OSALOR, Peter

He is a fellow member of Association of Certified Chartered Accountants (FCCA), the Institute of Chartered Accountants of Nigeria (FCA). He also holds the Associate Membership of Taxation of Nigeria (ACIT).

Example Of Successful Entrepreneurs Who Started As Teenagers by Peter O Osalor
Mark Zuckerberg is the co-founder of Facebook who started it in 2004 along with his classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes when they were studying at Harvard University. There are more than 400 million users internationally. His personal wealth is estimated to be around $13.5 billion in 2011.
http://EzineArticles.com/7082855 – May 24, 2012
Empowering Teenager Entrepreneurs To Be Leaders Of Tomorrow by Peter O Osalor
A teenager is person between the ages of 13 and 19, who also can be called an adolescent. They are called teenagers because their age number ends in “teen”. Someone aged 18 or 19 is also considered a young adult. All over the world, there are approximately 1 billion teenagers. In Nigeria, statistics reveal that more than half of the population are youths between the ages of 13 and 35 years. The teenage years are a transition stage from childhood to adulthood. At this stage of life, teenagers are very impressionable, moldable, energetic as well as creative.
http://EzineArticles.com/7082850 – May 24, 2012
Youth Restiveness and Unemployment in Nigeria: The Way Out by Peter O Osalor
The words ‘youth’ and ‘restiveness’ have become so commonly used together in the last couple of years that it seems to have taken on a life of its own. In the last decade and more there has been a proliferation of cases all over the country and indeed the world, of youth agitations which have tons of people dead and valuable infrastructure as well as personal properties lost and destroyed. A sustained protestation embarked upon to enforce a desired outcome from a constituted authority by an organised body of youths, fits the label of youth restiveness.
http://EzineArticles.com/7046622 – May 07, 2012
The Root Causes of Youth Restiveness in Nigeria by Peter O Osalor
Marginalization: The notion appears to have gained ground that the youth resort to restiveness because of their perceived marginalisation by the ‘selfish’ elders in the scheme of things in the communities. In order to get their share of the benefits accruing to the society they resort to taking on their elders headlong, culminating in the restiveness rampant in most of our communities today. Unemployment: Unemployment is a hydra-headed monster which exists among the youth in all developing countries.
http://EzineArticles.com/7046649 – May 07, 2012
The Role of Government in Nigeria Youth Unemployment by Peter O Osalor
It is the duty and responsibility of the government and different policy makers to provide such an environment and conditions which are conducive for the youth entrepreneurial activities. Different policy initiatives encourage and motivate young people to come up with new ideas and start their own youth enterprises. This will first reduce the incidence of unemployment to a great extent and as such would have dealt a massive blow to the problem of youth restiveness.
http://EzineArticles.com/7046666 – May 07, 2012
Job Creation Strategies for Youths in Nigeria: What the Government Can Do by Peter O Osalor
The U.S. needs 25 million barrels of oil daily, and pumps about 8 million of those barrels domestically. The U.S. oil and gas industry provides employment directly or indirectly to 9.6 million Americans.
http://EzineArticles.com/7046677 – May 07, 2012
Women Empowerment And Entrepreneurial Revolution by Peter O Osalor
When women are fully involved, the benefits can be seen immediately; families are healthier and better fed; their income savings and reinvestment go up. And what is true of families is also of communities and, in the long run, of whole countries…..Kofi Anan Women have generally been looked upon with contempt for centuries with various strictures inflicted upon them reducing their status to the mercy of men. They have been confined to hearth and home. But now the perspective of the society has changed and a general thinking to work for the emancipation and empowerment of women is being developed so that they could also contribute in the advancement and welfare of the society.
