Strategies for achieving sustainable economy in nigeria taking into. Achieving sustainable economic development in nigeria. Environmental policy and sustainable development in nigeria it should be noted that the achievement of individual potential through the state is a function of the carrying capacity of the earth environment. Prospects for achieving sustainable development through the. The paper examines how well have foreign aids been used to foster economic growth and development in nigeria. Sustainable economic development strategies james hurd nixon, president, and dr. Voices around the world are demanding for leadership role and direction in the fight against poverty, inequality, and climate change. Prosperity gospel and its religious impact on sustainable economic development of african nations josephine olatomi soboyejo crowther graduate theological seminary, abeokuta, nigeria abstract before the advent of african priests, expatriate missionaries in africa were noted for their detached and abstemious ways of life. Federal republic of nigeria implementation of the sdgs a. Nigeria could be a critical role towards achieving sustainable economic growth and development. Sustainable development can be interpreted in economic terms as develop ment that lasts pearce and barbier, 2000 i. The key to sustainable economic development in poor economies will be improving the economic integration between frontier and other sectors of the economy, targeting policies to improved resource.
The challenges and implications of sustainable development in africa. Capitalizing on the cultural sectors contribution to economic development and poverty reduction supporting sustainable cultural tourism, cultural and creative industries, cultural institutions and culturebased urban revitalization as powerful economic sub. The impact of corruption on sustainable economic growth. Womenmicro entrepreneurs and sustainable economic development in nigeria doi.
Oghenekohwo corresponding author department of educational foundations, niger delta university, wilberforce island, nigeria email. A sustainable approach to economic development in nigeria. Ergp, the sustainable development goals sdgs, africa union agenda 2063 and other internationally agreed declarations. Policy options for nigeria article pdf available in journal of economic cooperation and development 344. Pdf nigeria operates mono commodity petroleum based economy.
Ethnic conflict and sustainable development in nigeria. Expert interview on achieving sustainable economic. Literacy education and sustainable development in developing societies jonathan e. The main objective of this study is to examine the impact of corruption on sustainable economic growth and development in nigeria. The desired result is a state of society where living conditions and resources are used to. Implications of climate change for economic growth and. The effects of external debt management on sustainable. However, women benefited immensely from micro loans and facilitate their entrepreneurial activities in the. It can be taught of in terms of policies and programs designed to meet their own needs. Ethnicity, ethnic conflict, peace education, social justice, sustainable development 1. Agricultural production and economic growth in nigeria.
The unsdpf 20182022 reflects nigerias changing economic, social and environmental conditions and is designed as a strategic framework to assist and address nigerias. This study is geared towards investigating the effect of sustainable infrastructural development on economic growth in nigeria. The study on the disaster management for sustainable economic development in southeast, nigeria was motivated by the need to proffer possible strategies and solutions for managing disaster occurrences for sustainable economic development in. The sustainable development goals sdgs, also known as the global goals, were adopted by all united nations member states in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030. Participatory and sustainable rural economic development in nigeria ime okon utuk department of economics, faculty of social and management sciences, akwa ibom state university, obio akpa campus, nigeria.
The main purpose of this study is to ascertain the existence or not of a relationship between inflation and economic growth in nigeria. Economic development reference guide acknowledgements verizon verizons mission is to open doors for economic development and to build relationships and partnerships that help create and retain jobs in verizon communities. Engineers and sustainable development prepared by the world federation of engineering organizations committee on technology, august 2002. The paper concludes with the assertion that the challenges of climate change to economic growth and sustainable development in nigeria require creative thinking, holistic ideas, innovative solutions and the involvement of all stakeholders.
Achieving sustainable development and promoting development cooperation dialogues at the ecosoc iii desa the department of economic and social affairs of the united nations. By 1akintoye victor adejumo and 2opeyemi oluwabunmi adejumo abstract in recent time, the concept of sustainable development cannot be overemphasized. Pdf this study investigated the problem of urbanization and urban unemployment in nigeria and how it affects the sustainability of nigeria economy. New jobs are the lifeblood of any thriving region and can ensure economic health and prosperity for years to come. The scopes of the journal of economics and sustainable development jeds include, but not limited to, economic development. Problems of economic development in nigeria and solutions. Based on the discussion so far, an intuitive conclusion that a key precondition for ensuring and enhancing sustainable economic growth is through increased fixed capital formation. However, existing literature on the smes financing and economic development provide a contrasting results. The key to sustainable economic development in poor economies will be improving the economic integration between frontier and other sectors of the economy, targeting policies to. The reform of the energy sector is critical to sustainable development in nigeria. Pdf economic diversification for sustainable development in. Economic diversification for sustainable development in. Welcome to this cd about engineers and sustainable development.
Introduction nigeria as one of the developing countries in the world is one of the countries where ethnic pluralism is well pronounced. Achieving sustainable development and promoting development cooperation dialogues at the ecosoc iii desa the department of economic and social affairs of the united nations secretariat is. This paper therefore examined the causes and implications of increasing environmental deterioration for sustainable development in the country. Women entrepreneurial activity has tremendously contributed to socioeconomic impact on rural entrepreneurs especially female in nigeria. What are the key issues that have to be addressed in order to steer the country towards sustainable development. Achieving sustainable economic development in nigeria through. The methodology employed in this study is the cointegration and granger causality test. Prospects for achieving sustainable development through.
