ABSTRACT
This topic “The Impact of the Federal Governments Economic Policy Measures on Nigeria’s Balance of Payments: Position (1999 – 2002)” was aimed at studying the economy of Nigeria. The work covered the balance of payments summary statements from 1999 – 2002 and various economic policy measures for the same period. Analysis was made and observations recorded. Contrary to my speculations, the economy faired well in 2002 and 2001 when the balance of payments recorded favourable balances arising from oil fortunes. However there were unfavorable balances in 1999 and 2002. Worthy of note was the significant contribution of agriculture in the 2001 balance of payment figure. In the study, the opinion poll was that the economic problems in Nigeria were not in policy formulations but in implementation. In the end, some doses of economic Panacea were put forward for the improvement of our economy. They include investment in non-oil sectors like agriculture and industry, security of the nation’s borders to cub the excesses of smugglers, foreign exchange budgeting and management to match with the available foreign exchange, manpower development, extensive and intensive re-orientation of Nigeria, etc all aimed at adding life to the economy.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.