essay on the diversification of the Nigerian economy :the way forward
Answers
The Nigerian economy has long been heavily reliant on oil as its primary source of revenue. However, recognizing the vulnerabilities of such a mono-product economy, the Nigerian government has embarked on a determined journey to diversify its economic base. This essay explores the multifaceted aspects of Nigeria's economic diversification, highlighting the challenges, opportunities, and the potential for sustainable development.
Historical Background:
Nigeria's economy witnessed a significant transformation following the discovery of oil in commercial quantities in the 1950s. The subsequent boom in oil exports fueled rapid economic growth but also engendered an overdependence on this finite resource. Over time, fluctuations in global oil prices exposed the Nigerian economy to inherent risks, causing volatility, economic downturns, and hindering long-term development.
Challenges Faced:
The diversification of an economy as resource-dependent as Nigeria's is not without challenges. First and foremost, the overreliance on oil has led to neglect of other sectors, resulting in an underdeveloped infrastructure, weak manufacturing base, and limited agricultural productivity. Additionally, corruption, inadequate policies, and an inconsistent business environment have hindered investment and hindered economic diversification efforts. Nonetheless, the Nigerian government has demonstrated a strong commitment to addressing these challenges.
Opportunities for Diversification:
Nigeria is endowed with a wealth of natural resources, including solid minerals, agriculture, renewable energy, and a growing youth population. These resources offer immense opportunities for diversification. The agricultural sector, for instance, possesses the potential to drive sustainable growth, with vast arable land, favorable climatic conditions, and a growing demand for agricultural products. The solid minerals sector, though largely untapped, holds significant promise, with reserves of gold, tin, limestone, and other valuable resources. Furthermore, the government's focus on renewable energy sources, such as solar and wind power, paves the way for sustainable energy production and export potential.
Policy Reforms and Initiatives:
To foster economic diversification, the Nigerian government has implemented various policy reforms and initiatives. The Economic Recovery and Growth Plan (ERGP) launched in 2017 serves as a roadmap for sustainable development. It emphasizes key sectors such as agriculture, manufacturing, solid minerals, and services. The plan includes measures to improve the ease of doing business, attract foreign direct investment, upgrade infrastructure, enhance agricultural productivity, and promote industrialization. Furthermore, the government has created special economic zones and introduced tax incentives to encourage investments in targeted sectors.
Supporting Entrepreneurship and Innovation:
Entrepreneurship and innovation play pivotal roles in diversifying the Nigerian economy. The government, recognizing this, has implemented measures to support startups, small and medium-sized enterprises (SMEs), and innovation hubs. The Central Bank of Nigeria's intervention funds, such as the Anchor Borrowers' Program and the Creative Industry Financing Initiative, provide access to affordable credit for agricultural and creative industry entrepreneurs. Additionally, various initiatives, such as the Presidential Enabling Business Environment Council and the Technology and Innovation Support Centers, aim to create an enabling environment for entrepreneurship and innovation.
Investment in Human Capital:
The diversification of the Nigerian economy also necessitates investment in human capital. The government has prioritized education and skills development to equip the population with the requisite knowledge and expertise. Initiatives such as the N-Power program, the National Skills Qualification Framework, and the establishment of specialized vocational training centers aim to enhance employability and promote a skilled workforce. By investing in education, research and development, and vocational training, Nigeria can cultivate a knowledge-based economy and create a competitive advantage in the global marketplace.
Conclusion:
The diversification of the Nigerian economy is an essential step toward sustainable development, reducing the nation's vulnerability to external shocks and fostering inclusive growth. While challenges remain, such as corruption, policy implementation, and infrastructure deficits, the Nigerian government's commitment to economic diversification is evident through the implementation of comprehensive policies and initiatives. The opportunities for diversification in Nigeria are vast, ranging from agriculture and solid minerals to renewable energy and technological innovation.
Related Questions
You are eligible to get your Class E restricted license when you
are at least 16 years old and have had your Learner License for
at least. ___months.
