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Critical Analysis Of The Performance Of National Economic Empowerment And Development Strategy Needs On The Nigerian Economy
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1.2 Statement of Problem
The
National Economics Employment and Development Strategy (NEEDS) came
into takeover from the former structural adjustment programmes (SAP)
which as introduce according to Babangida’s administration in 1986 which
emphasizes. The National Economics Empowerment and Development Strategy
(NEEDS) Intend to correct the negative impacts of the SAP on the
country economic growth, which has led to an unprecedented social
dislocation. The Mono-cultural economy practiced by Nigeria that is oil,
has depressed other beneficial and elastic sector, sector, as economy
now depends on oil as its major engine of growth and source of
government revenue. According to Umar, 2005 summarized the problems of
Nigeria economy.
ï¶ Galloping inflation that rate is freely.
ï¶ Embarrassing the need rate.
ï¶ Poor wealth distribution.
ï¶ Gigantic unemployment and underemployment.
ï¶ Poor industrial capacity utilization etc.
On
this note the researchers intend to critically investigate the
performance of National Economics Empowerment and Development Economy.
1.3 Objectives of the Study
The
main goals in this research work are to ascertain if National Economics
Empowerment and Development Strategy (NEEDS) has made any impact on the
Nigerian economy, and to analysis such impacts.
The major objectives are:
(i)
To ascertain the condition of the Nigerian economy before the invention
of National Economic Empowerment and Development Strategy (NEEDS).
(ii)
To examine the possible implementation challenges that National
Economics Empowerment and Development Strategy (NEEDS) may encounter.
(iii) To estimate the performance of NEEDS so far.
(iv) To critically analyse the features of National Economics Empowerment and Development Strategy (NEEDS)
(v) To make meaningful recommendation
1.4 Significance of the study
This
project work is carried out in partial fulfillment of the requirements
for the award of the Nigerian Certificate in Education.
This work will be great help to future researchers who will carryout their own investigations in the subject area.
This work will help Nigerians in understanding the working of the economy and how to better it.
This
work will be helpful in restoring public confidence on NEEDS and
support people to it through opinion pools, suggestions and contribution
by accepting the NEEDS as a genuine remedy to the current in conducive
and in clement Economic conditions.
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ABSRACT - [ Total Page(s): 1 ]This research work, “Critical analysis of the performance of the National Economics Empowerment and Development Strategy (NEEDS) on the Nigeria Economy, (A Case Study of Enugu State)†seeks to look at the major causes of Nigerians Economic Misfortunes and his is greatly attributable to the poor industrial capacity utilization, massive unemployment and underemployment, high late of inflation, high poverty rate, poor wealth distribution, Mono-cultural economy (oil) high rate of corrupt ... Continue reading---
