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Articles 181 - 210 of 210

Full-Text Articles in Growth and Development

Unemployment And Economic Development In Nigeria - Analysis And Policy Implications, E. O. Akinnifesi Jun 1986

Unemployment And Economic Development In Nigeria - Analysis And Policy Implications, E. O. Akinnifesi

Economic and Financial Review

This paper discusses the dynamics of the unemployment problem within the development perspective of a post-independent Nigeria. It is argued that while successive governments seemed to have recognised the problem, the solutions so far adopted have resulted in mere palliatives. Several factors accounting for unemployment have included: colonialism and the white-collar job syndrome, choice of technique in industries, structure of economic organisation, migration patterns, urbanisation, population growth, educational structure, and business cycles. Of the possible consequences of unemployment, the study highlights those having social, health, political and economic dimensions such as stress, suicide, parasuicide, armed robbery, coup d'etats, inflation, etc. …

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1984, Central Bank Of Nigeria Dec 1984

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1984, Central Bank Of Nigeria

CBN Annual Report

CBN annual report and statement of accounts for 1984 covers economic performance including key economic indicators such as inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates for 1984. It also examines future economic outlook. In 1984, the index of industrial production fell by 10.2 per cent significantly due to the poor performance of the manufacturing sector whose index of production fell by 18.2 per cent. In respect of domestic prices, the supply-side factors were dominant in exerting upward pressures on prices. There were acute shortages in consumer goods and …

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Developments In World Commodity Markets With Respect To Nigeria's Agricultural Commodities During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn Sep 1984

Developments In World Commodity Markets With Respect To Nigeria's Agricultural Commodities During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a report on the developments in Nigeria's agricultural commodities in the third quarter of 1984. It covers beverages, vegetable oil and oil seeds, natural rubber, grains and sugar etc. it also has a statistical presentation of data.

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Foreign Exchange Flows Through The Central Bank During The Second Quarter Of 1984, Central Bank Of Nigeria Cbn Jun 1984

Foreign Exchange Flows Through The Central Bank During The Second Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

The paper discusses foreign exchange flows through the Central Bank of Nigeria during the second quarter of 1984.

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Developments In The International ( London) Commodities' Market During The First Quarter,1984, Central Bank Of Nigeria Cbn Mar 1984

Developments In The International ( London) Commodities' Market During The First Quarter,1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

A report on the developments in the International (London) commodities' market during the first quarter,1984. The notable commodities includes coffee, cotton, palm-kernel and rubber. A number of factors accounted for the general improvement in commodity prices. Firstly, there was a decline in the supply of most of the commodities. The second factor was the uncertainty regarding production prospects in the immediate future . Finally, there was a general increase in the demand for most of the commodities.

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1983, Central Bank Of Nigeria Dec 1983

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1983, Central Bank Of Nigeria

CBN Annual Report

In 1983, Nigeria's economy experienced severe stagflation, with GDP falling by 4.4%, more than the 3.4% decline recorded in 1982. Domestic inflation was 23.2%, more than three times the 7.7% recorded in 1982. The external sector also suffered from the general malaise, with the recorded value of external trade falling from N21.3 billion in 1982 to N17.3 billion in 1983. Agricultural production fell sharply due to severe droughts, bush fires, and diseases/pest infestations in livestock and crops. The volume of primary commercial energy consumed increased, with the index going up by 4.4% in 1983. Inflationary pressures intensified due to the …

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A Preliminary Assessment Of The Agricultural Credit Guarantee Scheme In Nigeria, M. O. Ojo, O. O. Akanji Sep 1983

A Preliminary Assessment Of The Agricultural Credit Guarantee Scheme In Nigeria, M. O. Ojo, O. O. Akanji

Economic and Financial Review

The basic objective of this paper was to review the main achievements of the ACGS and analyze the major constraints on its operations during the first five years of its implementation. The paper is organised into four sections. A summary of the objectives of the ACGS is presented in Section l while in Section 11, an analysis of its main achievements between 1978 and 1982 is undertaken. Section III contains a discussion of some of the major constraints on the operations of the Scheme while Section IV concludes the paper.