9
2
6
12
Answers
Answer:
6 months
hey!
To apply for a provisional driver's license, a driver must be at least 16 and under 18 years old. The person must have held a learner's permit for at least six months prior to applying for a provisional driver's license.
The driver also must have at least 100 hours of driving experience supervised by a person at least 21 years of age who has had a valid driver's license for at least three years. Alternatively, the driver can complete a traffic safety education course and at least 50 hours of supervised driving experience.
hope that helps! :)
Answer:
The correct answer is 6 months.
Explanation:
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Investigating careers
which of the following allows the person to have a normal job while also serving in the armed forces?
A. National Guard
B. Navy
C. Air Force
D. Coast Guard
Answers
The National Guard allows individuals to have a normal job while serving in the armed forces (option a).
1. The National Guard is the option that allows individuals to have a normal job while serving in the armed forces.
2. The Navy, Air Force, and Coast Guard are branches of the military that require full-time commitment without the possibility of a civilian job.
3. However, the National Guard is a unique reserve component of the United States Armed Forces that operates in both a federal and state capacity.
4. National Guard members typically serve part-time, usually one weekend per month and two weeks during the summer, allowing them to maintain civilian employment.
5. In times of need, such as during a natural disaster or in times of war, National Guard members can be called upon to serve on active duty.
6. While on active duty, National Guard members receive the same benefits and responsibilities as full-time active-duty personnel.
7. Once the active duty period is over, National Guard members return to their civilian jobs and continue with their normal lives.
8. This unique arrangement provides individuals the opportunity to serve their country while also pursuing a civilian career.
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harm done to someone in response to harm
Answers
Answer:
a negative effect
Explanation: also revenge
Can a registered nurse with a diploma from a hospital-based nursing school enroll in graduate nursing school without any preconditions? If not, explain what he or she must do first.
Answers
Answer:
To enroll in graduate nursing school, a registered nurse with a diploma from a hospital-based nursing school may have to meet preconditions, such as completing a bachelor's degree in nursing.
what your favorite food says about you
Answers
Answer:
says more about who you are as a person
Answer:
my favorite food is pasta
Explanation:
How to money easily?
Answers
Answer:
Go To Collage Get A Good Job.
Explanation:
There are _____ levels of courts in the Federal Government
Answers
Answer:
3 main
Explanation:
What is one reason the principle of stare decisis is important?
It defines what areas of law each court controls.
It prevents Congress from writing unethical laws.
It provides stability in the rule of law for all citizens.
It ensures the courts are able to financially support themselves.
Answers
One reason the principle of Stare Decisis is important is C. It provides stability in the rule of law for all citizens.
What is Stare Decisis?Stare Decisis is a judicial doctrine in which a court looks at previous judicial decisions when the same points come up again.
It literally means "let the decision stand" and directs lawyers to carefully overturn decisions made by previous courts.
The vital point of stare decisis is that it allows judges to decrease the uncertainty concerned with making decisions.
They can check their results against the earlier results reached by judges that have handled such cases and reached a decision as well as allows all citizens to fully experience the rule of law.
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Which of the cars below may pass?
Answers
Answer:
B
Explanation:
Since there are two lanes, B may simply pass in the left lane
A person is convicted of armed robbery. In what situation would the defendant be able to appeal the trial court decision?
The trial judge wrote a dissenting opinion.
They can show there was an error of law.
The trial used an adversarial system.
There was irrelevant evidence.
Answers
Answer:
The defendant would be able to appeal the trial court decision in the following situation:
They can show there was an error of law: If the defendant can demonstrate that there was a legal error made during the trial proceedings, such as an incorrect interpretation or application of the law, it could provide grounds for an appeal.
It's worth noting that the other options you mentioned, such as the trial judge writing a dissenting opinion, the trial using an adversarial system, or the presence of irrelevant evidence, do not necessarily provide direct grounds for an appeal.
