Over the years, Nigeria has been known to attract large FDI inflows, deliver high return on investment potential, and have a large consumer market. FDI is accepted as an agent of growth in any economy because it brings in additional capital, knowledge, and technology, which enhances ...
Lagos is dominated by the Yorubas but contains residents hailing from almost every ethnic group in Nigeria. As it sprawls across Lagos Lagoon, part of this megacity is a floating fishing community in the Makoko area, with many of the properties built on stilts. As the population has grown,...
EffectClimate ChangeRice ProductionNigeriaThe Nigerian economy largely depends on agriculture which is vulnerable to unfavorable climatic conditions. Consequently, rice is a very important staple crop, widely cultivated and consume by millions of people in the country. Nigerian government policy heavily ...
and community investments. We contribute indirectly to the economy in many ways, but the benefits of the technology we provide deliver our greatest indirect impact. Our own research has found that 5G-enabled industries have the potential to add USD 8 trillion to global GDP by 2030,...
Our national integration of agriculture is the country’s biggest and most dysfunctional case ofpath dependence. Bummer that HFCS makes us fat and diabetic, but it’s part of a system that long ago metastasized throughout our economy. Poor RFK, that’s what he’s up against: its deep ...
This is equal to about 180,000 barrels of oil per day. Since then, oil consumption in Nigeria has drastically increased. The effect of this increase on the economy relying solely on revenue from oil is tremendous. Also, the Department for Petroleum Resources[6] reported an amount of ...
International trade depends heavily on trade credit being extended; around 90% of trade is traditionally financed by short-term credit. With the credit crunch starting to bite, trade finance has also been reduced, concurring with an estimated fall in world trade around 10–15% (Auboin, 2009),...
of each newsreport,you will hear two or three questions.Both the news report and the questions will be spoken only once.After you hear a question, you must choose the best answer from the four choicesmarkedA), B), C) and D).Then mark the corresponding letter onAnswerSheet 1with a...
CHAPTER 36 Energy and the Economy in Europe Manfred Hafner and Pier Paolo Raimondi 1 Introduction Europe is one of the most important components of the world's economic and energy systems, but the European energy landscape is characterized by great heterogeneity due to important ...
The hypothesis further emphasizes that government policies aimed at expanding or restricting energy consumption also have no effects on economic growth. There may be exceptions to this hypothesis, however. For instance, for an economy like Nigeria that depends on both local and international energy ...