Adewale the political economy of a country is pivotal to its economic dynamics as well as its social system. Following is a brief commentary on expenditures as reflected in table 2. On the economic front, the social media has become a market place of ideas and creativity. Effect of inflation on the growth and development of the. Following an analysis of nationallevel socioeconomic outcomes. The political, economic and social dynamics of nigeria africa portal. Nov 29, 2008 nigeria social development there are two kinds of welfare services in nigeriathose provided by voluntary agencies and those provided by the government. Nigeria social development there are two kinds of welfare services in nigeria those provided by voluntary agencies and those provided by the government. This system breeds mass poverty and deprivation, social unrest and. Examples of studies that have documented a positive effect of population growth on economic development in nigeria are adewole 6, nwosu et al. Request pdf insecurity and socioeconomic development in nigeria this paper exam ines the pertinent issue of insecurity in nigeria and its implication for. Although the 2006 census indicated an an nual population growth of 3.
This report is addressed to civil servants and governments at federal, state and. Against this backdrop, this paper is focused on the boko haram debacle and its repercussion on sustainable development in nigeria. Governance and the challenge of socioeconomic development in. Many saw nigeria, with 15% of africas population, as an emerging economy. The specific objectives of this research work include the following. Development aid to nigeria has been low compared to other african countries and has reduced considerably since its peak in 2006. Nigeria is now in a political mess, lots of killing, kidnapping and also. Value added tax and economic development in nigeria. Net overseas development aid was roughly usd 11 billion in 2006, 2 billion in 2007 and less than 1 billion in 2008. Economic development and growth in nigeria daily trust. A critical look at the population explosion in the country vitiates the vision of achieving sustainable development in nigeria. Adewole 6 investigated the effect of population on economic growth in nigeria using annual time series data for the period 1981 2007. A large and growing body of research documents the violence, discrimination, and social stigma experienced by lgbt people in every country that has been studied.
Effect of sustainable infrastructural development on. This study supports positive social change by informing decisionmakers that by investing in network of roads, that time to project completion and financial savings may promote economic development, thus improving the standard of. The main problem is that our citizens and leaders have always failed to make things right. In the context of youth and economic development, leadership is a multilayered phenomenon characterized by two main features. Any nation striving towards development must reduce the frequency of crime to the barest minimum. Instead, they are relying on building businesses from the ground. Problems of economic development in nigeria and solutions. This distinguishes the study from earlier work in nigeria on development policy. However, the results emanating from these studies have been inconclusive. This work evaluates the effect of tax avoidance and tax evasion on economic growth and development in nigeria 20062016. Socio economic development embraces changes taking place in the social sphere mostly of an economic nature. One aspect of that challenge is to achieve development in an interdependent world, that is a world in which goods, services. It is measured with indicators such as gdp, life expectancy, literacy and levels of employment.
New jobs are the lifeblood of any thriving region and can ensure economic health and prosperity for years to come. Economic and social development an overview sciencedirect. A series of unfortunate political and economic events have stalled nigerian growth. At a 2day nigeria meeting organized by the overseas development institute, london, 1617 june 2004 contact. However, there are social problems that plague the country and mitigate development. But below is a list of some key factors that are the root of these problems. Governance and the challenge of socioeconomic development in nigeria. Nigerian socioeconomic development covenant university. The economic context of nigeria economic and political. Effect of sustainable infrastructural development on economic. Insecurity and socioeconomic development in nigeria request pdf.