A dissenting opinion from the trial judge means that they disagreed with the majority decision, but it doesn't automatically invalidate the trial court decision or provide grounds for an appeal.
The use of an adversarial system is a standard approach in many legal systems and is not in itself a basis for appeal.
The presence of irrelevant evidence may be an issue during the trial, but it does not guarantee the right to appeal unless it significantly impacted the fairness of the trial or affected the outcome in a prejudicial manner.
A person convicted of armed robbery can appeal the trial court decision if they can show an error of law took place during the trial or irrelevant evidence was introduced. A dissenting opinion by the judge or the fact that the trial used an adversarial system are not valid grounds for appeal.
Explanation:A person convicted of armed robbery has the right to appeal the trial court decision under certain circumstances. The most typical situation would involve showing that there was an error of law during the trial. An error of law might occur if the court wrongly applied or interpreted a law, made a procedural mistake, or allowed inadmissible evidence. Furthermore, they may also appeal if irrelevant evidence was introduced that may have influenced the jury's final decision negatively. However, a judge having a dissenting opinion or the simple fact that trial used an adversarial system are not valid grounds for appeal.
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Why do you suppose that the framers of the Constitution thought that no fixed terms on federal judges would ensure judicial Independence?
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Answer:
By not setting election terms on Supreme Court Justices the framers allowed the judges to not be swayed by the vote of the general population and to just abide by the law
Most often what do you win in a civil case
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Why are the rules different for children than they are for adults in the court?
Answers
Answer: It isn't really
Explanation:
It comes down to public pressure and other reasons.
HAMSTER ON A PIANO DONT ANSWER THIS PLEASE
Answers
Answer:
piano
Explanation:
its better
Answer:
I am a girl and I need friends which are girls and i need friends invitations from only girls.
8. What is the difference between an arrest and a booking?
Answers
Answer:
Down below
Explanation:
An arrest is when you put the handcuffs on the person and read them their rights. You are formally accusing the person of committing a crime and placing them in police custody. A booking is when you you do things like mugshots and get their personal information to put into the record.
Haven't done criminal justice in a while, so I hope this is right. Good luck! :)
A sample of air occupies 10 L at 127 degrees Celsius and 1 atm pressure. What volume will the air occupy when it’s cooled to -23 degrees Celsius at the same pressure
Answers
Answer:
The volume that the air occupies is 15,996 L
Explanation:
The combined gas law is used.
(P1 * V1) / T1 = (P2 * V2) / T2
Having the data of:
P1 = 1 atm
V1 = 10L
T1 = 127 degreees celsius = 400.15 K
P2 = 1 atm
T2 = -23 degrees celsius = 250.15
(P1 * V1) / T1 = (P2 * V2) / T2
(P1 * V1 * T2) / (T1 * P2) = V2
V2 = (1 atm * 10L * 400.15 K) / (1 atm * 250.15 K)
V2 = 15.996 L
Explain the differences
between fundamental law and statutory law.
Describe the role these two categories of law play
in constitutional change and reform.
Answers
Answer:
Fundamental law is the legal foundation of a nation, and it establishes the basic principles that govern the nation. It cannot be changed without the approval of the people. Statutory law is created by the legislature and can be changed by a simple majority vote. It is the body of law that governs the day-to-day operations of the government. Constitutional change and reform can only be accomplished through a change in the fundamental law.
In the federalist No. 78 Alexander Hamilton said that the judicial branch of the national government would be the weakest of the three branches. Does the case of the Worcester v. Georgia suggest he was right ? Explain.
Answers
Answer:
The case of Worcester v. Georgia suggests that the judiciary has significant power to interpret and enforce the law, including the ability to check the power of the states and other branches of government.
Explanation:
The case of Worcester v. Georgia does not necessarily suggest that Alexander Hamilton was right in his assertion that the judicial branch would be the weakest of the three branches of the national government. In fact, the case could be seen as evidence to the contrary.