http://EzineArticles.com/6518824 – Aug 25, 2011
Ways To Empower Women For Entrepreneurship Development by Peter O Osalor
Introducing legal reforms to ensure equal rights of women to ownership, inheritance and financial control; with a view to reinforcing their special skills and advantages and leveraging them for immediate and long-term macro-economic gains, at both local and national levels. Reprioritizing budgetary outlays and official expenditure models with the specific objective of improving gender equality, through the introduction of special schemes and programmes that effectively encourage women’s involvement in entrepreneurial activities. Enforcing equitable gender participation through the development of focused entrepreneurial activity for women that takes their socio-cultural, legal and economic constraints into account.
http://EzineArticles.com/6518832 – Aug 25, 2011
The Qualities and Traits of a Successful Entrepreneur by Peter O Osalor
Entrepreneurial activities are on the rise in Nigeria. This is mainly as a result of the lack of jobs that plague many Nigerians including university graduates. A study carried out by Gallup showed that 67 percent of Nigerians are willing to start their own businesses. Furthermore, 80 percent of those interviewed believed that their businesses would be successful in Nigeria. This is a large percentage as compared to the results of other West African countries whose median for those willing to start a business was 44 percent. This trend has not gone unnoticed and the former Nigerian president, Olusegun Obasanjo even mandated that entrepreneurial skills be taught to all university students irrespective of their major.
http://EzineArticles.com/5406499 – Nov 18, 2010
NNPC: Achievements and Contributions to the Nigerian Economy by Peter O Osalor
The Nigerian National Petroleum Corporation (NNPC) announced in October last year that the much-anticipated Okpai Power Plant in Delta State, the largest gas-power initiative in the African continent, is on the verge of becoming operational. The two phases of the project that would together generate 1,000 MW of electricity on completion is being implemented under the Clean Development Mechanism Protocol of the UN Framework Convention on Climate Change. The rare achievement, which marks a significant milestone in the country’s infrastructure development, reconfirms NNPC’s position as a principal driving force behind the Nigerian economy.
http://EzineArticles.com/5406527 – Nov 18, 2010
How to Know and Chose the Business That Is Right for You and the Business Medium by Peter O Osalor
Former Nigerian president, Olesegun Obasanjo’s administration came up with an ambitious plan of making the country among the world’s top 20 industrialized nations by the year 2020. To be able to achieve this, the government recognized two key areas that would play a critical role for that ambitious plan to be a reality. These two areas include information communication and technology (ICT) and entrepreneurship.
http://EzineArticles.com/5406541 – Nov 18, 2010
Problems Encountered by Nigerian Entrepreneur and Possible Solutions by Peter O Osalor
The success enjoyed by most industrialized countries can be attributed to the role played by technological innovation and entrepreneurship, both of which continue to drive their economies today. These two factors are seen as key components for the industrialization and development of African countries. The Nigerian government has recognized this fact and has taken measures aimed at promoting and cultivating the entrepreneurial culture in our country. Through the Nigerian Investing Commission (NIC), our government has in the past introduced a policy that required university students regardless of their area of study to take courses in entrepreneurship. While our government is putting extra effort in promoting entrepreneurship in Nigeria, there are still a number of problems that a Nigerian Entrepreneur faces. Below are some of the problems encountered and possible.
http://EzineArticles.com/5406557 – Nov 18, 2010
10 Reasons Why Now Is the Right Time to Become an Entrepreneur by Peter O Osalor
Entrepreneurship generally refers to the practice of instituting new business enterprises or revitalizing already established ventures. Most entrepreneurs are driven by existence of an opportunity that once ventured into will result in profits. Entrepreneurship is over and over again an obscure enterprise, as numerous novel ventures end up failing. Entrepreneurship encompasses various multifaceted tasks and can be undertaken by a small group of persons to a large group that involves a large capital outlay. Nigeria is known to be endowed with various minerals that form part of the country’s economy but the job opportunities are less compared to the number of graduates that are entering the job market. This has led to unemployment of very many young people.