Access to clean, affordable and reliable energy are necessities in achieving a sustainable development in the modern world. Stock market and sustainable economic growth in nigeria. Tochukwu francis okoye thursday, december 9, 2010 nigeria. Economic diversification for sustainable development in nigeria. Strategies for achieving sustainable development in nigeria. Weiss, chairman and ceo, global urban development during the past decade, global urban development gud has created a systematic approach to sustainable economic development strategies. Information was generated extensively from literature, the nigeria central bank and national bureau of statistic reports. The paper finds out that there are several reasons for defence. The environment provides the required resources necessary for the actualization of individual potential. The tourism destination in taraba state, nigeria has witnessed tremendous attraction over the years from both domestic and international tourists. Science education and sustainable development in nigeria. Since the early 1980s, the term sustainable development has been used widely and. Journal of economics and sustainable development the scopes of the journal of economics and sustainable development jeds include, but not limited to, economic development. Federal republic of nigeria implementation of the sdgs.
The missing link yusuff, mulkat ajibola department of general studies, federal polytechnic, ilaro soyemi, jumoke department of computer science, federal polytechnic, ilaro abstract. Economic development is the desire of all nations of. As timmer 2005 noted, part of the controversy of the role of agriculture in development stems from the fact that structural transformation is a general. Literacy education and sustainable development in developing. Economic development is considered by the nigerian government to be its central task and this has led to vested interest and unparallel enthusiasm for growing. In order to ensure the sustainability of energy supply and subsequently the sustainable economic development of the country, the government has to intensify the further implementation of renewable energy and energy efficiency programs. The challenges and implications of sustainable development. The theme, zgreen economy in the context of sustainable development and poverty. Nigeria sustainable development the united nations. Peace education, social justice, sustainable development 1. Prospects for achieving sustainable development through the millennium development goals in nigeria. Achieving sustainable economic development in nigeria through technical and vocational education and training. Journal of sustainable development in africa volume 12, no.
The causal dynamics between agriculture and economic growth is an empirical question worthy of further investigation. The impact of insecurity and poverty on sustainable. The major findings of the study were greater number of the productive sectors of nigeria lack. Energy availabilty is crucial for the economic growth of any nation in the world today. A closedloop human ecosystem can be used to illustrate the many activities. Needs national economic empowerment, and development strategy nelcci new life community care initiative nema nigeria emergency management agency nergp nigeria economic recovery and growth plan. This research basically assesses the socio economic implications of ecotourism development particularly as regards to resorts spots in the state such. The impact of insecurity and poverty on sustainable economic. Energy efficiency leads to important social benefits, such as reducing the energy bills for poor households.
The import of this statement is that sustainable development in nigeria ensures that future generations have the right to a better standard of living, prevent the crises in resources, show the need for national quality and create the awareness of environmental, economic, and social. The non formal aspect of education has to be looked into. Economic diversity and sustainable development economic diversification is a process of broadening the range of economic activities both in the production and distribution of goods and services. Owusu and odhiambo 2014 14 employ the ardlbounds testing approach and multidimensional stock market development proxies to examine the relationship between stock market development and sustainable economic growth in ghana. Therefore, with a strong will to become a patriotic civil society, stable and prosperous, and enough wisdom to elect leaders with good will and fairly good knowledge of. Introduction nigeria as one of the developing countries in the world is one of the countries where ethnic pluralism is well. The achievement of sustainable economic development requires a new and different approach to policy making and its implementation. A communitybased approach to sustainable development. Central bank of nigeria plays a development finance roles through its credit schemes like agriculture credit guarantee scheme. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services based upon which the economy and society depend.
A framework addressing what sustainable economic development is, why it matters, and how it is similar to and different from traditional economic development a set of sustainable economic development initiatives and programs for citiesregions, with descriptions of each initiative and program, along with possible delivery partners. Pdf womenmicro entrepreneurs and sustainable economic. The paper examines the effects of defence spending on economic growth in nigeria. Entrepreneurship and economic development in nigeria. National economic empowerment and development strategy. The concept of sustainable economic development is central to the achievement of these key goals. Effect of sustainable infrastructural development on economic. Angola, nigeria, and south africa make up 56 percent of the regions aggregate gdp.
Entrepreneurship, employment and sustainable development in. It examines the magnitude of foreign aids obtained since 1981 through 2014. It is the relationship between insecurity and sustainable economic development in nigeria that constitute. Country profile home sustainable development knowledge.
Strategies for achieving sustainable development in. As a followup to the article on measuring progress using the sustainable economic development assessment seda model, here is an expert interview that gives additional content to measuring progress in nigeria. In this way, it draws the best from the conceptual work of researchers and the practical work of policy makers and statisticians. Inflation and economic growth in nigeria omoke journal. Omole catherine ohunene 1, ozoji bernadette ebele 2. Prosperity gospel and its religious impact on sustainable. To achieve this in nigeria, the relevant focal points for sustainable development must be identified and addressed. Effect of sustainable infrastructural development on. Sustainable human development is nothing but a dynamic framework that meaningfully provides people with job options, eliminates poverty and ensures equitable distribution of wealth in a society. Measuring progress for sustainable development sustainable engineering engineers can play an important role in sustainable development by planning and building projects that preserve natural resources, are costefficient and support human and natural environments. To turn these demands into actions, world leaders gathered on 25 september, 2015, at the united nations in new york to adopt the 2030 agenda for sustainable development. In the light of some of the environmental as well as socioeconomic challenges permeating the nigerian economy, it is therefore required that the nigerian. Again it is true that economic growth, by increasing a nations total wealth, also enhances its. The impact of corruption on sustainable economic growth and.
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