COURSE CODE/TITLE:
BUS 310/NIGERIAN ECONOMY
COURSE LECTURERS: 1. DR. F. O. ARIBABA
2. S. A. OLASEHINDE.
,COURSE OUTLINE
An overview of the Nigerian economy and its evolution since
independence in 1960; growth of income, employment, wages and
prices; agricultural and industrial production; public development
institutions; national income and expenditure; monetary and fiscal
policies, monetary institutions; trade and transport system; economic
development and social change.
,INTRODUCTION
• The economy of Nigeria is a middle-income, mixed economy
and emerging market, with expanding manufacturing,
financial, service, communications, technology and
entertainment sectors.
• Nigerian Economy is ranked as 27th-Largest economy in the
World in terms of nominal GDP, and the 24th-largest in terms
of purchasing power of parity.
• Nigeria has the largest economy in Africa. The country’s re-
emergent manufacturing sector became the largest on the
continent in 2013, and it produces a large proportion of
goods and services for the region of West Africa.
, Introduction conti
• In addition, the debt-to-GDP ratio was 16.075% as of 2019.
• The Nigerian economy is expected to grow by 2.5 per cent in 2022, up
from an estimated 2.5 percent growth in 2021, the World Bank has
said.
• Nigeria is a country that is blessed with many resources.
Even before the colonization of the country, the country
has experienced significant positive performance in the
economic activities. We will start by looking at a brief
overview of the formation of the country Nigeria.
BUS 310/NIGERIAN ECONOMY
COURSE LECTURERS: 1. DR. F. O. ARIBABA
2. S. A. OLASEHINDE.
,COURSE OUTLINE
An overview of the Nigerian economy and its evolution since
independence in 1960; growth of income, employment, wages and
prices; agricultural and industrial production; public development
institutions; national income and expenditure; monetary and fiscal
policies, monetary institutions; trade and transport system; economic
development and social change.
,INTRODUCTION
• The economy of Nigeria is a middle-income, mixed economy
and emerging market, with expanding manufacturing,
financial, service, communications, technology and
entertainment sectors.
• Nigerian Economy is ranked as 27th-Largest economy in the
World in terms of nominal GDP, and the 24th-largest in terms
of purchasing power of parity.
• Nigeria has the largest economy in Africa. The country’s re-
emergent manufacturing sector became the largest on the
continent in 2013, and it produces a large proportion of
goods and services for the region of West Africa.
, Introduction conti
• In addition, the debt-to-GDP ratio was 16.075% as of 2019.
• The Nigerian economy is expected to grow by 2.5 per cent in 2022, up
from an estimated 2.5 percent growth in 2021, the World Bank has
said.
• Nigeria is a country that is blessed with many resources.
Even before the colonization of the country, the country
has experienced significant positive performance in the
economic activities. We will start by looking at a brief
overview of the formation of the country Nigeria.
