Economy - overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most...
Available literature has shown that the impact of total government expenditure as well as government expenditure by type of economic growth is mixed. This study extends this literature by examining the impact of government expenditure on agriculture, on Nigeria's economy from 1970 to 2006. General-...
It facilitates everyday transactions between family and friends and supports the informal economy and small businesses. As P2P transactions gain widespread acceptance due to their simplicity and accessibility, they contribute significantly to the growth of the mobile money market in Nigeria, boosting finan...
In 1851 the British attacked Lagos to try to stem the flow of slaves from the area. By 1861 the British government had annexed the city and established its first official colony in Nigeria. As the nonslave trade began to flourish, so, too, did the Nigerian economy. A new economy based...
The government type of Nigeria is Presidential Federal republic where executive power exercised by the president. Nigeria is one of the most populous countries in the world; its rank is merely seventh. However, in Africa, it is most populous country. Surprisingly, the economy of Nigeria is one...
Nigeria, Africa's most populous nation, is home to the continent's largest economy. Its predominantly young and increasingly urban population is fueling significant opportunities in food and agricultural exports. Data from the United States Department of Agriculture (USDA) highlights that as Western cu...
Transportation of people, goods, and services is a vital part of any economy, irrespective of its size and strength. No matter what happens, people and goods will always need to move or be moved from one place to another. Of all the transport sectors in Nigeria, the sector which brings ...
After China, India is the most populous country on the planet. With a population spiralling over a billion souls, the country isn’t just a rapidly emerging power; it’s undoubtedly one of the core pillars of the Asian economy. With an ever blooming financial and tourism economy, the countr...
In the past few years, the sports betting industry in Nigeria has shown incredible growth rates. This is due to the following factors: the rapid development of the national economy (one of the largest countries in Africa), legislation loyal to betting, the population of the state has already...
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