http://EzineArticles.com/5406572 – Nov 18, 2010
Venture Capitalism and Enterprise Revolution in Nigeria by Peter O Osalor
The African Capital Alliance (ACA), a private equity fund manager in western Africa, announced the raising of $200 million from investors in July last year. The third installment of the Capital Alliance Private Equity (CAPE) fund will target important sectors such as power, oil and gas, communications and financial services in Nigeria and across the sub-Saharan region. The ACA is confident of eventually raising a total of $350 million for the fund from aid agencies, international banks and Nigerian institutional investors. The development reflects mounting confidence in Nigeria’s resurgent economy, considering the country’s fist such fund that started out in 1998 with a capital of just $35 million.
http://EzineArticles.com/5406614 – Nov 18, 2010
Nigeria’s Agro Allied Industry: A Starting Point for Enterprise Revolution by Peter O Osalor
In a recent pronouncement, the Nigerian Central Bank announced the establishment of a federally-assisted programme specifically aimed at promoting agricultural enterprises. The Commercial Agriculture Credit Scheme (CACS) is a unique initiative launched as part of Late President UM Yar’Adua’s Seven Point Agenda for economic revival and accelerated growth. It will provide concessionary funding to small farmers through credit guarantees and interest draw-back support. Initial outlay for the scheme stands at a respectable $1.4 billion1, to be disbursed through participating commercial banks. The Nigerian government is understandably optimistic about the programme and its potential to increase farmland output, diversify the revenue base and provide vital resources and raw material to the manufacturing sector. The idea of agriculture and agro-based industry as a strategy for accelerated economic growth is slowly beginning to take hold.
http://EzineArticles.com/5406655 – Nov 18, 2010
The Nigerian Palm Oil Industry: What Went Wrong and the Way Forward by Peter O Osalor
Nigeria’s once-thriving palm oil industry is often cited as one of the most miserably failed economic opportunities in Africa. Use of the oil palm fruit to extract edible oil has been in practice across the continent for centuries, and it remains an essential ingredient in much of West African cuisine. Farmers in the region, who inter-cropped palm oil with other food crops like yam and maize, started the first export trade early in the nineteenth century.
http://EzineArticles.com/5157263 – Oct 06, 2010
Nigeria’s Oil Imbroglio and the Case Against Imports by Peter O Osalor
Africa’s largest oil producer suffered one of its worst fuel shortages earlier this year when a supply interruption caused chaos and disruption across its cities. The situation was the outcome of oil marketers embarking on a months-long suspension of imports in protest against unpaid government subsidies. Although import shipments resumed in May after Abuja started paying off millions of dollars in subsidy arrears, fuel supplies took more than a month to return to normal.
http://EzineArticles.com/5157276 – Oct 06, 2010
The Mindset of an Entrepreneur by Peter O Osalor
The need for Africans to pull themselves out of grinding poverty is an urgent task that has to be looked into by the authorities who have the adequate machinery. The most appropriate way to deal with this is to instill a culture of entrepreneurship in the masses until it becomes entrenched in the fabric of the society. The masses are often willing to engage in activities that will improve their lives but without the right direction, they simply find entrepreneurship daunting and unattainable.
http://EzineArticles.com/5157288 – Oct 06, 2010
Entrepreneurial Interdependence and Enterprise Revolution in Nigeria by Peter O Osalor
There is bad news for oil exporters to the United States. Earlier in September 2009, the administration of President Barack Obama indicated its readiness to lower US over-dependence on oil as part of efforts to cut down on emissions and develop a clean-energy economy. Nigeria, with proven crude reserves in excess of 36 billion barrels as of 2007, supplies 10% of USA’s annual oil demand. The new rhetoric from Washington, which is the top importer of Nigerian crude, could not have been more devastating to the sub-Saharan nation.
http://EzineArticles.com/5157303 – Oct 06, 2010
How to Become a Successful Entrepreneur by Peter O Osalor
The push toward the achievement of the millennium development goals in this 21st century puts a lot of emphasis on the need to re-think the strategies that the government has to put ion place so as to ensure that the populous is empowered. The empowerment of the citizens of Nigeria will go a greater length in eradicating poverty that has stricken the country as well as eradicating or reducing the level of unemployment in the country. This will increase the county’s GDP and contribute a great deal in the development of the country. This can be greatly achieved through the encouragement of the populous to take up entrepreneurship as a means of earning a livelihood.
