When green building practices are introduced to facility management, there is a multiplier effect on the quality of life of people. That the disease is not curable is more worrisome. However, the benefits outweigh the disadvantage as the community would record the inhabitants higher life expectancy rate. HIV/AIDS and the Economy: HIV/AIDS have become a major treat to economy. Your email address will not be published. It poses a serious threat to many peoples lives, which is one of the reasons why many workers are requesting pay raises. This essay examines the nature of corruption as one of the banes of underdevelopment in Nigeria's democracy. These impacts are a result of global warming and have demanded that researchers seek a solution. 2301 Constitution Avenue NW, Washington, DC 20037Tel: +1.202.457.1700, About Peoples lives are better when government is efficient and responsive. According to the environmental and energy study institute, paying particular attention to the real estate, residential, commercial, and industrial buildings in the USA are responsible for 40 percent of carbon dioxide (CO2) emissions. Despite these problems, Nigeria has made substantial socio-economic progress, at least since 1999 when it returned to democracy after decades of military rule. Farming activities are done on a small scale and usually for the consumption of the farmer and his family members. Nigeria has a population of around 180 million people. A weakening economy, rising insecurity and violent conflicts threaten progress made in its democratic development. f. The educational sector should receive enough funding. c. All tribes and areas should be treated equally by the government. These vague and two-line solutions proffered to the mountain of problems are insufficient to shed light on the way forward, they {solutions} seem better said than done! Todays parents utilize their political clout or influence to affect their childrens education. The paper concludes that development can be achieved, sustained, and fostered if these problems enumerated are solved and it will make local government more viable in this task. Projects In Nigeria, like in many other developing countries, accommodation forms one of the biggest challenges, particularly in growing urban centers. TOP 10 PROBLEMS OF ECONOMIC DEVELOPMENT IN NIGERIA AND SOLUTIONS. Josephine Okojie Jan 8, 2020. 3. The administration has also pledged an equitable transfer of wealth to the people, which should be implemented. Resilience building is a transformative process of strengthening the capacity of people, communities, institutions, and countries to prevent, anticipate, absorb, respond to and recover from crises. I enjoy solving problems and learning new things. Malpractices and a lack of preparation Test malpractices have been identified by education experts, with poor examination preparation by pupils being another setback in the educational system. Nigeria has been ruled by poor leaders over time from the onset. 2.1 Introduction Available data reveal that the population of Nigeria has been increasing at an alarming rate. The state-society gap is the divide that exists between a country's government and its citizens. Nigeria is also one of the International Finance Corporations (IFC) fastest growing portfolios in the region. The problem of finding high-quality skilled labor is an issue that plagues most businesses in Nigeria - not only distributors. It involves investment in creating green public spaces and improving urban planning and management in participatory and inclusive ways. In the first quarter of 2016, it fell by -13.98 percent. 4 0 obj Renewable energy is a significant component of a sustainable environment, and incorporating it into housing will likely result in the hike of prices of properties. Economic crisis: Nigerias economic situation has deteriorated significantly. Nigerias annual inflation rate rose to 11.23 percent in August 2018, up from 11.14 percent in July, which was higher than the markets forecast of 11.11 percent. Since 2021, Nigeria is also unable to benefit from the surging global oil prices, as oil production has fallen to historic lows and petrol subsidy continues to consume a larger share of the gross oil revenues. Therefore, they are not fully invested in contributing a high quota to the development needs of all communities in Nigeria. Inconsistent economic policies: In Nigeria, every Government comes into office in with their own economic policies which often differ from the policies of the previous administration, hence the previous policies suffer fatally from poor implementation because before it is fully implemented to produce maximum result in our economy, the tenure of the initiator will elapse, and the policies will not be implemented further by the proceeding administration, so therefore resulting in a situation of an ever changing and poorly implemented economic policies which does no good to the growth of our economy. It One of the policy goals of sustainable development is the delivery of adequate housing for Countries in the global south. The plans should be updated regularly, and progress tracked publicly. impact of manpower development on efficient management of parastatals (a case study of nigeria railway, eastern division enugu) by nwakodo johnson kelechi pa/ 2006 /106 department of public administration, faculty of management and social sciences, caritas university amorji