Naija Economics

Happy New Year   So i was thinking about how best to start my posts this year, and i thought well what better way to start a year that to sip from the wisdom of our fathers, So here is the top quotes on Economics by economists i found. Enjoy! 

I was reading on "Public Policy" a few days back and i thought i should share with us some of what i learnt, especially as there is the lingering case of public policy ineffectiveness in many developing countries of the world today. So lets understand what public policy is. 

Last semester we wrote  a term paper to evaluate the key Policy of the Jonathan Administration "The Transformation Agenda"  it was revealing. Indeed everyone interested in Nigeria's Economic development needs this term paper...Here is a brief snippet from the pdf. "Nigeria entered a new phase in its path to attaining its target developmental height on the 29th of May 2011

An Extract From A LECTURE Delivered by Senator representing Abia South Senatorial District , at the 2015 Faculty of social sciences Annual lecture, University of Benin on the 19th of August 2015 . Brief Biography  Senator Eyinnaya Harcourt Abaribe  is a Nigerian politician Born March 3, 1955 who was elected to the Abia-South Senatorial District of Abia State in the Senate of Nigeria in April 2007.He went to the University of Benin, where he received a bachelor's degree economics in 1979 and a master's degree in economics in 1982. He lectured at Edo State University from 1982 until 1985.  "A budget simply means a statement of intention and a guide to the achievement of the fiscal and monetary goals of the government for the period in question. Wikipedia defines it as a 'quantitative expression of a plan for a defined period of time'. In other words,  a spending plan to achieve a desired result.

I watched as the this year's rounds of Nobel prizes came to an ended with the committee announcing Angus Deaton  as this year's Economics Nobel laureate it was a battle for who has impacted humanity the most via Economics, then a thought struck me when will a Nigerian ever win the Nobel Prize In Economics. As the reality of this question dawned on me i became more worried will a Nigerian be able  to win a Nobel Prize In Economics?. 

By Victor Abidemi abidemivic@gmail.com The  world  is  rapidly  moving  towards  an  economic  system  that  is  based  on  the continuous  application  of  economic  analysis  to  real  world  issues,  as  such  the  role  of Economist  all  over  the  world  is  increasingly  becoming  important  and  vital  to  the growth  of any  nation. In  the US for example,  Economist  typically  do  the following:   Research  and  analyze economic issues   Conduct  surveys  and  collect  data   Analyze data using  mathematical  models  and  statistical  techniques   Prepare reports,  tables  and  charts  that  present  research  results   Interpret  and  forecast  market  trends   Advise  businesses,  governments  and  individuals  o  economic topics   Design  policies  or make recommendations  for solving  economic problems   Write articles  for  publication  in  academic journals  and  other media  sources While  doing  all  these,

Today its almost impossible for any researcher, student or even any organization or Institution in Nigeria to gain access to Statistics relevant to their study,  the only saviour one might find are Foreign research Institutions such as The IMF, World Bank, etc which have become more reliable than our own unlike other Developed nations of the world who know the importance of research and development and realise the essence of a  well collected and reliable Statistical system to attain even higher levels of development ; but who is to be  blamed ? if this doesn't spell doom to our very sovereignty as a nation i don't know what does. According to African Development Bank Chief Economist Steve Kayizzi-Mugerwa " the collection of national statistics... is of course key not only for national planning but also for investment decisions by the private sector" .The importance of efficient data management to any organization or nation cannot be overemphasized. Yet this singl