Discuss the economic contribution of book production in nigeria

Thomas malthus in 1798 in his book entitled, first essay on. Nigeria has the highest rate of twin births per year globally. Nigeria is sub saharan africas largest economy and relies heavily on oil as its main source of foreign exchange earnings and government revenues. Its southern coast is on the gulf of guinea in the atlantic ocean. Two years later, crude oil production in the country started from the same oil field with about 5100 barrels per day, making nigeria an oilproducing nation. Past and present environmental issues in the nigerias niger delta. American journal of environmental protection, 1 4, 7890. Publishing is the activity of making information, literature, music, software and other content available to the public for sale or for free. Enefaa abstract this paper investigates the relationships subsisting between the operations of discount houses and the performance indices of the money market and the general economy. One cannot end a discussion on nigerian publishing without referring to the university. Economic contribution, constraints, and opportunities abiodun bankole university of ibadan, nigeria follow this and additional works at. This will give additional evidence on the contribution of agriculture to economic growth on nigeria. It contributes to economic growth and development as well as a major employer to majority of the people of subsaharan africa including nigeria, especially those in the rural areas. This paper is also published as a chapter in the book.

Nigeria is by far the worlds largest producer of yams, accounting for over 7076 percent of the world production. Book piracy in nigeria need to be checked as this is downgrading the publishing industry. Role of agriculture to economic growth and development. The countrys participation in international trade was majorly influenced by the level of activities in agriculture, and its economic contribution. Exploring the cultural challenge mofope adegboye department of business administration university of lagos lagos, nigeria abstract purposethe purpose of this paper is to examine the applicability of contemporary western management theories within the context of the nigerian national culture. Ancient greek writers such as the philosopher aristotle examined ideas about the art of wealth acquisition, and questioned whether. The need for the application of icts to publishing and book trade in nigeria was proposed. Transportation is an economic factor of production of goods and services, implying that it is fundamental in their generation, even if it accounts for a small share of input costs. Pdf on sep 29, 2010, thomotuya, vincent chinyere thomotuya and others published the role of import substitution industrialization policy in the economy of nigeria. Because this led to a great influx of rural people into the larger urban centres. The current paper discusses both the economic importance of natural resources and how, by. Colonialism is a major feature of the economic history of nigeria.

The signs of the pearson correlation coefficient between gdpagricmanmin and bankagricmanmin are 0. Human settlement occurred at least as early as 11,000 b. Transportation and economic development the geography of. The economic development of nigeria from 1914 to 2014. This is one of the methods of promoting the publishing. Possible solutions to challenges in nigeria today soapboxie. It looks at practices in the book publishing industry and at the various. Adedipe 2004, stated that at independence in 1960, agriculture was the dominant sector in nigerian economy, with a contribution of 70% to the nations gdp, employing about 70. Nigeria the colonial economy, 18601960 posted by on 352003 10. This can happen only when there is a facility for savings.

Oil price volatility continues to influence nigerias growth performance. Determinants of economic growth in nigeria kazeem b. Initiate a discussion on regional book distribution mechanisms support. Nigerias movie production industry, nicknamed nollywood, is the secondlargest in the world by volume. Contribution of agricultural production to the growth of. Since the late 1960s it has been based primarily on the petroleum industry. Reviews the historical background to the developments of the nigerian book industry. There should be free seminar organization by successful businessmen and women as well as the government. This brochure provides new data on the economic and social benefits of air transport including its valuable contribution to job creation and gross domestic product gdp. The effects on peaceful production and trade were terrible since slave trade was a. Highquality institutions in the present, and planning for the future, can turn the socalled. Phd london cna department of economic and management studies, college of social and management sciences afe babalola university, pmb 5454 adoekiti nigeria. Make books and culture a national strategic development objective develop a.

Traditionally, the term refers to the distribution of printed works, such as books. A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services. Domestic production of livestock products is far below the national demand, resulting in large. Economic contribution of the nz book publishing industry. This paper explores the political economy of book publishing in nigeria. This is an indication of strong positive relationship between production sector contribution to gdp and commercial banks credit to production sector in nigeria. The government can introduced more methods that can track down book pirates in nigeria. One indication of the unhealthy state of the book sector in nigeria since 1981 has been the number of task forces, study groups, conferences and committees set up to make recommendations on various facets of book production and. Nigerian university press supplied titles for distribution. Therefore, the role of agriculture for the development of an economy may be stated as below. Ross, alan 2000 the impact of technology on the publishing trade. The agriculture sector is the backbone of an economy which provides the basic ingredients to mankind and now raw material for industrialisation. Role of money market in economic development of nigeria. Around 1450, in what is commonly regarded as an independent invention, johannes.