Literacy is then accepted as a driver for sustainable development. Nigeria has 150 million inhabitants and about four hundred. Lots of economic challenges have faced nigeria overtime. Socioeconomic development and insecurity in nigeria. Deliberate efforts to influence or change particular attitudes and social behaviours on a large scale in nigeria, in order to produce desired characteristics for socio economic development is a. The main obstacles to development in nigeria are the unappropriated energy supply, deficient transport infrastructures, inefficient judiciary system, widespread. Development is a multi dimensional process that normally connotes change from less to more desirable state. These competitive financial assistance grants support locally determined projects designed to reduce or eliminate community problems and achieve community goals. Economic development reference guide acknowledgements verizon verizons mission is to open doors for economic development and to build relationships and partnerships that help create and retain jobs in verizon communities. The program was created to ensure a more equitable distribution of resources to vulnerable populations, including children, youth, and women. The nigeria security challenges have manifested itself in various dimensions like economic, social, po litical and religious since independe nce. The roles and challenges of small and medium entreprises. Educationists over the years have pointed that the current national policy on education was conceived and hatched at a time when the countrys economy was buoyant. The plural society approach was used to theorize the study.
List of social problems in nigeria and solutions top 10. Nigeria is one of the most popular countries in africa. Overview of economic and social development in africa. As such, states nigeria inclusive, wishing to realize, promote or maintain economic, political and social strides, should strive to embrace good governance. Products and services are sold online, thus providing opportunity for startups to commence businesses on. There have been several studies that have investigated the relationship that exist between infrastructure development and economic growth. But nigeria needs to reorient its federal budget, currently dominated by recurrent spending, toward more capital expenditure and accumulating savings to sustain social spending. We have written about this under the list of social problems. Furthermore, the country continues to face massive developmental challenges, which include the need to reduce. Strategies for achieving sustainable development in nigeria. The aim of this research work is to examine the effect of sustainable infrastructural development on economic development of nigeria. This report assesses the progress nigeria has made in improving the socioeconomic conditions of its citizens during the recent period of high economic growth and significant oil revenues.
This no doubt portends grave implications for the economic sector and by extension development, as all activities will inevitably grind to a halt. National development plans in nigeria we have had series of development plans in nigeria. Voluntary agencies comprise those fully or partially subsidized by the government, those financed by a parent body such as a church or mosque, and those financed from subscriptions of their. Local government administration in nigeria and community. Indeed, without the safety of citizens, all plans for development, whether economic, political or social, will fail. It aimed to give a detailed examination of the effect of tax avoidance on the economic growth and development in nigeria. Social, economic and political context in nigeria interactions. Micro evidence from kwara state usman abdullateef dept. Corporate social responsibility csr is becoming a popular tool of the twenty first century in business circles while it effects on communities and the role it plays in social development can never be overemphasised.
A mutual correlation exists between infrastructural development and economic growth in nigeria. Ana promotes social and economic selfsufficiency in communities through seds grants. Social work and social development in nigeria issues. What are the socioeconomic problems facing nigeria that could be. Infrastructure development and economic growth nexus in nigeria. Half of this was for health and population projectsprogrammes, and one quarter for debt relief. The organisation projects a population of 203 million in 2025 and 279 million in 2050, when nigeria is expected to have the worlds 6th largest population. Recent world bank projects that address core social development issues include. While nigeria has made some progress in socio economic terms in recent years, its human capital development remains weak due to underinvestment and the country ranked 152 of 157 countries in the world bank s 2018 human capital index. Again the study reveals that trade partner of nigeria appears to be gaining more than the country. After independence, the nigerian economy seemed very promising. The economic challenges facing african youth warrant responsible leadership by governments and international partners. This is best achieved through development planning, which can be described as the countrys collection of strategies mapped out by the government. To examine the effect of sustainable infrastructure on the gross domestic product gdp of nigeria.
A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Economic development involves development of human capital, increasing the literacy ratio, improve important infrastructure, improvement of health and safety, and other areas that aims at increasing the general welfare of the citizens. Nwankwo 2014 supports opposition to the government of nigeria. Pdf socioeconomic development and insecurity in nigeria. Economic development is the sustained increase in income of all members of society so as to be free from material want. Nigeria overview international development, poverty. Britain eventually gained control of nigerian administration. Democracy, corruption, governance, socioeconomic development. The political leaders have the responsibility to forestall this ominous trend by having the political will to deliver the dividend of democracy by fulfilling their social contract with the people.
