TOP 10 PROBLEMS OF ECONOMIC DEVELOPMENT IN NIGERIA AND SOLUTIONS. 1.3 Objectives of the Study. AGRICULTURE: The World Banks support for the agricultural sector, including through the Commercial Agriculture Development Project, the Transforming Irrigation and Water Resources Management Project and West Africa Agriculture Productivity Projecthas helped Nigeria strengthen agricultural production: Over 7 million farmers received improved agricultural technology, Farmers cultivating tomatoes and rice contributed 26% and 14.27%, to national production respectively, in 2019, Cassava farmers realized more than $55 million as revenue and a gross margin of over $36 million in 2019, Rice, sorghum and tomatoes farmers realized gross margins of over $288 million, $169 million, and $53 million respectively, A Farmers Microfinance Bank birthed from FADAMA gives loans at low interest rate of 3.5% for business startup and expansion, with 80% recovery rate. Nigerias federal system gives governors great responsibilities in addressing the issues driving the countrys multiple conflicts, including farmer-herder violence, deepening regional divides, armed banditry and the Boko Haram insurgency. Despite being neighbors, the mostly Muslim north and predominantly Christian south were never united until 1914. Nicholas.opara@humi.ca. But regularly, these government strategies have failed due to poor integration of essential variables such as culture and or poorly coordinated community development activities. d. Resource management should be prioritized so that groups like MEND can no longer exist in our country. Another issue in Nigerian schools nowadays is political meddling; politics is the most powerful factor in the Nigerian educational system. In Nigeria, like in many other developing countries, accommodation forms one of the biggest challenges, particularly in growing urban centers. Through nature-based solutions, such as the sustainable management and protection of land, rivers and oceans, we help ensure that countries have adequate food and water, are resilient to climate change and disasters, shift to green economic pathways, and can sustain work for billions of people through forestry, agriculture, fisheries and tourism. The use of violence to combat violence is unlikely to succeed in eliminating terrorism since it will result in the deaths of many innocent people. Constraints to Increased Agricultural Output in Nigeria The low degree to which the sector has responded to policy measures may be partially I. Disasters and the effects of climate change have displaced more people than ever before on average 14 million people annually. The primary impact is on the environment and the effect on the lives of the people around them. Workers incomes are no longer sufficient to purchase physical goods from marketplaces. Increasingly, middle-income countries account for a large part of this trend. 2 0 obj PDF | Coconut (Cocos nucifera) is a popular member of the palm family Arecaceae which originated from Asia. TheCountry Partnership Strategy period (FY2020-FY2024)is structured around four key engagement areas: The World Bank is supporting Nigeria with an active investment of $12.2 billion in financing from the International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD). A sustainable environment is free of pollution, safe, and has a reduced level of emission. It features in our work with governments, communities and partners across the 170 countries and territories in which we operate. They were too preoccupied with reading textbooks to understand how to apply what they had learned. Nigeria's Environmental Challenges and the Looming Dangers. Corruption is at the root of many of Nigeria's problems. Oil spills deplete soil microorganisms and nutrients, which impacts Delta fishing and farming communities as well as the broader economy. Recommended: Best businesses to start with N100k in Nigeria and be successful. 1. The figures which should help the government for effective planning are sometimes manipulated for political gain. 4 Topics . 7 Topics | 1 Quiz Constitution Development in Nigeria III | Week 6 . One of the policy goals of sustainable development is the delivery of adequate housing for Countries in the global south. Gender equality and womens empowerment is a guiding principle that applies to everything we do, collaborating with our partner countries to end gender-based violence, tackle climate change with women farmers, and advance female leadership in business and politics. Recommended: Problems of the Nigerian educational system. 75 hydromet stations providing data for integrated catchment planning have been installed across the country, 2 stormwater master plans have been completed for Onitsha in Anambra State, Aba and Abakaliki in Ebonyi State, strengthening and streamlining the country's Environmental Impact Assessment process, Issuance of Nigerias second tranche of Sovereign Green Bond (for $42 million) after the first green bond, to finance climate change activities. Poverty. Lack of skilled personnels: Brain drain has become a common phenomenon today, as our highly skilled professionals are now relocating to countries where there are quality infrastructures to work, great standard of living, and a good pay to match. 