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Foreign Private Investment In Nigeria 1979-1981, Central Bank Of Nigeria Cbn Sep 1983

Foreign Private Investment In Nigeria 1979-1981, Central Bank Of Nigeria Cbn

Economic and Financial Review

This paper has analysed the results of the survey o f foreign private investment in Nigeria for the period 1979 to 1981. The results show that net inflow o f foreign private investment into Nigeria fell by 12.6 per cent from N331.8 million in 1978 to N289.9 million in 1979. but rose by 61.1 per cent to N467.0 million in 1980 and fell again by 70. 5 per cent to N137.8 million in 1981. The sharp fall in net inflow of foreign private investment in 1981 was due to an outflow of N447. I million in 1981 as against outflows …

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Government Expenditures, Money Supply And Prices: 1970-80, J. O. Osakwe Jun 1983

Government Expenditures, Money Supply And Prices: 1970-80, J. O. Osakwe

Economic and Financial Review

The main objectives of this paper are to ascertain the amount of the Federal Government expenditures which affected money supply, during the period 1970-80; to examine the movements of government expenditures, money supply and prices within the period 1970-80 and to investigate the empirical relationships between government spending and money supply, and money supply and prices. In order to achieve the above named objectives, the paper is divided into four parts as follows: Part 1 deals with the estimates of government expenditures which affected money supply. Part 2 describes the movements of government expenditures, money supply and prices; Part 3 …

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Monetary Development During The First Quarter Of 1983, Central Bank Of Nigeria Cbn Mar 1983

Monetary Development During The First Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

The main factors responsible for the decline in money supply in the first quarter of 1983 were the decline of Nl,799.0 million or 29.6 per cent in other assets (net) of the banking system ( or an equivalent increase in their other liabilities), a fall of N212.8 million or 19.9 per cent in net foreign assets and an increase of N97 .0 million or 1.4 per cent in quasi-money. The contractionary impacts of these three factors more than offset the expansionary effects of an increase ofNl,391.0 million or 6.3 per cent in bank credit to the economy.

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Recent Developments In Nigeria's Oil Industry And Their Implications For Government Finance, Petroleum Studies Office Research Department Mar 1983

Recent Developments In Nigeria's Oil Industry And Their Implications For Government Finance, Petroleum Studies Office Research Department

Economic and Financial Review

This brief review has focused on the movements of oil prices, production and exports in the 1979-82 period, highlighting the implications of such movements for Federal Government revenue and expenditure.

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An Address By Alhaji Abdulkadir Ahmed, Governor, Central Bank Of Nigeria, At The 12th Annual General Meeting Of Manufacturers Association Of Nigeria On Wednesday, 9th March, 1983, Abdulkadir Ahmed Mar 1983

An Address By Alhaji Abdulkadir Ahmed, Governor, Central Bank Of Nigeria, At The 12th Annual General Meeting Of Manufacturers Association Of Nigeria On Wednesday, 9th March, 1983, Abdulkadir Ahmed

Economic and Financial Review

This is an address by Alhaji Abdulkadir Ahmed, Governor, Central Bank of Nigeria, at the 12th Annual General Meeting of Manufacturers Association of Nigeria, on the theme " The Problem of Over-dependence of the Nigerian Economy on Imports".

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Statistical Section (March 1983), Central Bank Of Nigeria Cbn Mar 1983

Statistical Section (March 1983), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria during the first quarter of 1983

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Central Bank Of Nigeria Annual Report And Statement Of Account For The Year Ended 31st December, 1982, Central Bank Of Nigeria Dec 1982

Central Bank Of Nigeria Annual Report And Statement Of Account For The Year Ended 31st December, 1982, Central Bank Of Nigeria

CBN Annual Report

The economic slowdown in 1981-1982 led to a decline in mineral and export crop production, with crude oil production falling from 1.440 million barrels in 1981 to 1.29 million barrels in 1982. The Central Bank of Nigeria business survey showed increased manufacturing sales and inventories of finished goods. Inflation decelerated to its lowest level since 1973, mainly due to reduced monetary expansion and increased production of staple food, livestock products, and fish. The money supply rose by 5.6% in 1980 and 3.1% in 1982, but the government sector's share in bank credit increased. The Gross National Product of all industrialized …

