Positive and negative effects of globalization on the Nigerian economy

The Positive and Negative Effects of Globalization on the Nigerian Economy.

Background to the Study

There have been phenomenal metamorphose in virtually all aspect of society the world over, Communication have become more rapid, working patterns are changing, markets for goods and services have transformed immensely and money can be moved freely and instantaneously from one country to another Continue reading Positive and negative effects of globalization on the Nigerian economy

Marketing Of Industrial Products In A Competitive Marketing Economy

 Marketing Of Industrial Products In A Competitive Marketing Economy(A Case Study Of Berger Paint Plc)

Abstract

          The aim of the study is to access the marketing of industrial of industrial in a competitive market economy. This was done by gathering some relevant information from producer and distributors of the said product. Defining certain problems usually associated with a depressed economy and proposing remedial measures after reveling areas of problem. Continue reading Marketing Of Industrial Products In A Competitive Marketing Economy

Budgeting In Public Economy Sector

Budgeting In Public Economy Sector (A Case Study Of Enugu State Government)

                                                Abstract

The purpose of the study is to determine the effect of budgeting on the economic development of the state to determine the factors which account for the difference between the capital expenditure and the recurrent expenditure and to take an overview of the analysis of the relationship between estimated and actual expenditure in the last five financial years. The study is aimed at Continue reading Budgeting In Public Economy Sector

THE CAUSES AND EFFECTS OF UNEMPLOYMENT IN NIGERIA ECONOMY

THE CAUSES AND EFFECTS OF UNEMPLOYMENT IN NIGERIA ECONOMY (A CASE STUDY OF OSHIMILI NORTH LOCAL GOVERNMENT AREA DELTA STATE

ABSTRACT

This study did a polemic analysis on the causes and effects of unemployment in Nigeria economy using Oshimili north local government area of delta state as a case study, specifically. It intends to identify briefly the area to exploit for full employment or reasonable employment rate, and also to investigate the problems that militate against employment. Solutions to the problems under study. In order to decipher an d ameliorate the endemic nature of unemployment, the population of study mounted to over 3000 residents of Oshimili north Local government area of delta state, and the sample size was 15000 people from the population also, to be able to elicit information from the respondents, the researcher adopted a fixed questionnaire on the process of gathering simple percentage. In view of the above it was discovered that the performance of Oshimili north local government area, delta state in unemployment gradication is below expectation however, it was conclude that unemployment is a problem of the environment in the Nigerian contemporary society, which could give rise to several other vices such as money laundering, prostitution, armed robbery etc. finally, it was recommended that government should initiate community development programmes and policies to enable most school leavers and nongovernmental organizations should help in organizing seminars and training and issues grants to beneficiaries to empower them and help them to be gainfully employed. Continue reading THE CAUSES AND EFFECTS OF UNEMPLOYMENT IN NIGERIA ECONOMY

AN APPRAISAL OF THE REFORMS IN THE BANKING SECTOR AND IT’S IMPACT ON NIGERIA ECONOMY

AN APPRAISAL OF THE REFORMS IN THE BANKING SECTOR  AND IT’S IMPACT ON NIGERIA ECONOMY ( A CASE STUDY OF SELECTED BANKS IN ANAMBRA STATE.

ABSTRACT

This research was basically undertaken in order to appraise the reforms in the banking sector and its impacts on the Nigerian economy. The current reform in the banking sector is generally part of the broader on-going national economic reforms. Reform policy as an instrument of strengthening the banking sector was undertaken to ascertain the level of impacts on the Nigeria economy data Continue reading AN APPRAISAL OF THE REFORMS IN THE BANKING SECTOR AND IT’S IMPACT ON NIGERIA ECONOMY

CONTRIBUTION OF COMMERCIAL BANK TOWARD ECONOMY DEVELOPMENT IN NIGERIA

A CONTRIBUTION OF COMMERCIAL BANK TOWARD ECONOMY DEVELOPMENT IN NIGERIA ( CASE STUDY OF UNION BANK OF NIGERIA PLC)

ABSTRACT

This study is aimed at finding the contribution of commercial banks towards economic development of Nigeria with a case study of Union Bank. Plc. The purpose of this research is to final the areas of strengths and weakness in economic development as it affect commercial banks. Also the researcher tend to find solution to the problems to ensure equal development of all sectors of the economy and improve the standard of living of the people and the state in Continue reading CONTRIBUTION OF COMMERCIAL BANK TOWARD ECONOMY DEVELOPMENT IN NIGERIA

The Positive and Negative Effects of Globalization on the Nigerian Economy.

The Positive and Negative Effects of Globalization on the Nigerian Economy.

