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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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1.5 Research questions
(i) How do you compute the role of the Nigerian government in developing the nation’s economy?
(ii) How do you assess the performance of the Nigerian economy before the invention of NEEDS?
(iii) Can NEEDS really salvage the Nigerian Economy?
(iv) Are there possible implementation problem(s) that?
(v) Is it true that the several reform optional adopted in the past by the government were ineffective?
1.6 Scope of the study
The
region of this project is Enugu. The research is to determine if NEEDs
can be used as a measure to revitalize the falling economy of Nigeria.
1.7 Limitation of the study
A
study of this nature cannot be carried out without difficulties in the
process. An important constraint is the time constraint. This research
work was carried out simultaneously with other class work and
examination and the research were compiled with a very short period of
one year.
Another constraint is finance, a research of this nature
involves traveling to various states nationwide so as to search for
adequate data (raw materials). NEEDs is a new programme and as such have
not text books and a few articles written on it.
NEEDS being new in
Nigeria has not gained popularity and consequently offered only a few
people as respondents to the questionnaires distributed.
Lastly, difficulty in securing relevant data for the study.
1.8 Definition of terms
To
master NEEDS properly, it is pertinent that we understand the words
used informing the “National Economics Empowerment and Development
Strategyâ€.
According to Ude and shaibu (2003) defines-
(i) Economic growth as the increase in the quantity of goods and services produced in a country over a year.
(ii)
Economic development is all about the maturity of the quality and
quantity of goods services produced in a country over a year.
In
additional by the above definition “goods are products of the private
sector or the public sector. Private sector is the industries under
government control while public sector is the industries under
government that are tangible, services represents control that are
tangible, services represent the products of the private or public
sector that are intangible or invisible. E.g. Banking, Insurance,
warehousing etc.
(iii) Empowerment: According to Chibueze 1996,
defined Empowerment involves equipping one with the authority in ones
society. Empowerment is synonymous with capacity or enablement.
(iv)
Strategy: the Longman (1995) defined a strategy as “Well planned series
of action for achieving an aim, especially success against an opponent.
An
consolidated of the above headings reveals that NEEDS can be defines as
a well-planned series of actions for achieving a maturity of the
quantity of goods and services produced in Nigeria by Nigerians.
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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---
