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Nwoye expressed concern about the increasing rate of poverty in Nigeria despite its natural resources and emphasized that investing in business enterprises is the key to achieving economic independence and moving from poverty to prosperity for poor communities.
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [56] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
After Nigeria gained independence in 1960, the name of the institute was changed to Nigerian Institute of Social and Economic Research. [3] In 1977, the military government made NISER an autonomous body. Thereafter, NISER's responsibilities include coordinating social and economic research in federal universities.
Osita Ogbu OON (born 1957) is a Nigerian politician. He is the professor of development economics at the University of Nigeria. [1] He was the Minister of National Planning in Nigeria from 2005 to 2006, [2] [3] and former chief economic advisor to the president of Nigeria. [4]
Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers , preprints , journal articles, and software components. [ 1 ]
Oladele Ajose was nominated as the first Vice-Chancellor of the university, which began with faculties of agriculture, arts, economics and social studies, law and science. [9] The style of administration of the university and faculties was similar to University College, Ibadan, and during its foundation, it established a relationship with the ...
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [ 1 ] Rank
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...