http://EzineArticles.com/5157311 – Oct 06, 2010
Government Intervention and the Nigerian Economy: Present, Past and Future by Peter O Osalor
The global financial meltdown over the last two years has had its predictable share of consequences on the Nigerian economy, but nothing has been more unexpected than the impact on the banking sector. When CEOs of the country’s top banks collectively appealed last year for government intervention to mitigate recessionary effects on the Nigerian financial environment, it was a moment of national shock. Up until then, the Nigerian Central Bank had been enthusiastically assuring of the sound health of this sector. While none of the country’s 25 major banks have officially asked for help, there are apprehensions that Nigeria might be tempted to take the bailout cue from the US and end up partly owning some of these institutions. The global example of state intervention in failing banks evokes grave misgivings in Nigeria, where banking operations were marked by extensive mismanagement and political interference in the pre-liberalisation era. The prospect of government re-investment is therefore understandably upsetting for many Nigerians, and not just in the matter of banks.
http://EzineArticles.com/5157318 – Oct 06, 2010
The Case For Privatisation and SMEs in Nigeria and Sub-Saharan Africa by Peter O Osalor
In the first five years of this decade, 37 countries in Sub-Saharan Africa together raised more than $11 billion through privatisation programmes. Although the bulk of this corpus was raised in low-value transactions in competitive sectors, the figure puts the region next only to Europe and Latin America in global privatisation trends. While Africa, Ghana and Zambia were among the top contributors, Nigeria takes the undisputed lead. Africa’s third largest economy contributed more than 70% of the $975 million generated between 2004 and 2005, most of it through a single deal involving the disinvestment of a major port operation.
http://EzineArticles.com/4938248 – Aug 27, 2010
Entrepreneurial Development in Nigeria by Peter O Osalor
Although Nigeria is widely regarded as an impoverished ‘Third World giant’ with a plethora of depressing economic indicators, one thing the nation does not seem to lack is optimism. A 2007 Gallup poll found 67% of Nigerians contemplating a business venture, the highest figure for the entire West Africa. Half of these respondents indicated firm plans to start operations within a year, while 80% were confident their enterprises would be profitable. Furthermore, 75% of those polled were hopeful of finding qualified employees and more than half (56%) believed the Nigerian government would help them generate significant revenue.
http://EzineArticles.com/3562102 – Jan 12, 2010
The Solution to Combating Youth Crime in Nigeria by Peter O Osalor
Despite achieving an inspiring growth rate of 7% per annum since 20011, Nigeria remains crippled with massive unemployment levels that continue to exact a considerable toll on its socio-economic prospects. Credible data on this count is lacking for most of sub-Saharan Africa, but Abuja concedes that 70% of the population was jobless as recently as 2007. The federal government has since revised the figure to just below 29% in accordance with new World Bank findings. Although the percentage drop seems incredible, it still translates to more than 40 million jobless in a country of 148 million. The implications have been especially harsh for Nigerian youths, an estimated 95% of whom are without a source of livelihood.
http://EzineArticles.com/3562079 – Jan 12, 2010
Understanding Entrepreneurialism and Its Relevance to Nigerian Society by Peter O Osalor
Entrepreneurialism is an important factor in the development of any nation. Entrepreneurs are responsible for taking calculated risks that open up doors to progressively higher levels of economic growth. If it weren’t for them, the world would never have knows such marvels as the wheel, electricity or the Internet, to name just a few.
http://EzineArticles.com/3562096 – Jan 12, 2010
Entrepreneurialism – The Answer to Nigerian Youth Unrest by Peter O Osalor
There is no denying the fact that Nigeria has had more than its fair share of national misfortunes. The decades following independence from British colonial rule in 1960 saw this strategically located sub-Saharan nation plunge into political uncertainty and economic disintegration. Non-inclusive policies and a historic overdependence on oil exports left the vast majority of Nigerian’s in abject poverty and appalling human development conditions. The return of democracy in 1999 finally brought with it the promise of positive change, as Abuja announced ambitious plans to reverse its downward spiral in global rankings and effect radical transformation in the lives of its people.