Following the oil price collapse in 20142016, combined with negative production shocks, the gross domestic product gdp growth rate dropped to 2. For most of its history, nigeria was an unincorporated region comprised primarily of tribal groups with regional economies. Between 2000 and 2014, nigerias gross domestic product gdp grew at an average rate of 7% per year. Umoh introduction this article overviews the growth and development of the nigerian economy from inde pendence to present times. The challenges of agriculture and rural development in africa. Role of agriculture in the economic development of a country. Christian missionaries laid the foundation for book production in nigeria when reverend hope waddell and samuel. Pdf the political economy of the publishing industry in nigeria. In nigeria, because 70% of the population is employed in the. Doc the economic development of nigeria from 1914 to. Agricultural development, a subset of economic development, implies a sustained increase in the level of production and productivity over a reasonable length of time and the subsequent improved wellbeing of farmers as reflected in their higher per capita income and standard of living. The emancipation of the nigerian economy from the 1914 regions of nigeria. Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells its outputs or products it will produce, and how much of each kind of labour, raw material, fixed capital good, etc.

The industrialization strategy aims at achieving greater global competitiveness in the production of processed and manufactured goods by linking industrial activity with primary sector activity. Industrial development and growth in nigeria unuwider. Cocoa production is important to the economy of nigeria. Problems and prospects of book publishing in nigeria. Livestock development is an important component of nigeria agriculture with abundant social and economic potentials.

Uniprojects aim of providing this contribution of agricultural production to the growth of the nigerian economy project research material is to reduce the stress of moving from one school. Ajide1 this paper investigates the role of frazer economic freedom index on fdigrowth relationship over the period spanning 1980 through 2010 using annual time series data. This will create awareness and impact on becoming good entrepreneurs in the country. Contribution of agricultural production to the growth of the nigerian economy project material. Oil production has been going on in nigeria for over 50 years together with the production of natural gas. For there to be economic development in nigeria, there should be economic empowerment by both government and individuals. The economic development of nigeria from 1914 to 2014 casade. Nigeria entered recession in 2016 as a result of lower oil prices and production, exacerbated by militant attacks on oil and gas infrastructure in the niger delta region, coupled with detrimental economic policies, including foreign exchange restrictions. Role of financial system in economic development of a country.

The nigerian economy is one of the largest in africa. Till recently economists have been considering physical capital as the most important factor determining economic growth and have been recommending that rate of physical capital formation in developing countries must be increased to accelerate the process of economic growth and raise the living standards of the people. It gives information about the contributions of the minerals to the countrys foreign exchange earnings between 1900 and 1960. These we organize by major categories of economic activity, indicators of how goods, services and opportunities are distributed. Nigeria the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. Please, sit back and study the below research material carefully. Following the 200809 global financial crises, the banking sector was effectively recapitalized and regulation enhanced. The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics, from the ancient world to the present day in the 21st century.

According to ariyo 1997 nigeria s over dependence on oil revenue to the total neglect of other revenue source was encouraged by the oil boom of 197374. Book publishing contribution to the nations economic. An overview of the nigerian economic growth and development. Recent growth has been due to growth in sales in commodities, services, and manufacturing. Doc the economic development of nigeria from 1914 to 2014. A countrys contribution to gdp, and thus its own economy, is easily visible when looking at the performance of these three sectors. The production sector of the nigerian economy economics essay. Discount houses operations, the money market and the nigerian economy. Thus, since the discovery of crude oil in commercial quantity, the economic structure of nigeria has changed considerably. The impact of boko haram on nigerian national development. D department of business administration, faculty of humanities, social and management sciences, bingham university, km 26 abujakeffi road, kodape, nasarawa state, nigeria.

The following are the roles of financial system in the economic development of a country. The economic transformation agenda, otherwise known as nigeria vision 20. However, it has to be admitted that the economic policies and measures adopted at the time have affected the nature and character of the development problems nigeria faces today. Nigeria is richly blessed with oil and gas among other mineral resources, but the over dependence on oil revenue for the economic development of the country has left much to be deserved. The fact that economic growth is necessary for sustained development, coupled with data limitation, informs our focus on investigating the contributions of agriculture to economic growth, as measured by gross domestic product gdp, in nigeria.

The lessons drawn from the economic history of many advanced countries. Pwc economic contribution of the new zealand book publishing. Cocoa is the leading agricultural export of the country and nigeria is currently the worlds fourth largest producer of cocoa, after ivory coast, indonesia and ghana, and the third largest exporter, after ivory coast and ghana. One of the logical solutions therefore is a complete removal for all import duties on printing and. Ordinary least square method and ttest was used to test the variables most likely to impact on economic growth in nigeria due to inflation. This report first examines the longrun relationship between the two economic variables and then narrows its focus to the pe riods of recovery from the postwar recessions. Nigerias growing population is a result of a high fertility rate and increasing life expectancy. Economic growth can be defined as a positive change in the level of goods and services. A federal republic comprising 36 states and the federal capital territory, where the capital, abuja. What is the nature of relationship between population growth rate in nigeria and. Contribution of agriculture to economic growth in nigeria1. The economy of africa consists of the trade, industry, agriculture, and human resources of the continent. In the early 1960s up to late 1970s the country pursued an inwardlooking.

