Effect of business on economic development in nigeria article pdf available in journal of business economics and management volume 54. Before we go forward, lets go back, 3,000 years back, and take a quick look at the history of business to remind ourselves just how much the nature of the firm can change over time. In the year 1995, the unique universal primary education was introduced in nigeria. It is a general believe and existing fact that, a country or state without a law is prone to more sin and it is not punishable as there was no provision to sanction erring individual or organization, on the note of this, we shall be discussing on the history of. The major purpose of the study is to highlight the origin of entrepreneurship and education development in. I history and development of mass communications lauriethomas lee encyclopedia of life support systems eolss books are the oldest of the media, with the first known book written in egypt around. Raghavan undated stated that historical inquiry into entrepreneurship is thus engrained in a host of. To gain weight and conform with african standards of beauty, nigerian girls can consume food all day in fattening rooms. Although the years since nigerias return to civilian rule in 1999 have seen an increased interest in its history and politics, nigeria remains one of the most underresearched african countries. The emergence of public enterprise in nigeria the two major forces that led to the establishment of public enterprises in nigeria are the political and economic factors. Nigeria has the highest rate of twin births per year globally.
May 07, 2018 history of business education in nigeria. Rcmssijpamr8 abstract the overriding consideration in foreign policy implementation is always based on the concept of. Published by european centre for research training and development uk. The history of entrepreneurship and smes small and medium enterprises development initiatives in nigeria can be traced to 1964 when the federal. The history of marketing extends back in time to the most primitive societies, for it can be argued that some activities that are today regarded as small fractions of marketing date back to centuries before the birth of christ. Although the years since nigeria s return to civilian rule in 1999 have seen an increased interest in its history and politics, nigeria remains one of the most underresearched african countries. The history of political parties in nigeria began when the first political party in nigeria was established in 1959, the year before nigeria gained her independence from great britain.
This is approved for students in accountancy business computer science economics engineering arts. In 1959, there were three political parties in the country and they include the following. Geographical, historical and political profiles of nigeria 1. Project muse nigeria and the challenge of industrial. Colonialism is a major feature of the economic history of nigeria.
Analyses also show that entrepreneurship development in nigeria is mainly hinged on necessity. But, given past experiences, many are not yet convinced that this is the long term solution to nigerias industrial development challenges. Britain eventually gained control of nigerian administration. Business in nigeria has been classified as small, medium and large. D department of industrial relations and personnel management, faculty of business administration, university of lagos, nigeria obisi. Doing business in nigeria 7 requirements for incorporation of a company 8 history 9 subsectors 9 type of licences performance target for privatised entities 16 highlight of the sector issues after takeover 16 ongoing strategies to address sector issues 18 general sector updates since privatisation 22 1 2 3 overview of the nigerian power sector. Business education history timeline by michel humphrey on prezi. Going by the ethics of apprenticeship, an individual is required to learn a craft, trade or other occupation under someone who has acquired the basics of that craft. Australian journal of business and management research vol. History of curriculum development in nigeria peakng.
Nigerias movie production industry, nicknamed nollywood, is the secondlargest in the world by volume. The following information explores the nittygritty of business development, what it encompasses, and the standard practices and principles to which business development adheres. Manpower development in nigeria is an essential ingredient needed in the growth of the economy. This paper reports on the present condition of higher education in nigeria and assesses the new policy initiatives against this backdrop. In nigeria, nobody can dispute the fact that though this taxes are been collected, they are. The economic development of nigeria from 1914 to 2014. The historical background of entrepreneurial development in. Historical development of marketing business plan nigeria. Below are some important information concerning the history of primary education in nigeria. Some observations and agenda for research chris obisi1, ph. The history of business education 1990 1984 the perkins act is passed to provide more federal money for vocational programs and develop students to enter into the labor force.
The topdown development strategies in africa in general and nigeria in particular have generally not succeeded. Political leadership and corruption in nigeria since 1960. October 2014 215 entrepreneurship and economic development in nigeria. This study examines the impact of microfinance institutions in financing small scale enterprises for economic growth in nigeria. The primary education system was first established in the western region of nigeria, followed by the eastern region in the year. This online research paper is approved and well researched for final year students and under graduates in accountancy, business administration, computer science, economics, electrical and electronics. Library of congress federal research division country profile. Hartnettb and erich strassnerc athe world bank, 1818 h street, n. We are sure youve always wanted to know about the entrepreneurship development in nigeria. However, a small scale industry can be explained by the. Fifty years of entrepreneurship development in nigeria. A contemporary perspective kipkemboi jacob rotich1, moi university, school of human resource development, department of development studies, p.
When the word development comes to mind, you think of growth, change for the better, advancement, significant progress and such. History of marketing in nigeria over the years, the nigerian marketing system has faced numerous social and economic problems ranging from the countrys slow pace of development to its present state of both economic and political crises. Nigeria, july 2008 2 of slaves flowed north across the sahara for a millennium, ending only at the beginning of the twentieth century. Economic development in nigeria, although has been rocked back and forth by various political, sociocultural, financial and infrastructural setbacks, the economic development of a country like nigeria cant be said to have totally been where it used to be, or to have back tracked as some people insinuate. And companies that anticipate and adapt to these profound shifts will have the best chance to succeed in the new era. The historical background of entrepreneurial development in nigeria. History of business education in nigeria information. Given the generally held view that entrepreneurship development is the key to poverty eradication, employment generation and rapid economic development, various governments in nigeria have, over the past three decades, evolved policies and programmes, aimed at developing entrepreneurship through the development of small and. Unesco eolss sample chapters journalism and mass communication vol. The history of nigeria can be traced to prehistoric settlers nigerians living in the area as early as 1100 bc. Get free research paper on a survey of relevance of business education program to economic development of nigeria project topics and materials in nigeria. By examining key themes such as colonialism, religion, slavery, nationalism, and the economy, the authors show how nigerias history has been swayed by the.