http://EzineArticles.com/3562118 – Jan 12, 2010
Tapping Youth Potential For Enterprise Revolution – A Niger Delta Perspective by Peter O Osalor
In June 2008, the United Nations Development Programme (UNDP) entered into a strategic partnership with the Delta State Government of Nigeria for youth empowerment and conflict resolution in the country’s most restive region. The collaboration is significant not just because oil extraction in the Niger Delta region sustains the national economy, but because it is critical to poverty reduction and sustainable economic and human development.
http://EzineArticles.com/3558514 – Jan 11, 2010
Steps to Building a Business Empire in Nigeria by Peter O Osalor
Emerging out of a turbulent past, Nigeria is in the process of building a prosperous economy through business endeavors aimed at creating new opportunities all over the country. Much of its focus has been at the college level, where future entrepreneurs are being trained and instructed on the steps to building viable businesses. Great strides are being taken in this direction through local and aided programmes such as the Exxon Mobil and International Finance Corporation partnership that resulted in the Support and Training Entrepreneurship Program (STEP).
http://EzineArticles.com/3558560 – Jan 11, 2010
Understanding Social Entrepreneurship by Peter O Osalor
Social entrepreneurship is simply defined as the intersection of business and common good. It indicates the blending of a social mission with the dynamics and innovation of an enterprise to help devise novel solutions to pressing social problems. However, the implications and relevance of the concept are much lager for this description to suffice.
http://EzineArticles.com/3558582 – Jan 11, 2010
Opportunities For the Business Savvy in Nigeria by Peter O Osalor
Although foreign companies have long been operating in the services sector in Nigeria, the country’s investment potential remains largely underachieved. Africa’s most populous nation of 148 million is also the largest market in sub-Saharan, offering potential investors a rich bouquet of attractions, including extensive natural resources, arable land and low-cost labour.
http://EzineArticles.com/3531487 – Jan 06, 2010
Industrialisation and Nigeria’s 2020 Goals by Peter O Osalor
In early August of this year, the United Nations Industrial Development Organisation (UNIDO) announced plans to conduct an investor’s survey that would eventually help the development of a Nigerian industrial master plan. The programme, which will also evaluate the impact of policy interventions on investors, is primarily aimed at bolstering government efforts to promote rapid SME development. UNIDIO officials in Nigeria claimed the survey would be of significant assistance to the private sector as well, helping expand operations and set performance benchmarks.
http://EzineArticles.com/3474837 – Dec 24, 2009
Nigerian Infrastructure Development and the Enterprise Revolution – An African Perspective by Peter O Osalor
Nigeria’s deplorable infrastructure situation came into the fore recently at an unlikely event. A day before the national football team was to clash with Tunisia for a 2010 FIFA World Cup spot on September 6, the visiting team was left in darkness for a full quarter of an hour during practice sessions at the Abuja National Stadium. While power outages are an everyday happening across the country, this high-profile blackout under international arc lights proved particularly embarrassing for local officials. That the visitors went on to draw Nigeria 2-2 the next day and deny it a much-needed victory couldn’t have been much comforting either.
http://EzineArticles.com/3474847 – Dec 24, 2009
IT and Nigeria’s 2020 Goals by Peter O Osalor
The Centre for International Development at Harvard University quotes this now well-known excerpt from former UN secretary general Kofi Annan’s Nobel Peace Prize acceptance speech of 2001 in a rare document. The Centre’s Global IT Report for 2001-02 analyses the complex dynamics of nations adapting to a ‘Networked World’ through the use of information and communication technologies (ICTs). The report includes a unique Network Readiness Index of 75 countries around the world, based on their ability to harness and take advantage of ICT networks.
