Table of Contents
Why do we study economics in Nigeria?
The knowledge of economics laws gives you an ability to succeed in any field of business, enterprise, management, and so on. The graduates with good economics education can work as: The lecturers of economics disciplines in the institutions. Economists in various industries.
What are the importance of studying economics?
Studying economics enables us to understand past, future and current models, and apply them to societies, governments, businesses and individuals.
What is the economy of Nigeria based on?
Economy. The Nigerian economy is one of the largest in Africa. Since the late 1960s it has been based primarily on the petroleum industry. A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services. Because this led to a great influx…
What is the role of Economics in the economy?
Economics oversees the business activities, trading activities and financial activities on how people survive in the economy of a country. The relationship, connection, and interaction between money, resources, production and wealth are being determined by economics.
What is the importance of Nee in Nigeria?
NEE (Newly Emerging Economy) Some LICs and NEEs are experiencing rapid economic development which leads to significant social, environmental and cultural change. Nigeria, a rapidly developing NEE in Africa, is a country where this is happening. The Location And Importance of Nigeria Nigeria is a former colony of the UK that is in Sub-
Why is Nigeria so important to the world?
Greater investment and thus employment is creating a positive multiplier effect in Nigeria and, in turn, also increasing Nigeria’s global importance. The USA is the largest foreign investor in Nigeria, with many U.S. companies looking ahead to the potential of a large, growing consumer market emerging in the country.