Issues in Global Business and Strategic Concepts

Added on - 03 Dec 2019

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ISSUESINGLOBALBUSINESSANDSTRATEGICCONCEPTS1
EXECUTIVESUMMARYEconomic growth in Nigeria slowed in the first quarter as the oil industry contracted a slumpin prices. Nigeria has been considered as largest economy of Africa due to its oil and gas industries.Economic weight in Africa is shifting north and Nigeria has overtaken South Africa to become thecontinent's largest economy. Moving up ten notches to become the world's 26thlargest economy andNigeria has joined the growing club of middle income countries. The Nigerian economy has beenplagued with several challenges over the years and in spite of many, fiscal and monetary policy ofNigeria is not able to increase the economic potential for rapid development. Nigeria is the largesteconomy of African and recently Nigeria has changed its economic analysis so as to identify therapid contributors in the GDP. Researcher is also discussing several issues that are prevailing in theeconomy and along with that, its impacts are also discussed. In the year 2014. Nigeria surpassedSouth Africa as the continent's largest economy and it is also estimated that Nigerians live than $1 aday and Nigeria suffered issues as well from Ebola virus.2
Table of ContentsIntroduction.........................................................................................................................................5Growth of Nigerian Economy..........................................................................................................5Issues in Nigerian Economy................................................................................................................6Nigeria's contribution to the African economy................................................................................8Areas where Nigeria should prioritize over next 2-3 years..................................................................9Fiscal and Monetary policy of Nigeria...........................................................................................9Conclusion.........................................................................................................................................10References.........................................................................................................................................103
Illustration IndexIllustration 1: GDP ratio of Nigeria......................................................................................................6Illustration 2: Poverty ratio in Nigeria..................................................................................................7Illustration 3: Nigeria's recent GDP calculation...................................................................................94
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