http://EzineArticles.com/3474857 – Dec 24, 2009
Security and the Rule of Law For Nigerian Enterprise Development and Revolution by Peter O Osalor
Nigeria’s long history with conflict and bloodshed begins not long after its independence from British colonial rule in 1960. Six years later, Army officers executed the then Prime Minister and two of his cabinet colleagues in the country’s first of many coup d’etats. Political upheaval stoked social fires as religious, ethnic and regional disparities billowed over to create a climate of official persecution and brutal governance. The string of military takeovers continued into the ’90s and until the very end of the last century, when the first peaceful transition to civilian power brought back some degree of normalcy to a beleaguered nation.
http://EzineArticles.com/3474870 – Dec 24, 2009
Fishing and Nigeria’s 2020 Goals by Peter O Osalor
The image is a strikingly ironic symbol of the state of Nigerian fishing in general. The country enjoys more than 850 km of coastline, besides an enviable number of well-stocked rivers, inland lakes, lagoons and creeks. The topography, soil composition and rainfall patterns in this portion of sub-Saharan Africa support an abundance of aquatic life across freshwater, brackish and saltwater ecosystems.
http://EzineArticles.com/3474882 – Dec 24, 2009
Mining and Nigeria’s 2020 Goals by Peter O Osalor
Revitalising the mining sector is part of extended government efforts to rectify massive imbalances in the economy, and the solid mineral sector is seen as crucial to overcoming the historic dependence on oil and gas. Mining activities suffered heavily because of official neglect during more than three decades of political turmoil and civil war that shattered the Nigerian economy. The richly endowed nation boasts vast reserves of iron ore and coal, besides significant gold, uranium, gypsum, barite and tantalum deposits.
http://EzineArticles.com/3474894 – Dec 24, 2009
Poverty Eradication in Nigeria Through Agriculture and Enterprise Revolution by Peter O Osalor
Circumstances changed radically with the oil boom of the 1970s, as the discovery of vast oil and gas reserves in the strategically significant sub-Saharan nation turned its fortunes overnight. The windfall transformed Nigeria’s agricultural landscape into a gigantic oil field crisscrossed by more than 7,000 km of pipelines connecting 6,000 oil wells, two refineries, innumerable flow stations and export terminals. The colossal investments in the sector paid off, with unofficial estimates suggesting Abuja raked in more than $600 billion in petrodollars in the last decade alone.
http://EzineArticles.com/3474906 – Dec 24, 2009
Nigerian Enterprise Development and Revolution – An Eye on Banking and the Financial Sector by Peter O Osalor
In August this year, the Nigerian government was forced to pump $2.6 billion into five troubled banks after realising their base capitals had plummeted to levels that threatened the entire financial system. The move has awakened deep concerns about the state of affairs in Africa’s second largest economy where banking is strategic to financial stability. While it may be too early still to speculate on how this affects investor attitudes, the government is confident in its intervention based on the sheer potential of the economy.
http://EzineArticles.com/3474912 – Dec 24, 2009
Education For Enterprise Development and Revolution by Peter O Osalor
In a July 2008 interview, the prominent Vanguard newspaper had a candid question for a senior office-bearer of the Manufacturers’ Association of Nigeria – are “our young graduates… not employable any more?” The answer is a shocking indictment of the state of Nigerian education…
http://EzineArticles.com/3474917 – Dec 24, 2009
Entrepreneurial Revolution – A Nigerian Perspective by Peter O Osalor
The entrepreneurial revolution is best defined as a radical and coordinated attempt to accelerate wealth creation through the promotion of innovative business practices. The objective of this revolution is rapid and sustainable economic expansion with a specific focus on unique and creatively-evolved business models.
http://EzineArticles.com/3474921 – Dec 24, 2009
Business Enterprise – The Key to Change in Nigeria by Peter O Osalor
Rapid enterprise development is clearly the answer to Nigeria’s declared ambition for accelerated growth and recognition as a global economic powerhouse in a time-bound manner. Yet, despite the intent and numerous policy proclamations over the last decade, the growth rate of new businesses has been hardly encouraging. Abuja’s sincerity towards its stated goals has never been in question, or the severity of challenges facing it in doubt; but the level of growth it is looking at is far from achieved.