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Central Bank Of Nigeria Annual Report And Statement Of Account For The Year Ended 31st December 1981, Central Bank Of Nigeria Dec 1981

Central Bank Of Nigeria Annual Report And Statement Of Account For The Year Ended 31st December 1981, Central Bank Of Nigeria

CBN Annual Report

In 1981, Nigeria's economy experienced a 7.9% decline in industrial production, primarily due to a decline in mining production, particularly petroleum. Manufacturing output increased by 5.7%, while agricultural production showed some improvement. Inflation worsened, with the composite consumer price index rising by 20.8%. Monetary expansion slowed down, but a 5.6% increase was recorded at the end of the year. The aggregate banking system's credit to the economy increased by 5.8%, with the Federal Government budgeting for current services. The external sector experienced a large balance of payments deficit, resulting in a drawdown of the nation's reserves. The world economy slowed …

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Central Bank Marches Forward, Ola O. Vincent Dec 1978

Central Bank Marches Forward, Ola O. Vincent

Bullion

This paper by the Governor of Central Bank of Nigeria, Mr. Ola Vincent highlights major developments in the organization, structure and management practices of the Bank. The feature is an extract from the Governor's address at the Branch Controllers' Conference held in October, 1978.

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The Role Of Agriculture In The Nigerian Economy, A. O.G. Otiti Sep 1978

The Role Of Agriculture In The Nigerian Economy, A. O.G. Otiti

Bullion

Agriculture was the mainstay of the Nigerian economy before the so-called oil boom which has brought about a rapid decline in agricultural production, virtual stagnation in the rural economy, marked movement of population from the rural to urban centres and high cost of food items. The article examines some recent developments in the agricultural sector of the Nigerian economy. It also discusses some of the role of Central Bank of Nigeria in promoting agriculture through adequate funding.

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Statistical Section (June 1970), Central Bank Of Nigeria Cbn Jun 1970

Statistical Section (June 1970), Central Bank Of Nigeria Cbn

Economic and Financial Review

The dataset include data for central bank and commercial banks statement of assets and liabilities, currency in circulation, external assets, international trade, money and capital markets, money supply, national savings, production, public debt and public finance.

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Special Drawing Rights And Their Implications For Domestic And External Finance, Central Bank Of Nigeria Cbn Jun 1970

Special Drawing Rights And Their Implications For Domestic And External Finance, Central Bank Of Nigeria Cbn

Economic and Financial Review

The need to create the new international monetary asset called Special Drawing Rights (SDRs) arose largely from the widening gap between the volume of world trade and the means of financing it (that is, international monetary reserves). Special Drawing Rights are 'paper gold', transferable among the participating countries who are committed to accept them in exchange for convertible currencies.

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Notes On Commercical Bank Deposit Liabilities: 1967-April 1969, Central Bank Of Nigeria Cbn Jun 1969

Notes On Commercical Bank Deposit Liabilities: 1967-April 1969, Central Bank Of Nigeria Cbn

Economic and Financial Review

The movements of commercial bank liabilities for deposits since January 1967 seem generally to have followed the pattern in past years. The large increases in deposits, especially time and savings, were mainly attributable to the current civil war and the consequent fall in economic activities. The movement of the various components of the banks' deposits are shown in the tables.

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1966, Central Bank Of Nigeria Dec 1966

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1966, Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1966 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. The state of the Nigerian economy in 1966 was dictated mainly by the social and political uncertainties that engulfed the country beginning in 1965. The country experienced mounting political problems in 1965, which, by the fourth quarter of that year, had become an important factor in the future investment plans of the business community. A growing burden of external debt and the slow-down …

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Ownership Of Commercial Bank Deposits In 1965, Central Bank Of Nigeria Cbn Dec 1966

Ownership Of Commercial Bank Deposits In 1965, Central Bank Of Nigeria Cbn

Economic and Financial Review

The importance of demand deposits relative to total deposits continued to decline a development which started in 1960. The proportion of these deposits fell from 50.3 per cent of total deposits at the end of 1964 to 46.8 per cent on 31st December, 1965. The substantial increase recorded in the deposits of non-financial businesses needs special comment. There has been a rapid increase in non-financial business holdings of time deposits since December,1963.