There are many factors that lead to the social problems in nigeria today. Investing in health for economic development, is meant for dialogue with a broad range of actors, which will take place between november 2004 and. Use system dynamics to gain insights into the problem. Large businesses in economic development by kelly edmiston i ncreasingly, economic development experts are abandoning traditional approaches to economic development that rely on recruiting large enterprises with tax breaks, financial incentives, and other inducements. Strategies for achieving sustainable development in. Insecurity and socioeconomic development in nigeria. Poverty is more than low income it is also about vulnerability, exclusion, unaccountable institutions, powerlessness, and exposure to violence. Population growth and economic development in nigeria. The impact of unemployment on economic growth includes. Economic development is a process of structural transformation with continuous technological innovation and industrial upgrading, which increase labor productivity, and accompanied improvements in infrastructure and institution, which reduce transaction costs. The concept of development has proved much resistance to a unilateral definition. Anono abdulrahman zubairu lecturer department of management technology school of management and information technology modibbo adama university of technology,yola,adamawa state, nigeria. The national social investment program of nigeria is a social welfare initiative created by the federal government of nigeria in 2015 under the direction of the national social investment office. Social development focuses on the need to put people first in development processes.
As leaders, youth can themselves play an important role in the promotion of economic development. Entrepreneurship and economic development in nigeria. Abstract this paper investigates the impact of inflation on economic growth and development in nigeria between 1970. Terrorism is a phenomenon that is bedevilling borno state and it affects policies and development.
The impact of insecurity and poverty on sustainable economic. While nigeria has made some progress in socioeconomic terms in recent years, its human capital development remains weak due to underinvestment and the country ranked 152 of 157 countries in the world bank s 2018 human capital index. Nigeria is estimated to have a population growth rate of 2. Filgueira, in international encyclopedia of the social. The paper canvassed the need for synergy and collaborative approach to community development and reform initiatives anchored on theory to practice policy inclination. Youth and economic development in africa an issues paper. Impact of unemployment on nigeria economic growth 19812017 pdf. This study provides new evidence that the inclusion of lesbian, gay, bisexual, and transgender lgbt people is linked to economic performance.
Literacy education and sustainable development in developing. Social development as national strategy nigeria s earliest attempt at operationalizing the new concept of social development arose in the context of the countrys plans for economic development in the late 1960s. It is the foundation of most of the social problems in nigeria today. Despite the existing differences, this country still stands united as one country. She is indeed a beauty, endowed with natural and mineral resources, different culture and tribes, different religion. Besides, bhola and gomez 2008 reported that a commitment to literacy for all in general and to literacy education for.
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. Efficient political and economic strands promote social order. After world war ii, nigeria was organized as a federal system and divided into northern, western, and eastern regions. Kimenyi is a senior fellow and director of the africa growth initiative agi at the brookings institution. While politics and the process of politicking do not necessarily give rise to the social. Colonialism is a major feature of the economic history of nigeria. The impact of transportation infrastructure on nigerias. Economic development can be referred to as the quantitative and qualitative changes in an existing economy.
The role of small and large businesses in economic development. Asian economic and social society socio economic impact of malaria epidemics on households in nigeria. Proposed development objectives to support improved livelihoods for women in targeted areas of nigeria. Effects of boko haram insurgency on the socioeconomic. Policy development facility phase ii pdf ii is a flexible, rapidresponse facility set up to support champions of change in implementing economic and social policies that help reduce poverty in nigeria. Economic development is a term that economists, politicians, and others have used frequently since the 20th century. However, existing literature on the smes financing and economic development provide a contrasting results. Impact of unemployment on economic growth of nigeria. International journal of development and economic sustainability vol. In introduction to the social development diiion, a pamphlet published by the federal ministry of social development, youth and. Social engineering for nigerias economic development 1. Nigeria could be a critical role towards achieving sustainable economic growth and development.