http://EzineArticles.com/3017595 – Oct 01, 2009
Youth Crime Reduction Through Enterprise Development by Peter O Osalor
As a rule, crime is inversely proportional to economic development. Nigeria faces the extreme end of this problem, with criminal activity emerging as one of the biggest challenges to its economic stability of late.
http://EzineArticles.com/2891465 – Sep 08, 2009
Seven Ways to Empower Women Into Business Enterprises by Peter O Osalor
According to the last official Nigerian census in 2006, women comprised almost half of the then 140 million populace at 68.3 million. Updated figures for 2009 put the headcount in Africa’s most populous, as well most densely populated nation, at 148 million1. Allowing for applicable variables, it would be logical to assume that the female population has grown correspondingly in the period, were it not for another set of disturbing statistics.
http://EzineArticles.com/2891478 – Sep 08, 2009
Entrepreneurship and MSME – The Engine For Economic Growth and Wealth Creation by Peter O Osalor
With a population of 148 million and the second largest economy in the continent after South Africa, the state of Nigeria’s economy is a bundle of extreme contradictions. The US sources 10% of its crude imports from abundant oil fields in the Niger Delta, a region that is also home to one of the largest know natural gas reserves in the world. Despite these natural endowments, Nigeria is crippled with rampant poverty and depressing macroeconomic indicators and human development indices.
http://EzineArticles.com/2891494 – Sep 08, 2009
MDG and 2020 Goals – Nigeria’s Hidden Potential by Peter O Osalor
In Nigeria, evidence from the 2006 MDGR shows that there is a likelihood of achieving three of the eight goals… A critical barrier to planning for achievement of the MDGS continues to be the availability of up to date data on most of the indicators. This is compounded by the limited funding available for data generation and management1.
http://EzineArticles.com/2891510 – Sep 08, 2009
Key Lessons From History and the Way Forward For Nigeria by Peter O Osalor
Early in June this year, the Nigerian government reassured control of the once divested state-run telecom giant NITEL, blaming unpaid debts and investment shortfalls. Abuja had sold off a 51% stake in this national asset during former president OJ Obsanjo’s tenure in 2006 as part of a massive reforms and disinvestment process. Transcorp, the local firm that bought majority control for a fee of $500 million was accused of failing to meet payment obligations to the tune of $60 million, besides accumulating debts totalling 17 billion naira1. NITEL suffered huge subscriber losses for both fixed line and mobile phone services since 2001. The development came as yet another shocking national debacle, not just in terms of monetary loss, but also official economic policy and administrative foresight.
http://EzineArticles.com/2891536 – Sep 08, 2009
Developing Entrepreneurial Spirit in Nigeria by Peter O Osalor
A recent collection of essays on entrepreneurial innovation in developing economies, titled ‘Lessons from the Poor’, mentions an aspect of Nigerian clothing design. Examining the traditional adire dye industry, author Thompson Ayodele informs that the bottom 19% of entrepreneurs polled for the study earned more than state and federal civil servants.
http://EzineArticles.com/2891668 – Sep 08, 2009
The Informal Economy and Entrepreneurial Development by Peter O Osalor
According to World Bank estimates, between 25% and $40% of GDP in developing Asian and African countries comes from the informal sector. In Nigeria, Africa’s largest country, the figure might be close to 65% of GNP according to independent research.
http://EzineArticles.com/2891682 – Sep 08, 2009
IGR and Formalising the Informal Economy in Nigeria by Peter O Osalor
Nigeria has had a tumultuous history, marked by decades of virulent political and civilian strife since its independence in 1960. The oil boom of the ’70s brought windfall profits to the emerging state, but corruption and gross mismanagement blighted economic indicators and rendered the vast majority of its population destitute.
http://EzineArticles.com/2891692 – Sep 08, 2009