This study investigated the role of agriculture to nigeria s economic growth and development. Books were not originated within africa, but from publishing decisions. About 60 percent of the ruminant livestock population is found in the countrys semiarid zone and mostly managed by pastoralists. Today, nigeria is the largest oil producer in subsaharan africa and since 1971 a member of opec, with an estimated production volume of 2. Flaring is a means of safely disposing of waste gases through combustion. Impact of tax administration on government revenue in a. Cocoa production and related social economic and climate factors.

To attain economic development, a country needs more investment and production. The challenges of agriculture and rural development in. In the early 1960s up to late 1970s, industrial policies in the country were inwardlooking. The amount of internet users is 23 %, which makes ghana the 8th african country in terms of numbers of users and the second country in west africa after nigeria. The contributions of multinational publishers to the provision of books in nigeria.

The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor. According to 2008 figures, yam production in nigeria has nearly doubled since. The economy is now on a slow track for the first half 2015 with around 3. Pdf on sep 29, 2010, thomotuya, vincent chinyere thomotuya and others published the role of import substitution industrialization policy in the economy of nigeria find, read and cite all the. Department of agricultural economics, bowen university, p. Oil boom in nigeria and its consequences for the country s. Therefore, we should ask how colonial rule affected the historic constraint on political centralisation in africa, namely the difficulty of raising revenue. Nigeria gdp distribution across economic sectors 2018 statista.

Cocoa production and related socialeconomic and climate. This field encompasses many disparate schools of economic thought. It was developed to guide and explain activities in the print and broadcast. Highgrowth smes play a pioneering role in developing new products and markets in. Agriculture is an important sector in the developing world. The crop was a major foreign exchange earner for nigeria in the 1950s and 1960s and in 1970 the country was the. The country ranks 10th among the countries with the highest average birth rate for the time. To gain weight and conform with african standards of beauty, nigerian girls can consume food all day in fattening rooms. This implies that irrespective of the cost, an activity cannot take place without the transportation factor and the mobility it provides. The relationship between growth and unemployment in the short run, the relationship between economic growth and the unemployment rate may be a loose one. Economic growth can be defined as a positive change in the level of goods and services produced by a country over a certain period of time. Nigeria s movie production industry, nicknamed nollywood, is the secondlargest in the world by volume. Review the industrial development policies in nigeria. Role of transportation in the economic development of nigeria.

Economic development, contributions, banks, economy introduction it is incontrovertible that the banking system is the engine of growth in any economy. A multivariate regression approach was employed to. Nigerias economy was largely driven by agriculture in the 50s, 60s and early 70s. The study examines the problems of book publishing industry in nigeria as books. According to the food and agriculture organization report, in 1985, nigeria produced 18. Achieving sustainable growth in industrial production has been a key pillar of nigerias economic reforms. The applicability of management theories in nigeria.

Today, nigeria is ranked 10th in the world in crude oil reserves. A case study of ayedire local government area of osun state, nigeria adeniyi, o. The nature, scope and processes of traditional education in nigeria the islamic system of education in the advent of western education in the development of education in nigeria 1919 and beyond introduction having gone through the last unit, you will realise that up to 1914, western education system in nigeria had no definite philosophy. Entrepreneurship, innovation and economic growth past experiences, current knowledge and policy implications 1 february. Associated gases are routinely flared in the course of producing and processing oil. Local strength, global reach mostly in knowledgeintensive sectors and in regions characterised by intense economic activity and clustering, these fast growers are usually integrated into formal and informal networks of firms. As in the case of agricultural produce, earnings from mineral exports also. Nigeria at a glance fao in nigeria food and agriculture. Impact of gas industry on sustainable economy in nigeria.

It represents the first interpartner effort, post2008, aimed at producing technical guidelines that can be used by decision makers in developing countries to improve the sustainability of potato production and boost the potato subsectors contribution to social and economic development. Opinions differ concerning the performance of the colonial economy. 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. The relationship between transport and economic growth is not a direct one but is rather related to the influence it exerts on production and distribution structures and processes, the location. In an frn 1996 report, agricultural produce were the major export commodities, while manufactured items dominated imports. The economy of nigeria is a middleincome, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. The importance of this study stems from the role of agriculture in nigerian economy based on its size, potential and prospects. Since then, nigerias economic growth has been driven by growth in. Publishing in africa from independence to the present day jstor. The publishing industry in africa and its role in education. The nigerian economy before the discovery of crude oil.