Helping Hands International is An EMPOWERMENT NGO OPPORTUNITY that pays more than white Colla Jobs
Showing posts with label Exclusive. Show all posts
Showing posts with label Exclusive. Show all posts
12.8.16
16.6.16
13.6.16
12.6.16
10.5.16
Nigerian pop star Wizkid is having a swell year and it’s only the fifth month
3.5.16
SaharaReporters Publishes Direct Phone Lines To Nigerian Governors
SaharaReporters on Monday published the phone numbers of Nigeria’s State governors
11.9.15
Mistakenly sending a mail to someone you never intend to can be annoying sometimes. You may have hit the reply all button or even worst forgot to attach a file.
20.7.15
EFFECTS OF CRUDE OIL IN NIGERIA ECONOMY
Oil exploration in Nigeria started in 1908, it was not until late 1958 that oil was first found in commercial quantities. The Oil industries started growing during the 1960s as the country started exporting oil overseas. During this period, the Nigeria government began to consider ways in which the resources being exported by the oil companies could be better harnessed for the country's development. With the production of oil in commercial quantity, the Nigeria government introduced its first regulation governing the taxation of Oil industry's profit in 1959.
Oil is the major source of Nigeria economy, oil being the mainstay of its economy plays a vital role in shaping the economy. Although Nigeria's oil was founded at the beginning of the century, it was not until late 1967-1970 that the oil industry began to play a prominent role in the economy of the country. Nigeria is a country that is primarily rural, which depends on primary products, especially oil product.
Since the attainment of independence crude oil discovery has had certain impacts on the Nigeria economy, both positively and adversely. on the negative side, this can be consider with respect to the surrounding communities within which the oil wells are exploited, some of these communities still suffer environmental pollution,which leads to deprivation of means of livelihood and other economic and social factors. Although large proceeds are obtained from the domestic sales and export of petroleum products, its effect on the growth of the country's economy as regards to returns and productivity is still questionable. Hence, the need to evaluate the relative impacts of crude oil on the economy in light of the study is needed, the main objective is to access the impact of crude oil on the Nigeria economy.
Given the fact that oil is crucial in Nigeria economy, there is still need for an appropriate and desirable production and export policy for the sector. Though, oil has contributed largely to the economy, the revenue has not been properly used considering the fact that there are other sectors in the economy, the revenue from oil can be invested in them to diversify and increase the GDP of the economy.
The oil boom of the 1970s lead Nigeria to neglect it's strong agricultural and light manufacturing bases in favour of an unhealthy dependence on crude oil, The agricultural sector in Nigeria has fallen drastically since the discovery of crude oil, other sectors has also been neglected due to oil, In 2000 oil and gas exports accounted for more than 98% of export earnings and about 83% of federal government revenue. New oil wealth, the concurrent decline of other economy sectors has fuelled massive migration to the urban areas and lead to increase in the spread of poverty, especially in the rural areas, a collapse of basic infrastructure and social services since the early 1980s accompanied this trend. By 2000 Nigeria per capital income had plunged to about one-quarter of its mid 1970s high, below the level at independence.
The discovery of crude oil has redesign the Nigeria economy especially negatively. The maximum attention given to oil has lead to the drastic fall of most of its natural resources, which is affecting the country negatively and shaking its economy.
Things you need to teach your Child(ren) at early
age:
1: Warn your Girl Child Never to sit on anyone's
laps no matter the situation including
19.7.15
MTVMAMA2015: MTV Base MAMA
Awards 2015 (Full Winners List)
We bring you the final winners list for the just
concluded MAMA AWARDS which was held in South
Africa. See the list below:
MTVMAMA2015: MTV Base MAMA
Awards 2015 (Full Winners List)
We bring you the final winners list for the just
concluded MAMA AWARDS which was held in South
Africa. See the list below
26.6.15
Introduction:
0
Labels:
Educational,
Exclusive
Mathematical and statistical tools are required in economics analysis. Mathematical tools helps the Economist to discover the implications of his theories which will enable him to make predications
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