-operation and Development. Development Centre studies
ContributionsOrganisation for Economic Co-operation and Development. Development Centre.
ID Numbers
Open LibraryOL21506717M

It would also provide an explanation for Nigeria’s stunted growth. This research would also be of relevance to investors, shareholders, bankers, government, producers etc. and the public who need to have knowledge of inflation and economic growth, effects and preventive measures in the Nigeria economy. The Effects of Religious Crisis on Economic Development in Nigeria Olabimtan Oladele E. Apuwabi. Department of Business Administration, Rufus Giwa Polytechnic, Owo, Ondo State Email: [email protected] Abstract There’s no gain saying that crisis is a great predicament in any human society and most times, it is Size: KB.

The importance of mining and quarrying in accelerating the pace of economic growth in Nigeria should rather motivate the government to deregulate and reform the sector. This will enable the government to attract investors into the sector, while effectively planning to encourage the proliferation of small-scale artisan, medium-scale and large. Real GDP growth is projected to rise to % in and % in It depends on implementing the Economic Recovery and Growth Plan (–20), which emphasizes economic diversification. The central bank of Nigeria’s recent decree that banks hold loan–deposit ratios of 60% bodes well for increasing lending to the real sector.

  The World Bank disclosed this in its June Global Economic Prospects report, saying: “Nigeria is forecast to go from recession to a percent growth rate in . turn has outright impact on productivity and could lead to economic growth (Todaro, ). Developing economy A developing economy is one where people have a lower standard of living and less developed industries than other countries. A developing economy is a nation where the average income is much lower than in industrial nations, where the File Size: KB.


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Reflections on Nigeria"s economic growth by W. A. Lewis Download PDF EPUB FB2

Reflections on Nigeria's economic growth. [Paris] Development Centre of the Organisation for Economic Cooperation and Development [] (OCoLC) Document Type: Book: All Authors / Contributors: W Arthur Lewis. Book: Reflections on Nigeria's economic growth. pp pp.

Abstract: An attempt is made to assess Nigeria nigeria Subject Category: Geographic Entities see more details 's economic growth economic growth Subject Category: MiscellaneousCited by:Reflections on Nigeria's economic growth [by] W. Arthur Lewis Development Centre of the Organisation for Economic Cooperation and Development [Paris] Wikipedia Citation Please see Wikipedia's template documentation for further citation fields that may be required.

Nigeria has affected busine sses, economic growth and de velopmen t in Nigeria with a view to identifying how insecurity can be tackled using a realist ic appro : Titilola Adebowale. The World Bank forecasts global growth to slow to Reflections on Nigerias economic growth book in from initial growth forecast of %.

Nigeria Economic Outlook Top 10 themes for   Thirdly, the article is a conscious effort to steer (in case of any laxity) Nigeria’s foreign policy toward economic growth and development and the well-being of the citizenry. Keywords Development, economic growth, foreign policy, economic diplomacy, national interest, NigeriaCited by: 2.

Recent NBS data released in May on the state of the economy appear very worrisome still and actually bring to the fore, the very evident fragility of Nigeria’s economic recovery.

The figures indicate that the quarterly GDP growth rate that had grown from % in the second quarter. Since then, Nigeria’s economic growth has been driven by growth in agriculture, telecommunications, and services. Economic diversification and strong growth have not translated into a significant decline in poverty levels; over 62% of Nigeria's over million people still live in extreme poverty.

He has also authored two monographs: Regulation Through Legislation: Government and the Insurance Industry in Nigeria – () and Hope Betrayed: A Reflection on the Nigerian Nation and the Challenge of Leadership Since Independence ().

Economy. The Nigerian economy is one of the largest in Africa. Since the late s it has been based primarily on the petroleum industry. A series of world oil price increases from produced rapid economic growth in transportation, construction, manufacturing, and government services.

Because this led to a great influx of rural people into the larger urban centres, agricultural production stagnated to. Dauda () made use of an adapted endogenous growth model developed by Mankiw, Romer, and Weil () in the.

study of human capital and economic growth relationship in Nigeria. However, the study did not include government. spending as one of the human capital variables used in the model. Perspectives on Nigeria's Economic Development Volume II by Pascal G.

Dozie Nigeria has experienced significant economic progress since publication in of the first edition of Perspectives on Nigerian Economic Development. Global economy. Global growth impetus in the year was bedevilled by a number of headwinds: the US-China trade tension, Brexit uncertainty, and tight monetary policy environment.

Inthe Federal Reserve cut the funds rate three times (against the increasing trend seen in and expectation for ).Author: Amamchukwu Okafor.

Nigeria and other developing countries need reliable social infrastructural base for economic growth. Also, there is need for deep regional integration and. Reflections on Industry and Economy by Issa Aremu. Vice president of the Nigeria Labour Congress, Issa Aremu, has been writing a column in the Daily Trust, Nigeria for several years and has been an occasional contributor to a number of other Nigerian publications.

Covered in this volume: Prof. Aremu examines the decades of turbulent socio. Nigeria’s federated structure gives significant autonomy to states. Oil price volatility continues to influence Nigeria’s growth performance.

Between andNigeria’s gross domestic product (GDP) grew at an average rate of 7% per year. Determinants of Economic Growth in Nigeria Kazeem B.

Ajide1 This paper investigates the role of Frazer Economic Freedom Index on FDI-growth relationship over the period spanning through using annual time series data.

A Multivariate Regression approach was employed to estimate augmented growth Size: KB. GLOBALIZATION CRISIS AND NATIONAL SECURITY: A REFLECTION ON NIGERIA TEXTILE INDUSTRY. The aim of this study is to examine institutional qualities and economic growth performance of Nigeria. Apart from that, the structure of the source of growth shows that the oil sector is gradually coming back to the driver's seat in determining the growth of the Nigerian economy.

Sectorally, the. signed to accelerate what we will define as economic growth. This emphasis on the growth phenomenon per se implies that at least in the first instance the economist approaches the problem of economic development within the context of a theory of economic growth.

The assumption that there is a uniquely correct or at least a. Nigeria has enjoyed relatively strong economic growth over the past seven years but poverty is still a major concern.

Exports and government revenues are driven largely by oil, while most Nigerians work in agriculture. Economic growth is constrained by inadequate infrastructure, electricity, incentives, and policies that promote private sector development, and poor access to quality education.economic growth of Botswana.

Saibu () adopted the model developed by Scully () for Cote D’Ivoire; found out that there is a negative relationship between tax burden and rate of economic growth in Nigeria and South Africa. However and in contrast to the above, Sekou () in his study utilised ordinary least square method to estimateFile Size: KB.Foreign economic relations.

Nigeria's foreign economic relations revolve around its role in supplying the world economy with oil and natural gas, even as the country seeks to diversify its exports, harmonize tariffs in line with a potential customs union sought by the Economic Community of West African States (ECOWAS), and encourage inflows of foreign portfolio and direct y group: Developing/Emerging, Lower .