Power - search results

Petroleum Industry | Crude oil is the most important of all the mineral resources found in Nigeria. Before oil was discovered, agriculture played the dominant role in Nigeria’s development.

Government Budget is a detailed statement indicating estimates and sizes of anticipated revenue and proposed expenditures for a period of time, usually a year. When a government decides to spend more than its revenue, it is said to have a Deficit Budget and when it plans to spend less than its revenue, it is said to operate a Surplus Budget.

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 African Development Bank (AFDB) established in September 1964, was opened for business on July 1, 1966 in Abidjan, Ivory Coast now Cote D’Ivoire.

Solid minerals are naturally occuring substances derived from the earth which are of great value to man. They include metalic ores, fuel minerals (such as coal. uranium, signet, tar sands), industrial minerals and rocks (such as limestones, marble, etc.) and gemstones/ornamental stones.

Capitalism may be defined as an economic system in which all or most means of production are owned and controlled by private individuals and in which the economic activity of the government is at a minimum while Socialism is an economic system where the state takes the major economic decisions through detailed planning. Countries that adopt this system do not believe in the efficacy of market forces.

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.

Economic growth is a sustained regular increase in total national income. This regular increase might have been brought about by an increase in the capacity to produce more goods and services.

The United Nations or UN, also called the United Nations Organization (UNO), is the largest and most important international organization on the planet. Most of the world's recognized nations ascribe to it.

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.

The value of money (TVM) is the perception attributed to money at a given time taking into account economic circumstances that influence it, such as inflation.

The Nigerian foreign policy is profoundly affected or influenced by the perceptions, attitudes and value preferences of the various participants in the decision-making process. In other words, a nation’s international behaviour is, to a great extent, determined by the interests of those making and implementing foreign policies.

Foreign policy is a decision directed by a government to the governments of other states. It is a policy that is meant to influence other states in the international political system. Although foreign policy is an extension of domestic policy, it isformulated to affect other countries.

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.

Electoral College | Features, Advantages and Disadvantages What is an Electoral College? An electoral college is a set of electors who are selected to elect a...

Electoral Malpractices is the manifestation of all forms of electoral misconducts, capable of derailing the electoral process. Therefore, Election malpractice and rigging could be reduced if the following steps were taken. 

The mid 1960s was a watershed in the political history of Nigeria as the country had to contend with several grave political crises. One of those political crises that almost led to the disintegration of the country was the civil war which began on 6th July, 1967 and formally ended on 15th January, 1970.

Local government may be defined as a government established through an Act at the local level and to deal with specific matters as it affects them. Under the 1963 Republican constitution, local government authorities were created mainly to deal with matters of local concern, e.g. markets, feeder roads and motor parks.

A lot has been written in previous chapters on the 1962 - 1963 Census Crisis in Nigeria and this article only puts the whole problem in perspective. The census crisis was the first major political conflict to be confronted by the post-colonial Nigerian state.

The Nigeria Kano Riots of 1953 (Causes & Effects) The Kano Riots began in Kano on 16th May, 1953 and ended on 19th May, 1953. Causes...