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Electricity and its Effect on the Economy in Nigeria

Title: Electricity and its Effect on the Economy in Nigeria

Academic Paper , 2021 , 15 Pages , Grade: A

Autor:in: Isah usman Sabo (Author)

Business economics - Business Management, Corporate Governance
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Summary Excerpt Details

This paper deals with the effect of electricity on the economy of Nigeria.

To say that one of the major problems that hindered the process of development in Nigeria is the state of poor infrastructural facilities, is neither an over statement nor a criticism. It is a fact that is surrounded by evidences. It is reflected in almost all the sectors of the Nigerian economy and it is directly and indirectly affecting Global economy. This is because poor infrastructural facilities have systematically led to the present day under-development with the associated high unemployment level and poverty which has led to frustration and desperation.

Excerpt


Inhaltsverzeichnis (Table of Contents)

  • INTRODUCTION
  • CONCEPTUALIZATION OF INFRASTRUCTURE
    • ELECTRICITY
    • HEALTH CARE
    • COMMUNICATION
    • ROAD NETWORK
    • WATER SUPPLY
  • OVERVIEW OF INFRASTRUCTURAL DEVELOPMENT
  • ROLES OF INFRASTRUCTURES TOWARDS THE DEVELOPMENT OF THE ECONOMY
    • IT ENCOURAGES PRODUCTION
    • PROVISION OF JOB OPPORTUNITIES
    • ENCOURAGE AGRICULTURE
    • SERVE AS MAJOR PART OF SOME BUSINESSES
    • IT INCREASE THE SECURITY LEVEL OF THE COUNTRY
    • WATER FOR INDUSTRY
    • ACCESS TO ONLINE INFORMATION
    • INCREASE THE GROSS DOMESTIC PRODUCT OF A COUNTRY
    • UNEMPLOYMENT
    • POOR QUALITY OF EDUCATION
    • POOR INFRASTRUCTURE DISCOURAGES AGRICULTURE
    • IT DICOURAGES INDUSTRIALIZATION
    • IT INCREASE THE RATE OF CRIME
    • IT CAUSE ROAD ACCIDENTS
  • CONCLUSION

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper examines the state of infrastructure in Nigeria and its impact on the country's development. It aims to highlight the significance of robust infrastructure in promoting economic growth, improving living standards, and fostering national security. The paper focuses on the importance of investing in infrastructure and the consequences of neglecting it.

  • The Importance of Infrastructure for Economic Development
  • The Impact of Poor Infrastructure on Different Sectors of the Nigerian Economy
  • The Relationship Between Infrastructure and Social Welfare
  • The Role of the Government in Infrastructure Development
  • The Challenges and Opportunities for Infrastructure Improvement in Nigeria

Zusammenfassung der Kapitel (Chapter Summaries)

  • INTRODUCTION: This chapter sets the context by discussing the significant impact of poor infrastructure on Nigeria's development, citing high unemployment and poverty rates. It emphasizes the importance of infrastructure for socio-economic progress and highlights the lack of significant improvement in this area since independence.
  • CONCEPTUALIZATION OF INFRASTRUCTURE: This chapter defines infrastructure as the essential physical and organizational structures needed for societal and economic functioning. It emphasizes the importance of infrastructure for economic development and outlines the various types of infrastructure, including transportation, water supply, electricity, communication, health care, sanitation, and drainage.
  • ELECTRICITY: This chapter discusses the crucial role of electricity as a form of energy in modern society. It highlights its versatility in powering various applications and its importance in industrial, commercial, and domestic uses.
  • HEALTH CARE: This chapter defines health infrastructure and emphasizes its importance in terms of quality of care and accessibility. It discusses the impact of health infrastructure on the health of individuals and the broader community.
  • COMMUNICATION: This chapter focuses on communication infrastructure, defining it as the backbone of communication systems. It explains its importance in connecting producers and consumers of voice, data, and audio-visual services.
  • ROAD NETWORK: This chapter defines roads and their importance in the context of urban planning and transportation. It highlights the impact of road infrastructure on accessibility and the character of residential areas.

Schlüsselwörter (Keywords)

This paper focuses on the key concepts of infrastructure, economic development, social welfare, and the challenges and opportunities for infrastructure improvement in Nigeria. It explores the different types of infrastructure, including electricity, health care, communication, and road networks, and their impact on various sectors of the Nigerian economy.

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Details

Title
Electricity and its Effect on the Economy in Nigeria
College
Ahmadu Bello University  (Undergraduate)
Course
Business Education
Grade
A
Author
Isah usman Sabo (Author)
Publication Year
2021
Pages
15
Catalog Number
V1014706
ISBN (eBook)
9783346417572
ISBN (Book)
9783346417589
Language
English
Tags
electricity effect economy nigeria
Product Safety
GRIN Publishing GmbH
Quote paper
Isah usman Sabo (Author), 2021, Electricity and its Effect on the Economy in Nigeria, Munich, GRIN Verlag, https://www.grin.com/document/1014706
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