AND FOREIGN DIRECT INVESTMENT IN NIGERIA Nigeria has a great potential for attracting foreign investment. It has a large market, represented by a large vital population and it is richly endowed with natural resources mineral deposits especially oil and gas, vegetation, arable agricultural land etc. she also has cheap labor force. Available statistics show that the country has not benefited much from foreign investment flows. The central bank data shows that while net foreign direct investment flows
2 Economic Impacts of Boko Haram Insurgency Boko Haram has taken advantage of high unemployment and poverty rates in Northern Nigeria to use as a mobilizing instrument so as to find support and recruits for terrorist violence. The majority of the unemployed and poor have been frustrated as a result of government incapacity to meet their basic needs (Olojo, 2012:6).As a result of this, they have adhered to Boko Haram where they have indulged in aggressive measures such as killing of innocent citizens
external environments play major roles in determining a country’s foreign policy, and both environments are related in a complex and intricate manner (Saliu: 1999). The foreign policy of General Yakubu Gowon (1966 – 1975) was dictated by domestic constraints of prosecuting the Nigerian Civil War (1967 – 1970) and keeping the country as one indivisible political entity (Adeniran: 1985). Even after the war, the direction of Nigeria’s foreign policy continued to be influence by the country’s experience during
Development of Ideas /Statement of the Problem Despite the fact that the world treats Nigeria as a regional and sub-regional leader and listens to her opinion regarding African and even world issues, there is a contradiction, because Nigeria is an underperformer in domestic affairs, with poor representation in international fore and poorly coordinated positions on many issues. There is also clumsiness in the nation’s intervention in security matters because some of the officials are sometimes lackadaisical
CHAPTER ONE GENERAL INTRODUCTION 1.1 BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting
CHAPTER ONE GENERAL INTRODUCTION 1.1 BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting
all their needs, in fact, they ended up with welfare losses (e.g. Spain under Franco). Also, it is as a result of the direct and indirect linkage between assets and/or goods market (Umar and Soliu, 2009). This has made countries to realize that they cannot be economically rara-avis among their peers, interdependence has become a natural order for a
Nigeria and China officially time-honored their relations in February 1971. This was made possible with the high level of visits and the conclusion of a number of bilateral agreements between the two nations. The consensual relations progressed from political engagements to intense economic penetration of the Nigerian economy and currently energy. It is against this setting that this piece examines the nature of Nigeria’s relation with China. Background to the Study The affiliation between Nigeria
unforeseen ground conditions, low speed of decision making involving all project teams, client-initiated variations and necessary variations of works have been identified as causes of time overruns in Hong Kong construction project (Chan et al 1997). In Nigeria, shortage of materials, methods of financing and payments for completed works and poor contract management are the three major reasons for high construction costs. Price fluctuation and improper planning were identified as the most important factors
Notes to the Financial Statements: Theses financial statements are the consolidated financial statements of First Bank Nigeria Limited and its subsidiaries, hereafter referred to as the Group. The principal activities of the Bank are mainly retail banking and corporate banking. Retail banking provides banking activities relating to individuals, such as savings accounts, investment savings products, loans and money transfers. Corporate banking includes activities relating to multinational and local