CHAPTERONE INTRODUCTION 1.1 Introduction Since Nigeria’s independence in 1960, many unprecedented political and economic changes have shaped the country. These changes have in one way or the other affected the development and growth of the economy either favourably or adversely. The Nigerian economy itself has gone through ups and downs. However, the history of the gloomy days seem to outweigh the history of the rainy days for the economy in the long run. According to the African Development Bank (ADB) Group (Asogwa, Etim, Etukafia, Akpanuko, and Ntiedo, 2017), Nigeria has had sluggish economic growth since the end of 2015 with the rate dropping to an estimated 3% in December 2015, leading the government to adopt expansionary budgetary system in 2016 with the aim of stimulating the economy. This sluggish growth is mainly attributed to a slowdown in economic activities which has been adversely impacted by inadequate supply of foreign exchange (Asogwa, Etim, Etukafia, Akpanuko, a
Course material, Research Work from chapter 1- 5, Publishing, News, Entertainment, Sport, School Gist.