This research is aimed at assessing the role of small business in alleviating poverty in Nigeria, a case study of Ubotex Nigeria Limited is one disease that has left Ubotex Nigeria Limited people designed and under-develop and Nigerian in general, for it to be eradicated successfully, people business or the other so as to improve their standards of living. Therefore, the scope of these study will not go beyond Ubotex Nigeria and Nigeria in general.

Money deposit banks are resident depository corporations and quasi-corporations which have any liabilities in the form of deposits payable on demand, transferable by cheque or otherwise usable for making payments. The banking sector in Nigeria in 2010 financial year was oligopolistic in structure as only ten banks 11.1% of the 90 operation accounted for 54.5% of total assets, 52.4% of total deposit liabilities and 46.1% of total deposit liabilities of deposit money bank as at 31/12/2006 amounted... read more

Exchange rate is a prominent determinant of world trade, receiving much attention in the context of global imbalances. The subject of exchange rate fluctuation came to be a topical issue in Nigeria because it is the goal of every economy to have a stable rate of exchange with its trading partners. In Nigeria, this goal was not realized in spite of the fact that they embarked on the devaluation of the naira and adopted the Structural Adjustment Program (SAP) in 1986. The failure to realize this g... read more

Oil is a major source of energy in Nigeria and the world in general. Oil being the mainstay of the Nigerian economy plays a vital role in shaping the economic and political destiny of the country. Although Nigeria’s oil industry was founded at the beginning of the century, it was not until the end of the Nigeria civil war (1967 - 1970) that the oil industry began to play a prominent role in the economic life of the country (Fashola, 1999). Oil abundance, and specifically oil dependence has... read more

The impact of public expenditure on agriculture in Nigeria is enormous. Government having recognized agriculture as the second highest sector after oil of which the country depends for food, employment and foreign exchange. This project work would summarize the magnitude and composition of governments’ expenditure on agricultural sector since 1960 The project also examines that contribution of agriculture towards Gross Domestic Product (G.D.P), between the year 1960 when Nigeria got independe... read more

The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. Therefore the body of literature on population growth in Nigeria has always emphasized either the negative or the positive effect. Therefore in every discussion, it is conventional to start with a definition of terms used in such discussion. However, population can be seen by a de... read more

Financial Literacy is the ability to make informed judgments and to make effective decisions regarding the use and management of money .The need for financial literacy cant be over emphasized in this our time even as the Central Bank of Nigeria seeks to enahance an efficient economy especially through the e- banking system and thus creating a cashless economy beginning form June 1 2012. Financial system plays a crucial role in the process of financial intermediation in Particular to the growth ... read more

The recent evolution of technology for financial transactions poses interesting questions for policy makers and financial institutions regarding the suitability of current institutional arrangements and availability of instruments to guarantee financial stability, efficiency and effectiveness of monetary policy. Over the course of history, different forms of payment systems have been in existence. Initially, ‘trade by barter’ was common; however, the problems of barter such as the double coi... read more

Taxation is the system of raising money in form of taxes paid by the citizens of the country in return for the services rendered by the government. It could be recalled that taxation is instituted by God, this is traced back to “Mattew chapter 22 vs. 17-21”, when the Pharisees asked Jesus whether it is lawful to pay taxes or not. The Pharisees were later told render therefore to Caesars the things that are Caesar’s and to God the things that are to God. According to Lekan .S. etal (2006)... read more

The economy is a complex dynamic factor, requiring greater attention in terms of its analysis and efficient management for productivity, stability growth and increased standard of living of people operating Nigeria. Since 17th century efforts was made to promoting economic growth and have focused on the small and medium scale industries (SMIS) as the keys and the development of an economy and manufacturing sector in general. The role of small and medium scale industries in the overall growth an... read more

In our economy today we are privileged to make use of the advanced world countries’ products having risen from improved or advanced technologies of the world. We even eat their type of food, wear their type of cloth, drive in their kind of cars etc. without having to do all these in their country. Also we enjoy the best of products from neighboring countries without having to travel there to get or use it. All these are made possible by international trade. International trade has a direct eff... read more

There is a number of reasons for a country to be concerned about its rate of economic growth. Economic growth is desired by both affluent and non-affluent economies. Economic growth is the desire for higher levels or real per capital income, real output which must grow faster than the production of the economy in question. Economists, policy-makers, public and private sectors work ceaselessly towards attaining economic growth by the use of development and growth models and policies. Among the po... read more

The role of Small and Medium-Scale Enterprises (SMEs) in the national economy cannot be underestimated. These enterprises are being given increasing policy attention in recent years, particularly in third world countries partly because of growing disappointment with results of development strategies focusing on large scale capital intensive and high import dependent industrial plants. The impact of SMEs is felt in the following ways: Greater utilization of local raw materials, employment generat... read more

The transportation system in Nigeria is being seen as the means towards attainment of growth and development of the Nigeria economy. To attain such growth, an efficient function forms has to be laid. In every aspect of man’s activities, transportation has come to play a vital role, which ranks it among the most important determinants of any success in such human activities. The transportation of goods and services has become vital to the economy due to foreign exchange earning to the sector... read more

Unemployment is generally agreed to be symptom of macro- economic illness which could be “voluntary” or in “Voluntary”. When is said voluntary I mean a condition where somebody chooses not to work because they have a means of support other than employment example is the idle rich man. On the other hand involuntary unemployment exists when persons are willing to work at the prevailing rate of pay but unable to find work. (Anyanwu 1995). Balogun, ed et el (2003) also defined unemployed ... read more

The concept of poverty and material deprivation is a critical one in contemporary social discussions. Social Sciences’ literature is replete with attempt by Economists and other Social Scientists to conceptualize the phenomenon. Poverty has economic, social and political ramifications. The poor are materially deprived, socially alienated and politically excommunicated. Basically, Poverty has been conceptualized in the following ways: a. Lack of access to basic needs/goods and b. Lack of or i... read more

Nigeria is endowed with natural resources, large fertile farmland, wide range crops, and river amongst others. Despite its abundant natural resources it is faced with poor food situation. The poor food situation is traceable to the decline in the agricultural sector. The problem of feeding and provision of natural resources is increasing by the day. However several efforts are being made to improved the standard. Prior to the discovery of petroleum in Nigeria agriculture used to be the highest ... read more

Stock Market is viewed as a medium to encourage savings, help channel savings into productive investment, and improve the efficient and productivity of investment. The emphasis on the growth of stock markets for domestics‘ resource mobilization has also been strengthened by the need to attract foreign capital in non-debt creating forms. A viable equity market can serve to make the financial system more competitive and efficient. Without equity markets, companies have to rely on internal financ... read more

A powerful force drives the world towards a converging commonality, and that force is technology (Levitt, 1992). From the beginning of human era, technology has been one of the most essential and most important factors for the development of mankind (Coombs et al, 1987). During the last two hundred years, technological changes have often been related to economic growth in the form of new types of goods and services. Smith (1776) First wrote about technical changes in the form of new machines as ... read more

Financial sector constitutes a key sector of any economy. Its activities include the mobility of financial resources through institutions from surplus units, channeling of financial resources through intermediaries/institutions to deficit units, identification and funding of viable business opportunities, enabling trade, hedging and diversifying risk and facilitating the exchange of goods and services. Financial sector is strategic for the reason that it intermediates financial resources between... read more