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Nigeria's External Trade In The First Quarter Of 1966, Central Bank Of Nigeria Cbn Jun 1966

Nigeria's External Trade In The First Quarter Of 1966, Central Bank Of Nigeria Cbn

Economic and Financial Review

The article highlights the achievements of Nigeria's external trade in the first quarter of 1966 which was a result of increase in exports and decline in imports.

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Government Revenue And Expenditure In 1965, Research Department Jun 1966

Government Revenue And Expenditure In 1965, Research Department

Economic and Financial Review

This article examined government revenue and expenditure in Nigeria for the year 1965. It first identified the role of the budget in Nigeria which include enhancement of economic growth, particularly since the National Development Plan came into force in 1962. The article noted that the fiscal policy of the federal government in 1965 was geared to the attainment of the two objectives of raising more revenue, and of reducing pressures on the balance of payments. Towards this end, federal government aggregate revenue in 1965 amounted to £160.5 million, £22.7 million or 16.4 per cent higher than in 1964. However, federal …

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Private Foreign Investment In 1964, Central Bank Of Nigeria Cbn Jun 1966

Private Foreign Investment In 1964, Central Bank Of Nigeria Cbn

Economic and Financial Review

Capital inflow consisted of unremitted profits, increase in equity holdings and debentures, commercial credits and other short-term loans from overseas parent or affiliate companies. The decline in retained profits as a proportion of private capital investment, therefore, reflects the increase in the outpay-ments on account of dividends, interests and service charges. An estimate and analysis of total private foreign investment based on response from questionnaires submitted are presented in this paper.

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Speech At The Bankers' Committee’S First Annual Dinner Of The Local Centre Of The Institute Of Bankers At The Ikoyi Hotel, Lagos-25th February, 1966, A. Mai-Bornu Jun 1966

Speech At The Bankers' Committee’S First Annual Dinner Of The Local Centre Of The Institute Of Bankers At The Ikoyi Hotel, Lagos-25th February, 1966, A. Mai-Bornu

Economic and Financial Review

This is a speech by Alhaji A. Mai-Bornu, Chairman of the Bankers' Committee and Governor, Central Bank of Nigeria, in response to the toast of the Bankers' Committee at the First Annual Dinner of the Local Centre of the Institute of Bankers at the Ikoyi Hotel, Lagos-25th February, 1966.

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1965, Central Bank Of Nigeria Dec 1965

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1965, Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1965 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. Two major developments dominated the world economic scene in 1965. One was the overall slowdown of economic expansion in most industrialized countries. The other was the overall contraction in the growth rate of world trade and in the flow of international capital. Due to the problem of balance of payment disequilibrium, the industrialized countries intensified economic measures to achieve internal stability and equilibrium …

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1964, Central Bank Of Nigeria Dec 1964

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1964, Central Bank Of Nigeria

CBN Annual Report

CBN annual report and statement of accounts for 1964 covers economic performance including key economic indicators such as inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates for 1964. Export earnings of the developing countries rose during 1964, reflecting a continuing upswing in economic activity in the industrial countries. The rate of increase, however, was somewhat slower than in 1963. The share of the developing countries in total world exports in 1964, however, amounted to 22.1 per cent as compared with 22.9 per cent in 1963. World exports rose substantially …

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1963, Central Bank Of Nigeria Dec 1963

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1963, Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1963 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. Nigeria's economy made significant gains in 1963. The tempo of activity advanced in most sectors of the economy, giving indications of some recovery from the slackened pace of the preceding year. Despite this improvement, however, the performance of the economy did not meet expectations, nor were existing resources fully utilized. In 1962-63, gross income received by producers of agricultural export commodities rose by …

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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1961., Central Bank Of Nigeria Dec 1961

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1961., Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1961 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. Economic activity, which had been at a relatively high level during the year of independence, expanded further during 1961. The production of most of the agricultural export commodities attained high levels during the 1960-1961. Mineral production varied widely among individual products but on balance activity was considerably higher in 1961 than in the previous year. Industrial production continued to grow, reflecting both the …

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