Preview

The Role of Accounting in Societal Development in Nigeria

Powerful Essays
Open Document
Open Document
2621 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Role of Accounting in Societal Development in Nigeria
THE PROBLEMS OF FINANCING INTERNATIONAL TRADE IN NIGERIA

TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content

CHAPTER ONE 1. Introduction 1. Background of the study 2. Statement of the problem 3. Objective of the study 4. Research questions 5. Research hypothesis 6. Significance of the study 7. Delimitation, scope and limitation of study 8. Definition of Terms

CHAPTER TWO 2. Review of related literature 1. An overview 2. International cash flow in trade. 3. Role of international cash flow in trade. 1. Risk factor in international cash flow. 2. Trade Restriction and Govt policies 3. Effects of Restriction on trade 4. Major problems of financing international trade. 5. Cash flow problems in trade 1. The policy Trust of SAP 2. The positive impacts of SAP on the economy. 6. Objectives of SAP

CHAPTER THREE 3. Research Design and methodology 1. Primary Data and sources. 2. Primary data
Source of data
Secondary data and source
Secondary data
Source of secondary data
Method of investigation used
Area of the study
The universe.
The target population
Sample size used
Sample fraction
Questionnaire distributed
Technique of data
The formular (chi –square)

CHAPTER FOUR
Presentation and Analysis of data
Test of hypothesis
First Null Hypothesis testing
Second Null hypothesis testing
Third Null Hypothesis testing
Fourth Null hypothesis testing

Chapter five
Research, findings, Recommendation and conclusion
Findings
Recommendation
Conclusion
References
Bibliography.

CHAPTER ONE
1.1 INTRODUCTION
BACKGROUND OF THE STUDY
The Nigerian economy has since the early 1990’s been faced with adverse financial constrains especially in its international trade. This can be traced to the responsible fiscal policies enacted during the oil boom period. The sought increase in the volume and value of oil exports since the early 1990’s especially in 1990/91, placed the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Racial Profiling

    • 643 Words
    • 2 Pages

    Unlike the education system, the economy of Nigeria is evolving. Even though the economy is doing well, the money is not being used to better poor parts of the country. Nigeria is the 8th largest oil exporter in the world. The Gross Domestic Product in Nigeria is 522.6 billion dollars and it continues to rise. Even though the economy is doing well 60 percent of Nigeria’s population lives in extreme poverty. There are also chronic power shortages, which increase cost of doing business in Nigeria up to 40 percent.…

    • 643 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Nigeria Economic Bloc

    • 2714 Words
    • 11 Pages

    Introduction: Nigeria is a country located in West Africa; it has a population of about 160,027,000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key producer of rice, cocoa and palm-oil in West Africa. (See Appendix 1).Nigeria belongs to a number of economic blocs in Africa as there are quite a few, but this work shall focus on its ECOWAS membership.…

    • 2714 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Nigerian Oil Conflict

    • 461 Words
    • 2 Pages

    a. Nigeria oil is a main part of the countries’ source of income and comprises 95% of their total exports. The nation is the 8th largest oil producer and the fifth largest supplier to America. Even though oil is so profitable, over half of Nigeria’s population lives below the poverty line.The extraction and demand for oil makes the government reckless in their pursuit for money, making Nigerian government corrupt. The population living below the poverty line live on two dollars day.…

    • 461 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Conceived by means of fertilization, Anna Fitzgerald (Abigail Breslin) was brought into the world to be a genetic match for her older sister Kate (Sofia Vassilieva), who suffers from acute promyelocytic leukemia. Because of her sister’s dependency on her, Anna is unable to live the life she wants; in and out of the hospital constantly, she cannot take part in extracurricular activities such as cheerleading or soccer. When Anna turns 13 she goes into renal failure. Knowing that she will donate one of her kidneys to her sister, Anna sues her parents for medical emancipation and the right to her own body. Attorney Campbell Alexander (Alec Baldwin) agrees to work for Anna pro bono. The film is interlaced with flashbacks that detail the strong relationship between Kate and Anna, as well as how Kate’s illness has affected her siblings’ lives. Before the result of the case is known, it is revealed that Kate had asked Anna to file for medical emancipation. Believing that she would not survive the surgery, Kate wants to die. Anna wins the case, and due to her sister’s wishes does not donate her kidney. Kate later dies at hospital. The family moves on with their lives, being changed by Kate’s death, but every year on Kate’s birthday they go to Montana, which was her favorite place in the world.…

    • 1259 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Generally, policies and strategies of Nigerian government towards development are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria, foreign capital in the form of technical skills, entrepreneurship, technology and investment fund to boost economic activities thereby, rising the standard of living of Nigerian. This can be tagged as foreign economy policy…

    • 2592 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    INTRODUCTION Economists have long been interested in factors which cause different countries to grow at different rates and achieve different levels of wealth. One of such factors is trade. Nigeria is basically an open economy with international transactions constituting a significant proportion of her aggregate output. To a large extent, Nigeria’s economic development depends on the prospects of her export trade with other nations. Trade provides both foreign exchange earnings and market stimulus for accelerated economic growth.…

    • 6120 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    Nigeria, an oil-abundant nation, produces two million of barrels of crude oil a day, though despite this, it relies solely on importation to sustain its refined-fuel needs. This is because its four refineries fail to function effectively and continue to operate beneath capacity. Governmental mismanagement and political corruption are some of the reasons why Nigeria’s refineries remain in this state. The Nigerian government therefore implemented subsidies in order to minimise and control prices for its imported petrol. These subsidies are government payments to firms, such as the Nigerian National Petroleum Corporation who imports and distributes petrol, in order to keep the price of petrol low so that a lower cost of living may be attained.…