In its general conception, business education began in the form of apprenticeship. Development strategy for nigeria moses akpobasah at a 2day nigeria meeting organized by the overseas development institute, london, 1617 june 2004 contact. A series of unfortunate political and economic events have stalled nigerian growth. National interest and national development in nigeria. Many saw nigeria, with 15% of africas population, as an emerging economy. Taxation in nigeria and history of taxation in nigeria a tax in nigeria is a compulsory levy imposed by the federal government of nigeria on individuals and corporate entities in respective of return of service expected from the government. National council of nigeria and the cameroons ncnc. Furthermore, the country continues to face massive developmental challenges, which. International journal of business and social science vol. The discovery was made by shellbp, at the time the sole concessionaire. It is a process that enables organisations to ensure there is. D department of sociology university of calabar email.
Geographical, historical and political profiles of nigeria. The perkins act is amended to provide more help for those with special needs and those who are. The history of curriculum development in nigeria curriculum development during and after the phelpsstokes commission 1925 to 1952 the phelpsstokes commission was noted for the initial failure to help in matching education to the needs of nigerians. Walking is the earliest form of movement man ever employed and we still use it till date. Problems of nigeria development plan and possible solutions. In this post, we will look at the problems of nigeria development plan and possible solutions. After independence, the nigerian economy seemed very promising. There has been a noticeable upgrading of educational facilities in. Entrepreneurship and economic development in nigeria. This was not the case prior to this time and even the recent development has not been. Federal republic of nigeria implementation of the sdgs. The historical background of entrepreneurial development.
Numerous ancient african civilizations settled in the region that is today nigeria, such as the kingdom of nri, the benin empire, and the oyo empire. List of business development companies and services in nigeria. Business development nigeria list of nigeria business. Entrepreneurship evolution and the growth of small scale businesses in nigeria. Within nigeria, slavery was widespread and bore social implications that are still evident. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. Doc the economic development of nigeria from 1914 to 2014. While nigeria has made some progress in socioeconomic terms in recent years, its human capital development remains weak due to underinvestment and the country ranked 152 of 157 countries in the world bank s 2018 human capital index. Oil was discovered in nigeria in 1956 at oloibiri in the niger delta after half a century of exploration. The major reason for this was the excess attention given to academic curriculum. This paper therefore seeks to discuss nigerias new industrial development strategy, the cluster concept, against the backdrop of previous policies. Entrepreneurship evolution and the growth of small scale.
Pdf effect of business on economic development in nigeria. During the british colonial administration, nigerias economic. The paper concludes that for nigeria to experience sustainable socioeconomic. Aug 09, 2016 taxation in nigeria and history of taxation in nigeria a tax in nigeria is a compulsory levy imposed by the federal government of nigeria on individuals and corporate entities in respective of return of service expected from the government. This paper discusses the evolution and current development of principles and practice of entrepreneurship in nigeria. Section 2 presents highlights of historical nigerian. The topdown development strategies in africa in general and nigeria in particular have generally not succeeded inraising the living standards among the rural poor. Nigeria is a famous country with more than one hundred and forty million population. Evidence from small and medium scale enterprises smes financing abdulkemi, idris zubair director zonal offices coordination department. This article is useful for policy makers, public office holders and researchers. Get free research paper on contribution of small and medium scale enterprises to economic development of nigeria research project topics and materials in nigeria.
Doc the economic development of nigeria from 1914 to. Time series data from central bank of nigeria cbn report on the activities of microfinance institutions. To nurture entrepreneurial development, small and medium scale enterprise operators or entrepreneurs are being considered as main sustenance of the economy. Nigeria joined the ranks of oil producers in 1958 when its first oil field came on stream producing 5,100 bpd. Business education history timeline by michel humphrey on. Employee training and development in nigerian organisaitons. In nigeria, the central government applied the tool of national development planning.
National interest and national development in nigeria victor i. Pdf this paper underscores the importance of policy formulation in. Published in higher education policy, 2003, 16, pp. The history of business education in nigeria answers. Taxation in nigeria plus history of taxation in nigeria. History and development of political parties in nigeria. D department of political science, benue state university, makurdi abstract the paper examines rural or community development in nigeria with emphasis on the. Going by the ethics of apprenticeship, an individual is required to learn a craft, trade or other occupation under someone who has. Ahistoryofnigeria assets cambridge university press. Federal republic of nigeria implementation of the sdgs a. Islam reached nigeria through the borno empire between 1068 bc and hausa states around 85 ad during the 11th century, while. However transportation technology has obviously evolved to the point that man can now travel to outer space. Entrepreneurship development in nigeria science arena.
1594 551 442 792 672 806 374 816 1650 534 1127 69 791 1304 451 759 871 847 425 662 982 1132 1277 323 915 902 1157 376 504 1105 552 618 767 640 966 373 542 98 338 1437 742 56 1063 391 772 305