2023, Bscholarly LLC. This study examines several agricultural policies and programmes that were initiated in Nigeria especially under President Buhari's administration and in China aimed at enhancing poverty reduction. As common with most of the new states of Africa and Asia, no problem has more fiercely challenged political order in Nigeria than ethno-religious conflicts.10 This paper examines Nigeria's history and political weaknesses. Nigerian President Muhammadu Buhari says he expects a credible election to choose his successor in just 10 weeks. The World Bank Group works in every major area of development. The organization has kidnapped children and murdered Christians across the country. Introduction Development planning as a long-term programme designed to effect some permanent structural changes in the economy is connected with the involvement Political instability. (1) Outline and describe the various problems of agricultural development in Nigeria. The benefits of our work on governance are evident in all the areas covered by the SDGs, whether its climate action or gender equality. Many lives have been sacrificed as a result of land ownership disputes, and many more are likely to be lost until these concerns are resolved once and for all. Even if they have suspended operations for the time being, their actions have drastically reduced crude oil output in the country. Sustainable development cannot be achieved with this number without significantly transforming how we build and manage our urban spaces. In examining these issues, it is important to adopt one or more of the strategies often adopted by scholars on governance and development. Your email address will not be published. Students who attend tertiary education institutes frequently leave with no employment and low morale. This can be accomplished by learning one or two different trades. Below are some of the difficulties impacting ethnicity in Nigeria, as well as proposed. Edeh Samuel Chukwuemeka ACMC, is a Law Student and a Certified Mediator/Conciliator in Nigeria. The Nigerian government requires a rebirth. 2301 Constitution Avenue NW, Washington, DC 20037Tel: +1.202.457.1700, About The use of violence to combat violence is unlikely to succeed in eliminating terrorism since it will result in the deaths of many innocent people. Due to the escalating costs of education (school fees, enrolment fees, the cost of books and other materials), students and even their parents will not want to be held behind by any type of deficit or failure in any of the needed topics, and would thus go to any length to avoid being held back. 2023 United Nations Development Programme, http://dx.doi.org/10.1787/9789264267213-en, http://www.unisdr.org/we/inform/publications/43291. Renewable energy is a significant component of a sustainable environment, and incorporating it into housing will likely result in the hike of prices of properties. Nigerian Institute of Training and Development Prizes/Awards 1) Best MBA graduating student in Entrepreneurship - Lagos Chamber of Commerce and Industry Prize 2) Best graduating student in Management (M.B.A . 1. 1. Professionals in the industry must educate themselves and their clients about the benefits of incorporating sustainability as an upfront investment in construction projects. On the other hand, Property Developers are more profit-oriented. (ii) Abandoned land should be put to use. According to the UN Population Fund data, more people in the world live in urban than in rural settings since 2010. Without a clear statement of aims such as the Ashby Report represents, it is impossible to work out the economic implications and to develop final feasible policies. The sector which was neglected had since 2016 became an option for diversification owing to its vast potentials . Even if you dont live in Nigeria, youve probably heard of Boko Harams kidnappings of hundreds of children, predominantly girls, from schools and communities in northern Nigeria in 2014. Also see: Why is Nigeria so corrupt? Around 258 million people live outside their countries of origin and 68.5 million are displaced. Underpinning all three development challenges is a set of core development needs, including the need to strengthen gender equality and the empowerment of women and girls, and to ensure the protection of human rights. In 2018, 40% of Nigerians (83 million people) lived below the poverty line, while another 25% (53 million) were vulnerable. The amount saved from the FADAMA enterprises was over $200,000 as at 2019, Export of over 10,000 metric tons of smoked fish and other Agric-products, 3,102 hectares received improved irrigation services through the ongoing rehabilitation of 3 dams located in Sokoto, Zamfara and Kano states under the Transforming Irrigation Management in Nigeria project. To fulfill the aims of the Strategic Plan with the multi-dimensionality and complexity that the 2030 Agenda demands, UNDP is implementing six cross-cutting approaches to development, known as Signature Solutions. Domestic output suffers as a result of these conditions, but frequent power outages also make it impossible for many international enterprises to do business in Nigeria. c. All tribes and areas should be treated equally by the government. According to a report in 2014, female education