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TikTok is a social media application that has taken the world by storm. It’s a video-based social media application that allows users to create...

‘lndustrialization’ is a deliberate policy by governments to create many industries in a country. The process of industrialization involves the production, increasing use of machinery and power tools, as well as the use of improved technology in production, all of which lead to a higher level of output of industrial goods.

Financial Institutions are business organizations which deal in money, though some may deal in other financial assets such as shaves, letters of credit, bills of exchange etc. With the exception of the Central Bank, they make profits by trading in money; that is, through the process of accepting deposits in several ways e.g. offering technical advice etc.

International trade is the exchange of goods, capital, and services among different countries because there is a need or want of goods or services.

The International Monetary Fund (IMF) was established in 1944. Its financial resources stem mainly from quota subscriptions which are assigned to each member according to its relative size in the world economy. A member’s quota also determines its voting power as well as its access to IMF financing.

The International Bank for Reconstruction and Development (IBRD) otherwise known as the World Bank was established in 1944 with its headquarters in Washington DC.

OPEC was established in Baghdad, Iraq in September 1960. Like many other international organizations, OPEC was formed by a few founding members, namely, Iran, Iraq, Kuwait, Saudi Arabia and Venezeula. In the 1960s, five more countries became members: Qatar (1961), Indonesia (1962), Libya (1962), Abu Dhabi (1967) and Algeria (1969). In 1974, the United Arab Emirates of which Abu Dhabi was the dominant member took Abu Dhabi’s place.

Traditional economic system is the type of economy system that prevailed in all independent human organization or settlements prior to their contact with the outside world. In Africa, for instance, feudalism and communism predominated before contact with Europeans.

The Millennium Development Goals refer to a set of fundamental goals set by the United Nations in 2000 which all member states of the United Nations and, particularly developing countries, are required to achieve within a period of fifteen years.

Nigeria became a member of the Non-Aligned Movement at the independence in 1960. The tone for Nigeria’s non-alignment policy was laid by Prime Minister Abubakar Tafawa Balewa in a speech he made at the House of Representatives on 7th October 1960, six days after Nigeria’s independence.

Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels. The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.

Privatization is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc. while Commercialization is a state policy of making its companies, enterprises, parastatals, etc, more efficient and even more profit oriented. It will also make these organisations come up with efficient management of resources.

The fair value is for which a financial asset can be bought or a financial liability settled on a specific date between two parties (buyer and seller) who are independent from each other and are experts in the field and who know how to act freely and prudently under conditions. market.

Principles of government are basic truths or laws, which guide the study and practice of politics and government. They are developed by political theorists and writers based on their experience or observation of the political process but these principles have come, to be accepted over the years by scholars and practitioners alike as indispensable and essential to understanding political phenomena.

DIRECT AND INDIRECT DEMOCRACY What are Direct and Indirect Democracy? Democracy is a type of government system in which the decision-making power rests with the people, as the...

The difference between power and authority is that power is a capacity and authority is a skill. In this sense, power can be acquired, while authority depends on a person's ability to influence others. Power is the ability to subordinate other people or to dominate a situation. Authority is the ability to influence others without the need for them to be subordinate.

Capitalism is an economic system in which the means of production and distribution are mainly owned and controlled by private individuals and firms. The primary aim of any economic activity in a capitalist state is to make profit.

Flora refers to plant species, while fauna is the term used to categorize animals. Although flora and fauna exist in almost the entire world, each set of plant and animal species responds to specific characteristics according to the geographical and climatic conditions of the region in which they develop, therefore, they are organisms that have evolved and adapted to their environment.

Political participation is one of those concepts in the social science that have been defined in several ways and giving different meanings. Nie and Verba have defined political participation as consisting of those nerve activities by private citizens which are more or less directly aimed at influencing the selection of government personnel and/or the action they take.

The royalist army, or royalists, was a military group, composed of European soldiers and American soldiers, who during the revolutionary period of America (1808-1833) fought to defend the Spanish Empire, its Spanish monarchy and its crown.