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Economics: Policy advicing to Nigeria - Research Paper Example

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Despite being released from the control of the Western countries during the era of colonization, most African countries have been faced with lack of adequate laws to curb illegal social movements and solve interior problems including fighting for resources such as oil and…
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Economics: Policy advicing to Nigeria
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Economics: Policy advicing to Nigeria

Download file to see previous pages... With a population of approximately 175 million people, the country obtained its independence from the UK government in 1960 and became a republic in 1963. Based on its large population, Nigeria accounts for approximately 18% of the Africa population. 52% of the population resides in the rural area while the rest 48% are in urban areas. As the result of high fertility rates and increased population growth rates, Nigeria has experienced high population in the last 60 years. As the result of the stiff competition for resources in Nigeria, the living condition and health care are in poor condition. The country life expectancy stands at 52 years. As compared to other African countries, Nigeria has lower rate of HIV/AIDS spread.
Nigeria is ruled by the president who is elected by a popular vote to rule for a period of 4 years. According to the country constitution, the powers of the president are checked by the House of Representatives and Senate. In order to ensure that the country large population is effectively administered, the country constitution allows for three major systems of law. The first one is common law. This was the law that originated from the colonial government but underwent changes after the country became independence. The second one is the customary law that is originates from the traditional practices. Thirdly is the Sharia law that is mostly used in the Northern Nigeria by the Muslims. According to a report by World Bank, Nigeria has already reached the middle income level based on its wide range of resources. As the result of the abundant supply of oil products among other natural resources, the economy of the country has significantly improved as compared with other African countries. The country Gross Domestic Growth (GDP) stands at $523 billion putting the country at position thirty in the world in terms of GDP growth and position and number two in Africa after ...Download file to see next pagesRead More
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