    • 1557 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    IMF Working Paper Research Department Achieving and Maintaining Price Stability in Nigeria Prepared by Nicoletta Batini1 Authorized for distribution by James Morsink June 2004 Abstract This Working Paper should not be reported as representing the views of the IMF.…

    • 15988 Words
    • 64 Pages
    Powerful Essays
  • Powerful Essays

    References: Anyanwu J.C., Oyewusi A., Oaikhenan H., and Dimowo F.A. (1997), The Structure of The Nigerian Economy (1960-1997), Joanee Educational Publishers Ltd, Onitsha, Anambra.…

    • 2759 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Nigeria Outlook 2013

    • 4711 Words
    • 19 Pages

    This makes Nigeria one of the most consistent and one of the strongest performers for…

    • 4711 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    Shuttle Diplomacy Case Study

    • 4622 Words
    • 19 Pages

    Apparently, it is observed that from 1990-1999, the inflow of FDI capital was low compared to the drastic pick between the period of 2000-2007. From 1990-1998, FDI inflow was from $1,002,500.00 USD to $1,210,100 USD while from 1999-2007, FDI inflow was from $1,177,000 USD to $12,453,700 USD. From this findings, it is crystal clear that measures put in place by the Obasanjo-led administration were effective than those of his predecessors. This fact strengthens the endorsement of Obasanjo's shuttle diplomacy as a good model to foster rapid development of the Nigerian economy.…

    • 4622 Words
    • 19 Pages
    Better Essays
  • Powerful Essays

    References: Adegbite, E.O. (1997). “Determinants of Manufactured Export Supply in Nigeria”, Research Report Submitted to the African Economic Research Consortium, Nairobi, Kenya. Adepoju, A. A.; Salau, A.S.; Obayelu, A.E. (2007). “The Effects of External Debt Management on Sustainable Economic Growth and Development: Lessons from Nigeria”. Munich Personal RePEC Achieve (MPRA). Paper No. 2147. Ajayi, S.I (1995). “Capital Flight and External Debt in Nigeria”, Research Paper #35, of the African Economic Research Consortium, Kenya. Ajayi, S. I., and Khan, M. S. (2000). External Debt and Capital Flight in Sub-Saharan Africa. International Monetary Fund. Arnone, Marco; Luca, B.; Presbitero, Andrea F. (2005). “External Debt Sustainability: Theory and Empirical Evidence”. http://www3.unicatt.it/unicattolica/Dipartmenti/DISES/allegati/ArnoneBandiera Presbiter033.pdf. Ashinze, J. O. and Onwioduokit, E.A. (1996). “Economic Growth and Foreign Debt: A Case Study of Nigeria”. CBN Economic and Financial Review, 34, 523-540. Audu, Isa (2004). The Impact of External Debt on Economic Growth and Public Investment: The Case of Nigeria. African Institute for Economic Development and Planning (IDEP) Dakar Senegal. ., http://www.unidep.org. Ayadi, F.S., (1999). The Impact of External Debt Servicing Requirements on Nigeria’s Economic Development. A Dissertation Submitted to the University of Lagos, In Partial Fulfillment of Master of Science Degree, Lagos, Nigeria. Ayadi, F. S.; Toluwase, A.; Ayadi, O. F.; Chatterjee, A. (2003). “Investment Adjustment Mechanism and External Debt Burden in a Developing Economy.” In Nwankwo, S. et al., (Editors) Dimensions of African Business and Development. Sheffield Hallam University Press. Candemýr, H. Baturalp (1994). “External Debt and Internal Transfer Problem: The Case of Turkey:1980-1990”. The Central Bank of the Republic of Turkey Research Department. Discussion Paper No 9404. January. Cashel-Cordo, P.; and Craig, S. G. (1990). “The Public Sector Impact on International Resource Transfers.” Journal of Development Economics. 32(1): 17-24. Chenery, H.B.; and Strout, A. (1966). “Foreign Assistance and Economic Development”. American Economic Review. Vol. 56, pp.679-733. CIA World Factbook Photius Coutsoukis (2004). The Library of Congress Country Studies; Revised 10-Nov.04. Cohen, Daniel (1989). “How to Cope with Debt Overhang: Cut Flows Rather than Stocks”. In Dealing with Debt crisis. Ed. By Husain and Diwan. Chap. 13. Cohen, Daniel (1993). “Low Investment and Large LCD Debt in the 1980s”. The American Economic Review. Vol. 83 No. 3. Country Report South Africa Update (2007). Economic Research Department Country Risk Research. June. Cleassens, Stijn; Detragiache, E., Kanbur, R. and Wickham, P. (1996) “Analytical Aspects of the debt Problems of Heavily Indebted Countries”. World Bank Policy Research Working Paper number 1618.…

    • 9096 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    Olomola , P.A and Adejumo A.V (2006) “ Oil Price Shocks and Macroconomic activities in Nigeria.…

    • 12005 Words
    • 49 Pages
    Good Essays
  • Satisfactory Essays

    The age and sex distribution of the population of Nigeria by the 1991 census is as shown in Table 1.3.2. The data Show a high proportion of children in the population. Those under 15 years of age constituted about 45 per cent of the total population. The proportion of aged persons (60 years and above) in the population constituted only 3.3 per cent. The age structure of the population, according to the 1991 census, shows a very broad-based pyramid, reflecting the large proportion of children and young persons.…

    • 364 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    This article overviews the growth and development of the Nigerian economy from inde pendence to present times. Specifically, the following periods are discussed: the pro-oil boom decade (1960-70); the period of the oil boom (1971 1977); the period of stabilisation and structural adjustment (1986 - 1993) and the period of guided deregulation (1994 -1998).GENERAL PERFORMANCE OF THE ECONOMY…

    • 4639 Words
    • 19 Pages
    Powerful Essays