In Worcester v. Georgia, the Supreme Court of the United States ruled that the state of Georgia did not have the right to regulate the conduct of non-Native Americans on Native American lands. This decision was significant because it established the principle of tribal sovereignty, which recognized Native American tribes as distinct political entities with the power to govern themselves.
The ruling in Worcester v. Georgia was based on the interpretation of the Constitution and federal law by the Supreme Court, which demonstrates the significant role that the judiciary plays in interpreting and upholding the law. Moreover, the Supreme Court's decision in this case defied the state of Georgia's attempts to nullify federal law, demonstrating the power of the judiciary to check the power of the states.
Therefore, while Hamilton may have believed that the judicial branch would be the weakest of the three branches, the case of Worcester v. Georgia suggests that the judiciary has significant power to interpret and enforce the law, including the ability to check the power of the states and other branches of government.
If someone committed Deforestation, Eco terrorism, Abuse, Osha violations, reckless endangerment, charity fraud, slander, illegal logging, assualt, battery, pollution and environmental laws how much time would they spend and jail and be fined?
Answers
The jail time and fines may vary for violating these environmental laws, and it depends on the severity and other things.
The amount of time someone would spend in jail and the fine they would receive for committing deforestation, eco-terrorism, abuse, OSHA violations, reckless endangerment, charity fraud, slander, illegal logging, assault, battery, pollution, and environmental laws would vary depending on the specific circumstances of the case.
The penalties for these crimes can range from a few months in jail to several years, and the fines can range from a few hundred dollars to several million dollars. In some cases, the offender may also be required to pay restitution to the victim or victims.
The specific penalties for each crime are set by federal or state law. For example, the penalties for deforestation and eco-terrorism are set by federal law, while the penalties for abuse, OSHA violations, reckless endangerment, charity fraud, slander, illegal logging, assault, battery, and pollution are set by state law.
Thus, punishment for these crimes varies as per the circumstances.
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An act of disorder by a group of inmates against prison staff or another group of inmates. Inmates usually take control of a section of the prison.
a. prison raid
b. prison party
c. prison riot
d. prison fight
Answers
C
Explanation:
Prison riots are a form of civil disorder that occurs when inmates in a prison refuse to follow the rules or orders of prison administrators.
what law enables citizens to obtain information from the government about a subject of interest when a written request is made?
Answers
let me know if anyone needs help :)
Answers
Answer:
I do
Explanation:
In "The Three Brass Pennies," how does Ah Fo's decision to give back the magic pennies affect the magician?
1 Like Ah Fo, he learns that hard work and honest effort bring more happiness than power or money.
2 He insists that Ah Fo keep the pennies and helps him make sensible wishes for a castle and a wife.
3 Because of Ah Fo, the magician no longer allows people to choose what they want to wish for.
4 It teaches him that the magic pennies are dangerous to people and he keeps them for himself.
Answer:
I need one as well
Explanation:
please need helppp. classify the subjects below into 2-6 group based on their similarities and differences
rose
coffee
silk
banana
Battery acid
lemon juice
bronze statue
gold
paint
Investigating careers. Answer quick, 80 points.
One of the main issues pre-school teachers face is helping kids do which of the following?
A. be away from their parents
B. learn a different language
C. pass standardized tests
D. graduate pre-school
Answers
Answer:
Explanation: passing standardized tests will help the teachers in gaining more confidence while teaching students and to interact with them in a different manner.
"You may say you're not guilty-the whole
world may say you're not guilty-but I will
prosecute you to the ends of the earth and put
you behind bars for the rest of your life."
What is the intentional tort or defence?
Answers
The statement indicates a threat to prosecute relentlessly and impose life imprisonment, potentially constituting the intentional tort of "Intentional Infliction of Emotional Distress" IIED.
The intentional tort in question is the "Intentional Infliction of Emotional Distress" (IIED). IIED occurs when a person engages in outrageous and extreme conduct that intentionally causes severe emotional distress to another individual. In this case, the speaker threatens the accused with relentless prosecution and lifelong imprisonment, despite the possibility of them being innocent. The statement implies a deliberate intention to harm the accused emotionally, causing them significant distress and anxiety.
