THE IMPACT OF FEDERAL GOVERNMENT’S ECONOMIC POLICY.
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 56 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 3,547 times
Delivery: Within 24 hoursTHE IMPACT OF FEDERAL GOVERNMENT’S ECONOMIC POLICY MEASURES ON NIGERIA’S BALANCE OF PAYMENTS
A CASE STUDY OF SELECTED MINISTRY IN ENUGU
ABSTRACT
This topic “The Impact of the Federal Governments Economic Policy Measures on Nigeria’s Balance of Payments: Position (1999 – 2002)” was aimed at studying the economy of Nigeria.
The work covered the balance of payments summary statements from 1999 – 2002 and various economic policy measures for the same period.
Analysis was made and observations recorded. Contrary to my speculations, the economy faired well in 2002 and 2001 when the balance of payments recorded favourable balances arising from oil fortunes.
However there were unfavourable balances in 1999 and 2002. Worthy of note was the significant contribution of agriculture in the 2001 balance of payment figure.
In the study, the opinion poll was that the economic problems in Nigeria were not in policy formulations but in implementation.
In the end, some doses of economic Panacea were put forward for the improvement of our economy. They include investment in non-oil sectors like agriculture and industry, security of the nation’s borders to cub the excesses of smugglers, foreign exchange budgeting and management to match with the available foreign exchange, manpower development, extensive and intensive re-orientation of Nigeria, etc all aimed at adding life to the economy.
TABLE OF CONTENTS
Title Page
Approval
Dedication
Acknowledgement
Abstract
Table of Contents
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of Problems
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Hypothesis
1.6 Scope and Limitation of the Study
1.7 Definition of Terms
CHAPTER TWO: LITERATURE REVIEW
2.1 Concept of Balance of Payment
2.2 The Importance of Balance of Payment
2.3 Causes of Disequilibrium
2.4 Measures to Corrective Imbalances
2.5 Balance of Payment and the Economic Policy Measures
2.5.1 Balance of Payment
2.5.2 Economic Policy Measures (1999 – 2002)
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Nature of Study/Research Design
3.2 Sources of Data
3.3 Population and Sampling Size
3.4 Sampling Technique
3.4.1 Sample Size
3.5 Method of Data Collection
3.6 Instrument
3.7 Instrument Validity
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Distribution and Return of Questionnaires
4.2 Test of Hypothesis
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION
AND RECOMMENDATIONS
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix A
Appendix B
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The attainment of a healthy and sustainable balance of payments position has become one of the major pre-occupations of policy makers worldwide.
This is understandable in view of the tremendous impact of development in the balance of payments on the national economy.
Generally, the outcome of the balance of the payments provides a useful guide of appraising the appropriateness of current economic policy measures designed to bring about a well under economic structures.
The economic policy measures on any nation could impact the balance of payments of that nation either positively or negatively depending on the conceptual design and implementation.
The Nigerian economy can largely be described as one with a strong petroleum industry superimposed over an under developed industrial base.
Despite a battery of measures in the form of industrial policies consisting of several incentives to promote an industrial base for self-sustaining growth, the Nigeria economy still exhibits very prominent features of under-development.
There exists a weak technological know-how poor managerial skill and above all, a reliance on a single export commodity oil, which in recent years has failed to provide the much needed capital sufficient enough for the conscious implementation of strategies for development.
In the past, Nigeria relied on the export of cash crops such as cocoa, groundnuts, palm oil, timber and some minerals such as tin, columbite and zinc for her foreign exchange earnings. For instance, between 1965 and 1968, agriculture contributed on the average 55.18% of total gross domestic product (GDP) and mining including production of crude oil contributed 4.16% but as from 1971 to date, the situation has changed significantly – mining, including crude oil has occupied the commanding heights, while the manufacturing and craft sectors remain abysmally negligible
According to Okafor (2004:16) “At the dawn of the current fourth Republic democracy, Nigeria’s economy had been described by the local and international economic experts and watchers of the economy as in abysmal shambles. Virtually all the critical sectors of the economy like the energy, infrastructure, manufacturing and the financial sectors where in total paralysis”
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE IMPACT OF COST REDUCTION TECHNIQUES ON THE PROFITABILITY OF MANUFACTURING COMPANIES
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The proficiency of a company in cost management significantly influences its trajectory of exp...More »
Item Type: Project Material | 54 pages | 287 engagements |
- 2.
AN EXAMINATION OF THE RELATIONSHIP BETWEEN INVENTORY MANAGEMENT AND ORGANIZATIONAL PROFITABILITY IN ...
CHAPTER ONE INTRODUCTION Background of the study A critical constituent of current assets is inventory. It constitutes approximately 60% of its ove...More »
Item Type: Project Material | 54 pages | 159 engagements |
- 3.
THE IMPACT OF FINANCIAL LITERACY ON THE PERFORMANCE OF SMALL SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Small scale enterprises' (SSEs) contribution to the national economy should not be undervalued...More »
Item Type: Project Material | 54 pages | 1,532 engagements |
- 4.
THE EFFECT OF GOOD RECORD MANAGEMENT IN ORGANIZATIONAL PERFORMANCE IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Since time immemorial, information has been considered an essential resource for all types of orga...More »
Item Type: Project Material | 54 pages | 743 engagements |
- 5.
A STUDY ON THE IMPLICATIONS OF ETHICS IN FINANCIAL REPORTING ON MONEY DEPOSIT BANKS IN LAGOS
CHAPTER ONE INTRODUCTION 1.1 Background of the Study The idea that an entity's financial statements are subject to a set of rules dictated by estab...More »
Item Type: Project Material | 54 pages | 843 engagements |
- 6.
AN APPRAISAL OF GLOBAL HEALTH INITIATIVE IN RESPONSE TO PREVENTION TO PANDEMIC DISEASE IN NORTH WEST...
CHAPTER ONE INTRODUCTION Background of the study The Global Health Initiative (GHI) aims to enhance the effectiveness and influence of all U.S. for...More »
Item Type: Assignment | 54 pages | 1,131 engagements |