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it is because of the people living in Nigeria, they dont want to develop,at least they should help themselves and the country, for instance a person who calls himself a citizen finished taking a sachet of water,biscuit etc,instead of that person to dispose it in refuse bin, he drops it on the way, is not the government that did that action but you, lateron,such person is saying that Nigeria is not developing. as the government are doing their part we should be doing our aswell and not casting all the blames on government.

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Q: Why is Nigeria economy growing without developing?
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What are the roles of enterpreneurs in Nigerian economy?

The entrepreneurship economy in Nigeria is a large part of its development strategy. Oil As Nigeria has an economy built on the trade of oil, the entrepreneurship economy has now become a part of the economy that the country is looking to develop to therefore increase its wealth. This is because the price that Nigeria sells its oil can not compete with the prices from places in the middle east and the country does not have the greatest international relationships. Growth As the country's economy continues to grow, the entrepreneurship economy has become stronger. Making big money from the smaller industries and changing the face of industry in Nigeria is one of its main tasks. It is done by creating other opportunities that can help to develop the country so that the model is sustainable without oil. This dependence on natural resources does not help the economy boom and creating industry that does is vital. International relations International relations have been poor in Nigeria. These are now getting better and there are many more countries across the globe that are willing to trade with Nigeria than there were a decade or so ago. This has started to boost the economy but with no major shift in industry, oil has let the economy down more than international relations. Mechanics There are many universities in Nigeria that specialize in mechanics. One of the major industries in the entrepreneurship economy is mechanics. This helps to develop the country as there are roles for unskilled workers as well as scientists, mathematicians and entrepreneurs. This rise in mechanics has seen many students from Nigeria study in different parts of the world for their mechanical engineering qualifications and also, more recently, people from western countries studying in Nigeria. This is because it costs less and the courses that can be taken are at the same standard as those in the USA and Europe.


What methods could the federal government use to stimulate the economy during a time when people were opposed to deficit spending?

The only way the federal government can lower taxes without contributing to a greater deficit is by cutting spending as well. This may either cause an increase in federal revenues through increased taxable income in a growing economy or have little to no effect in stimulating economic growth. The other way to stimulate the economy without increasing the deficit is eliminating regulations that create hurdles to businesses starting up and growing.


How can you define the role of banking companies in an economy?

Banks can be considered the back bone of any economy esp when it is growing. Banks make credit available for people and industries without which they cannot run or expand their business. The significance of the banking industry is very evident after the recent economic crisis where banks were unable to maintain the liquidity in the markets and as a result the economy got badly affected


What is the concept of economy?

The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.


What is cashless economy?

A cashless economy is an economy without cash, it uses digital money instead, transactions are made by digital devices such as mobile phones.

Related questions

What are the roles of enterpreneurs in Nigerian economy?

The entrepreneurship economy in Nigeria is a large part of its development strategy. Oil As Nigeria has an economy built on the trade of oil, the entrepreneurship economy has now become a part of the economy that the country is looking to develop to therefore increase its wealth. This is because the price that Nigeria sells its oil can not compete with the prices from places in the middle east and the country does not have the greatest international relationships. Growth As the country's economy continues to grow, the entrepreneurship economy has become stronger. Making big money from the smaller industries and changing the face of industry in Nigeria is one of its main tasks. It is done by creating other opportunities that can help to develop the country so that the model is sustainable without oil. This dependence on natural resources does not help the economy boom and creating industry that does is vital. International relations International relations have been poor in Nigeria. These are now getting better and there are many more countries across the globe that are willing to trade with Nigeria than there were a decade or so ago. This has started to boost the economy but with no major shift in industry, oil has let the economy down more than international relations. Mechanics There are many universities in Nigeria that specialize in mechanics. One of the major industries in the entrepreneurship economy is mechanics. This helps to develop the country as there are roles for unskilled workers as well as scientists, mathematicians and entrepreneurs. This rise in mechanics has seen many students from Nigeria study in different parts of the world for their mechanical engineering qualifications and also, more recently, people from western countries studying in Nigeria. This is because it costs less and the courses that can be taken are at the same standard as those in the USA and Europe.


When you were thirteen years old and at the beginning of summer you benched 155 pounds and now you bench 165 without working out how did this happen?

You have been growing and your muscles as still developing.


Would Nigeria exist without the forceful amalgamation in 1914 and consequently Nigeria as you have today?

Yes


Can Canada citizens travel to Nigeria without a visa?

the answer is yes , canadians needs visa to Nigeria


Can i leave Nigeria without have money on pocket?

yes no


What will Nigeria be like without a government?

chaotic society


What methods could the federal government use to stimulate the economy during a time when people were opposed to deficit spending?

The only way the federal government can lower taxes without contributing to a greater deficit is by cutting spending as well. This may either cause an increase in federal revenues through increased taxable income in a growing economy or have little to no effect in stimulating economic growth. The other way to stimulate the economy without increasing the deficit is eliminating regulations that create hurdles to businesses starting up and growing.


Does the earthworm have an impact on the economy?

I would somewhat say yes, because earthworms live and fertilize the dirt. And dirt does affect the economy slightly. I mean, you do buy and sell dirt for lawns and gardens. And without earthworms, our dirt wouldn't be good for growing things in.


Can there be growth without development?

no there would not be growth without development Reasons:1)lets use plant for example now when our plants start growing they start developing fruits,more leaves,they grow taller and start developing branches,ETC 2)Now for a country to grow the country must develop the governor must ensure that schools develop their standards so that there will good schools for students too go to 3)Lastly for us human beings when we start growing we start developing things like more teeth,grow taller,bigger,more hair,ETC.


Can you think of an economy without economic problems?

swedens economy, search it on wiki


How does photosynthesis affect the economy?

without it there would be no human life therefore no economy


Can Nigerians in the Caribbean travel to nigeria without transiting through Europe or US?

no