CHAPTER TWO

LITERATURE REVIEW AND THEORETICAL FRAMEWORK

2.1 Literature Review

There has been a consensus among the scholars of the Third World extraction that globalization is not a new phenomenon. The new phase has however assumed new dimension to further undeveloped and entrench dependency in Africa. According to Stiglitz (2002:62), globalization is:- A new social architecture of cross-border human interactions – in which the integrity of the national territories state as a coherent political economy is eroded, as the functions of the state became re-organized to adjust the domestic economic and social policies…

Again, Nabudere (2000:16) sees globalization as an unequal process of capitalist development. He posits that uneven and unequal economic opportunities are characteristics of the present capital modernization. This process is reflected in the unequal integration and fragmentation of many communities, especially, what came to be called the “The World”, in the process f the unfolding economic, political, social and cultural activity.

More concretely, Ake (1994:22) views globalization as a March of capital all over the world to search for profits, a process reflected in the rich and power of MNCS. He asserts that; It is about growing structural differentiation and functional integration in the world economy; it is about growing interdependence across the globe; it is about the national-state coming under pressure from the surge of transnational phenomenon, about the emergence of a global mass culture driven by mass advertisement and technical advances in mass communication, (Ake, 1994:22-23)”.

The foregoing has shown that the roots of African underdevelopment and Dependency lie with the capitalist expansion globalization are therefore a phase in the process of this expansion. Hoogvelt (2001:68); submits that as an instrument of imperialism, globalization is linked systematically with social exclusion. This means that as globalization proceeds, more and segments of populations as well as whole areas and regions are being excluded from its benefits.

In the same vein, Nnoli (2000:173) consider globalization as imperialism. According to him, globalization is a dynamic phenomenon, which changes in accordance with the laws of capitalist expansion. Consequently, it has assumed different focus in the past such as slave trade, legitimate trade, colonialism and nee-colonialism today, it is simply globalization.

It is implicit therefore that globalization is a relation of domination and exploitation between nations and groups of nations. This relationship takes place at different levels of economic, political, social and so on. In this contribution, Oyebody (2002:48) maintains that the different economic and political strategies such as globalization, liberalization. Privatization, foreign aid and the activities of MNCS are instruments of under-developing and entrenching Dependency in Nigeria and the whole of the developing world. Continue reading The Positive and Negative Effects of Globalization on the Nigerian Economy.

Implication of globalization for the Nigerian economy

The Implication of Globalization for the Nigerian Economy

CHAPTER ONE

INTRODUCTION

Background to the Study

There have been phenomenal metamorphose in virtually all aspect of society the world over, Communication have become more rapid, working patterns are changing, markets for goods and services have transformed immensely and money can be moved freely and instantaneously from one country to another with little or no hitches at all. Again, the ace of change seems to have accelerated Continue reading Implication of globalization for the Nigerian economy

Small and Medium Scale Industries in the Development of National Economy

Role of Small and Medium Scale Industries in the Development of National Economy (A Case Study of Ephraim Technology Business Incubation Centre).

ABSTRACT

This research study has its title as “the role of small and medium scale industries in the development of the National economy a case study of at Ephraim Technology Business Incubation Centre has as its objective to identify the impact of finance on small scale industries and how they are fulfilling their role in the national economy, although much of their problem is widely spoken in terms of finance, than the actual role they are meant to fulfill. Also we are to ascertain if finance is the major problem of Small Scale Industries at Ephraim Technology Business Incubation Centre and to identify the best source of finance for Small Scale Industries. The research questions answered in this study using structured questionnaire are what is the impact of finance on Small Scale Industries notably in Abuja, is finance, the major problem centre and what is the best source of finance for includes, finance has no significant impact on small scale industries in Abuja at Ephraim Technology Business Incubation Centre and the sources of finance has no significant impact on small scale industries in Abuja. Descriptive survey method of research was adopted for the research methodology where structured questionnaire was used as research instrument for data collection and percentage and chi-square computation used as a method of data analysis and test of hypothesis. The research findings among other includes, finance as a major problem of Small Scale Industries in Abuja, finance has negative impact on small scale sub-sector make significant contribution to achieve social and economic objectives such as labour absorption, income distribution, rural development, poverty eradication and balanced economic growth. The beneficiaries of this industry are the industrialist or entrepreneurs, private entities, business men and women.
Continue reading Small and Medium Scale Industries in the Development of National Economy

Role Of Commercial Banks In The Growth Of Manufacturing Sector

THE ROLE OF COMMERCIAL BANKS IN THE GROWTH OF MANUFACTURING SECTOR IN NIGERIA: A STUDY OF FIRST BANK

ABSTRACT

The main purpose of this research work is to examine the role of commercial Banks on the growth of manufacturing sector in Nigeria. The specific objectives are to determine the effect of commercial banks credit on the manufacturing sector, and also to assess the extent at which lack of bank’s credit has hampered Continue reading Role Of Commercial Banks In The Growth Of Manufacturing Sector