NIGERIAN ECONOMY/GDP AND PRODUCTION Nigeria recorded a Current Account surplus of 11.60 percent of the country’s Gross Domestic Product in 2011. Current Account to GDP in Nigeria is reported by the African Economic Outlook. Historically‚ from 1980 until 2011‚ Nigeria Current Account to GDP averaged 1.2 Percent reaching an all time high of 37.9 Percent in December of 2008 and a record low of -18.7 Percent in December of 1986. The Current account balance as a percent of GDP provides an indication
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PROCESS OF INDUSTRIALIZATION IN INDIA Meaning of Industrialization The term "industry" refers mainly to manufacturing activity. Agriculture‚ mining‚ and most other services are excluded from it. The term "industrialization” literally means the growth of manufacturing industry. It is thus a part of the much broader process of economic development which involves the raising of standard of living‚ through a steady increase in the efficiency of factors of production. India is a developing country
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Nigerian Scams - 419 Scam Information Nigerian‚ or "419"‚ scams are one of the most common types of fraudulent email currently hitting inboxes. Nigerian scam messages can also arrive via fax or letter. The messages generally claim that your help is needed to access a large sum of money‚ usually many millions of dollars. In fact‚ this money does not exist. The messages are an opening gambit designed to draw potential victims deeper into the scam. Those who initiate a dialogue with the scammers
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Comparative Education Volume 33 No. 1 1997 pp. 87± 95 The Environment of Crises in the Nigerian Education System CORDELIA C. NWAGWU ABSTRACT The Nigerian education system witnessed tremendous expansion between independence in 1960 and 1995. However‚ the rate declined after 1986 when economic depression resulted in the introduction of the Structural Adjustment Programme. A population explosion‚ frequent changes in the government due to military coups‚ a depressed economy and unplanned and uncontrolled
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CRIME AND POLICING IN NIGERIA: CHALLENGES AND OPTIONS Etannibi e.o. ALEMIKA Innocent c. Chukwuma CLEEN Foundation Page 2 6/29/2005 © CLEEN FOUNDATION 2004 ISBN: 978-35160-9-4 CLEEN FOUNDATION 1A Afolabi Aina street Off Allen Avenue Ikeja‚ Lagos – Nigeria Telephones: 234-1-4933195; 4935338; 4935339 E-Mail: cleen@cleen.org CLEEN Foundation Page 3 6/29/2005 TABLE OF CONTENTS Aknowledgements v Preface Etannibi E.O. Alemika and Innocent C. Chukwuma vi Welcoming Address
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majority of the people have been hijacked by a few powerful individual who now control land and land resources in collaboration with multinational companies. In most part of southern Nigeria‚ particularly the Niger Delta region‚ the administration of Landwas carried out under the customary tenure. At this point of time Nigeria was under military dictatorship.Following are a couple of the drawbacks of the Act: 1)Power of Governor to revoke rights of occupancy. The main fault of the Land Use Act
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characteristics of industrialization: Improved standards of living‚ New Inventions‚Railroads‚ Laissez-faire and free enterprise‚ Urbanization‚ Immigration‚ Labor Unions‚ Indian Removal. After the Gilded Age‚ came the Progressive era‚ the progressive era was the term applied to a variety of responses to the economic and social problems of rapid industrialization introduced to America. Final but not least World War 1 was the era of a different or more modern technology or any type of industrialization for back
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Industrialisation is the process of manufacturing consumer goods and capital goods and of building infrastructure in order to provide goods and services to both individuals and businesses. As such Industrialisation plays a major role in the economic development of underdeveloped countries like India with vast manpower and varied resources. Let us discuss‚ in detail‚ the role of industrialization in the Indian economy. 1. Raising Income: The first important role is that industrial development provide
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Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154‚ 729‚000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1‚ 4011. Nigeria also has the second largest economy in Africa. If I may ask‚ is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and
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19th Century Industrialization Nineteenth Century Industrialization During the second half of the nineteenth century‚ the United States experienced an urban revolution unparalleled in world history up to that point in time. As factories‚ mines‚ and mills sprouted out across the map‚ cities grew up around them. The late nineteenth century‚ declared an economist in 1889‚ was "not only the age of cities‚ but the age of great cities." Between 1860 and 1910‚ the urban population grew from 6 million
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