has an important impact on the development of a stable, prosperous and healthy nation state resulting in active, productive and empowered citizens. Grants & Fellowships Achieving the development needs and improving the standard of living of communities is also dependent on the real estate industry. Developing sustainable communities should be at the top of the agenda of any government, and the government should champion relevant policies. impact of manpower development on efficient management of parastatals (a case study of nigeria railway, eastern division enugu) by nwakodo johnson kelechi pa/ 2006 /106 department of public administration, faculty of management and social sciences, caritas university amorji nike enugu, enugu state in partial fulfillment of the requirement for the award of bachelor of science (b.sc.) Nigeria's urban development plan, to the extent that there is even a semblance of planning, does not cater for the poor. A credible, publicly accepted result and a peaceful transfer of power could help consolidate democracy in Africas most populous country following democratic setbacks in the region, notably seven coups in 26 months in the Sahel and West Africa. Nigerians and foreign watchdog groups describe accounts of candidates using thugs to steal ballot boxes and threaten voters during elections. 5 Social Issues Dividing Nigeria. The daily massacres, kidnappings, bombings, and rape carried out by Boko Haram throughout the country are quite concerning. Key issues that defined Nigeria's presidential, NASS elections - CDD "INEC officials were present at polling stations before they opened at 0830 in just 36.7% of cases according to our . UNDP works to ensure responses are multisectoral and coherent from global to local. In 2019, the Network of Nigerian Facilitators (NNF) helped Kaduna and Plateau state peacebuilding institutions orchestrate a peace agreement to resolve a long-standing, cross-border violent conflict between Aten, Fulani and Takad communities in both states. You also gave solutions. Poverty: One of the major problems facing agriculture in Nigeria is extreme poverty prevalent in the country. 10. Similarly, developing sustainability-compliant buildings is a relatively new concept in Nigeria, and the risk associated with testing new waters might be responsible for the reluctance. Inequality: This is due to the governments and its agencies apparent favoring of people or regions belonging to one tribe over another. This includes empowering women and girls and increasing their human capital and economic opportunities, increasing domestic revenue mobilization, and improving the quality of public expenditures and strengthening debt management. APC: Electronic Transfer of Results Complaints Not Supported By Law, SCourt Declares Old Naira Notes Valid Till December 31, Buhari: I will End Insecurity Before Bowing Out, Breaking: 7 PDP States Discontinue Suit Against FG Challenging Declaration of Tinubu as President-elect, ANOTHER GREAT BOOK TO CONSIDER: INSTANT INCOME, Buhari Condoles With Abacha Family over Death of Son, Abdullahi, LiteFinance Reiterates Commitment to Uplifting Living Standard of Nigerians, INEC: 10th Assembly Will be Most Diverse Since 1999. The lack of job opportunities is at the core of the high poverty levels, regional inequality, and social and political unrest. Poor Data Collection. This is because corruption affects practically all Nigerians on a daily basis, not only crooked politicians. Water resources and railways have similar problems with insufficiency and corruption. UNDPs work, adapted to a range of country contexts, is framed through three broad development settings. Problems of rural development in Nigeria. It Economic crisis: Nigerias economic situation has deteriorated significantly. 9. - Intra-and inter-communal Disputes. The Nigeria Development Update (NDU) is a biannual World Bank report series. The WBG is an active partner in donor coordination. Meanwhile, continued scarcity of foreign exchange and tighter liquidity could affect the economic activity in the non-oil sector and undermine the overall macroeconomic stability. Even though the country has been together for almost a century, it has failed to fully integrate. HIV/AIDS and the Economy: HIV/AIDS have become a major treat to economy. A survey of over 100 small business owners revealed that the number one issue that Nigerian business owners have with their business is finding quality and highly trained staff . These survey findings informed policy discussions with senior U.S. and Nigerian policymakers, including Nigerian President Buhari and state governors. Ibrahim Gambari, chief of staff to the term-limited President Muhammadu Buhari, says the outgoing president has made organizing a peaceful, free and fair election process a cornerstone of the legacy he hopes to hand to his successor and that he hopes civil society, political leaders and international partners like the United States can rally behind Nigerians as they exercise their right to vote. National development plans in Nigeria The problems of national development in Nigeria We have had series of development plans in Nigeria. 1 0 obj Typically, a government cannot manage its economic, political, and social affairs without fostering interaction between it .