Stock Exchange in Nigeria

Introduction Nigerias economy is one of Africas biggest, a fact that partially explains the spheres political significance. With an area of 357,000 square miles, Nigeria is not particularly considerable by African standards, but its 100 million state make it the largest demographically, providing a sizable workforce and domestic market. uncertain climates ranging from sparsely populated Sahelian and savanna conditions in the north to thickly populated rain forest in the south rush had an impact on the range of agricultural products harvested. Colonialism, too, had a profound impact on agricultural production, marketing, and exports, which in turn influenced the configuration of the emerging political economy ( 1998).  During the 1960s, a combination of factors contributed to a dramatic shift of economic profile, and agriculture was replaced by vegetable oil as the mainstay of the economy, in terms of both export revenues and attracting foreign investment--though, importantly, not in terms of employment. By the mid-1990s, Nigeria was the one-eighth largest producer of petroleum in the world, though only the thirtieth in gas production. Unfortunately, social indicators reflecting the quality of life for the fairish citizen remain poor ( 1998).

   Half of the population lives below the pauperism line of $1 a day, and the verdants literacy and infant deathrate rates are among the lowest in the world. Although petroleum has per annum accounted for more than 90 part of export revenues and 80 percent of government revenues over the past two decades, there was a very different economic picture before the 1970s. Unfortunately, as the 1980s wore on, the countrys oil revenues continued to fall. The debt situation of the country worsened, and the deteriorating economy forced greater concessions to IMF demands. Nigerias economic performance has not matched its potential ( 1998). From the standpoint of the 1970s, it is difficult to explain how the economy degenerated... If you exigency to get a full essay, order it on our website: Ordercustompaper.com

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