Democracy and Economic Development is a matter of absolute choice. In the context of West Africa and Africa, contemporary democracy and economic development is a matter of choice and the interplay of internal and external forces at play. The long-term negative effects of colonial legacies and lack of strong democratic institutions are the exact outcome of democracy and development in West Africa. Studies show countries that have strong democratic intuitions develop faster and enjoy the divide...
Inflation instantly brings to mind images of rising prices, shrinking paychecks and unhappy consumers, but is inflation all bad? Inflation is defined as a "sustained increase in the general level of prices for goods and services." Many consumers fear inflation because it reduces the purchasing power of their money”.The influence that inflation has on consumers in Nigeria and other developing nations in Africa can be seen in increase in food prize, fuel price etc. Food price inflation...
Introduction: Agribusiness & Agro Allied sector in Nigeria has the capacity to become a leading agribusiness and agro-allied industrial nation. Of the 923 million square kilometers in Nigeria, over 90 percent is arable, 40 percent is cultivated, and only 10 percent is properly cultivated. Therefore, Nigeria has significant potential to apply technology in intensifying production across a number of agro products. Nigeria’s ongoing Agricultural Transformation Agenda (ATA), the flagship prog...
An innovation system is a network of organizations within an economic system involved in the creation, diffusion and use of scientific and technological knowledge as well as the organizations responsible for the coordination and support of these processes. The concept of innovation refers to the development, adaptation, imitation and adoption of knowledge and technologies that are new to a given context. Innovation systems can found at many levels of the economy such as global, regional, nati...
Success of any nation can be measured in Meritocracy, Pragmatism and Honesty (MPH) This three exceptional policies: Meritocracy, Pragmatism and Honesty. Indeed, lies the success of any nation in the world. Meritocracy means a country picks its best citizens, not the relatives of the ruling class, to run a country. Pragmatism means that a country does not try to reinvent the wheel, no matter what problem Nigeria encounters, somebody, somewhere, has solved it. Let us copy the solution and ada...
Annotation: There are a few who invent great ideas that renew the past and move the future. Imitation takes place in all area of life, from educational sphere to Business, IT Technology Companies, Car Manufacturing companies, Building and construction companies, furniture’s and decorating firms, Engineering, law, medicine, government institutions, press publishing companies, TV, etc. The road to development and sustainable growth lies in the power and art of imitation. We can see these ...