To establish a successful IIED claim, certain elements need to be proven.
Firstly, the conduct must be deemed outrageous and beyond the bounds of decency. The speaker's vehement determination to prosecute the accused relentlessly and imprison them for life can be viewed as extreme and beyond what is considered acceptable behavior.Secondly, the plaintiff must demonstrate that they suffered severe emotional distress as a result of the defendant's actions. The threat made by the speaker, proclaiming their intent to pursue the accused relentlessly, can reasonably be expected to cause severe distress and anxiety to the accused.Finally, the plaintiff must establish a causal link between the defendant's conduct and their emotional distress. The direct threat made by the speaker connects their conduct to the emotional distress experienced by the accused.Thus, this scenario aligns with the potential claim of Intentional Infliction of Emotional Distress.
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Do you believe in the death penalty for criminals who commit very violent crimes? How do we decide to use or not use the death penalty?
Answers
Answer:
No. Death is simply the end. There are many people who deserve more than death like rap**ts, serial ki**ers, etc. They should instead be used to test drugs and other things like makeup. Instead of being tested on animals, these people who don't deserve to live go through it.
Explanation:
I'm assuming this is an opinion question.
Should trump have waited until after the election to nominate a new supreme court justice? Explain your answer...
Answers
Answer:
YES YES AND YES
Explanation:
First of all the Amy is a terrible human being who is attemting to bring us back to the dark ages. Plus her following RBG is literally insulting. RBG was the queen and Amy is everything she hated in a person. Second of all when Obama tried to name a judge literally further away from the election the Republicans said that was not possible and that if they ever tried to pull that move we could use their word against them. Well look what they are doing. I hate this country
if u were looking for a more educational responses oops sorry i just needed to rant.
Please help me with this Forensic Science question, ASAP.
Based upon the information you have learned throughout this module on blood spatter analysis, do you feel that analyzing blood spatter is the most reliable way to gain information about a particular crime scene? Do you think that analyzing the blood spatter gives you enough information to be able to charge someone with the possible crime? Conduct your own research on this as well and support your answer with a real-life case where blood spatter analysis was used. Include a copy of the URL to the article/site you found the real-life case example.
Answers
Answer:
i noticed you asked this 3 weeks ago did you get the answer already by any chance im stuck on your same question but if not i could try to figure it out for both of us.
Explanation:
why do we have to follow the rules of the law
Answers
Answer:
Why cant we have chaos and be free like the animals in the wilderness..
Animals dont have laws in the animal kingdom
why should we..?
Because who wanst to get arrested and plus following laws keep communities safe and healthy and happy but legit idrk
Which is not an example of an employee benefit?
A. Paid time off for holidays
B. Paid time off for illness
C. Health insurance
D. Mandatory pay raises
Answers
Answer:
D. Mandatory pay raises
Explanation:
Employee benefits are additional benefits applied with current wage salaries. Answer D is not extra addition onto the current salary, so D is your best option.
Hope that helped you. :)
How much control should a government have over an individual’s rights regarding vaccination?
Answers
Answer:
The question of how much control a government should have over an individual's rights regarding vaccination is a complex and controversial issue. On one hand, vaccines are an effective public health tool that can prevent the spread of infectious diseases and protect the population as a whole. However, vaccination also involves personal medical decisions and individual rights.
Generally, governments have the authority to mandate vaccines for certain groups, such as healthcare workers or schoolchildren, to protect public health. However, some people may object to mandatory vaccination on religious, philosophical, or medical grounds, and there may be concerns about government overreach and infringement on individual rights.
Ultimately, the balance between individual rights and public health needs will vary depending on the specific circumstances and the culture and values of a given society. It is important for governments to engage in open and transparent communication about the benefits of vaccines and the risks of vaccine-preventable diseases, while also respecting individual autonomy and providing education and resources to help people make informed decisions about their own health.