nike enugu, enugu state in partial fulfillment of the requirement for the award of bachelor of science (b.sc.) The list of problems in Nigeria. In Nigeria, citizens want the same thing regarding where they reside, including access to clean air and water, a safe and healthy environment, and the ability to have a say in the decisions that affect their lives. USIP convenes government officials, partners and civic leaders at its U.S. headquarters and Nigeria country office for candid conversations that foster collaboration and inform policy and program priorities. AGRICULTURE: The World Banks support for the agricultural sector, including through the Commercial Agriculture Development Project, the Transforming Irrigation and Water Resources Management Project and West Africa Agriculture Productivity Projecthas helped Nigeria strengthen agricultural production: Over 7 million farmers received improved agricultural technology, Farmers cultivating tomatoes and rice contributed 26% and 14.27%, to national production respectively, in 2019, Cassava farmers realized more than $55 million as revenue and a gross margin of over $36 million in 2019, Rice, sorghum and tomatoes farmers realized gross margins of over $288 million, $169 million, and $53 million respectively, A Farmers Microfinance Bank birthed from FADAMA gives loans at low interest rate of 3.5% for business startup and expansion, with 80% recovery rate. On the other hand, Property Developers are more profit-oriented. The major problems of rural community development in Nigerian are: - Non-implementation of projects. Inconflict-affected North-EastNigeria, the Bank Group is stepping up its support to address service delivery gaps, livelihood deficits, and social cohesion issues, as well as providing support to economic diversification. Reducing Fragility and building Resilience. Low level of education. Graduates frequently have to stay in their parents houses for an extended period, leading to dissatisfaction and pessimism. <>/Metadata 409 0 R/ViewerPreferences 410 0 R>> The figures which should help the government for effective planning are sometimes manipulated for political gain. USIP has a variety of newsletters and announcements with the latest analysis, publications and events. The countrys annual profits have decreased, significantly impacting the countrys population. A long-standing partner of the Global Environment Facility, and now with the second-largest Green Climate Fund portfolio, UNDP is the primary actor on climate change in the United Nations. Nigeria is a third-world country year after year due to this issue. <> Fresh air, less waste at the landfill, green energy consumption, water efficiency, and proper waste management sound like benefits anybody will jump at. More than 1.6 billion people live in fragile and/or conflict-affected settings, including 600 million young people. Although the recent coronavirus pandemic has deeply affected all the sectors of the economy, this paper proffers recommendations and attempts to chart a . Meanwhile, continued scarcity of foreign exchange and tighter liquidity could affect the economic activity in the non-oil sector and undermine the overall macroeconomic stability. 1. The problem of Internal Land Conflicts: Land ownership disputes have frequently caused conflicts among Nigerians. With Nigeria's population growth continuing to outpace poverty reduction, the number of Nigerians living in extreme poverty is set to rise by 7.7 million between 2019 and 2024. Some of the challenges faced in . This is the root of all agricultural problems in the country. Problems of Development plans in Nigeria Insufficient funding. Inequality: This is due to the governments and its agencies apparent favoring of people or regions belonging to one tribe over another. Simultaneously, the quality of community development has since moved from the size, shape, and edification of the buildings. During their schooling, many Nigerian graduates did not learn practical skills. Corruption manifests itself in a variety of ways and infiltrates all political and economic organizations. A survey of over 100 small business owners revealed that the number one issue that Nigerian business owners have with their business is finding quality and highly trained staff . The power sector is crooked and mismanaged, and many personnel in the energy industry lack the necessary skills and training. It is significant to note that, between the two world wars, the growth rate of Lagos never exceeded 3.3 per cent per annum. Political leaders have a history of engaging in corrupt practices. Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around the world. Problems in Nigeria and Solutions: Nigeria is Africas most populated country and the worlds sixth most populous country. A weakening economy, rising insecurity and violent conflicts threaten progress made in its democratic development. 2 0 obj Sometimes disease of the cacao tree has a flurry of activity. Northerners continue to be suspicious of their southern counterparts, and vice versa. Promoting Jobs and Economic Transformation and Diversification. Real estate consumes over 40 percent of global energy annually, 30 percent of raw materials, and 12 percent of drinking water. Corruption: Many of Nigerias issues are caused by corruption. 2023 United Nations Development Programme, http://dx.doi.org/10.1787/9789264267213-en, http://www.unisdr.org/we/inform/publications/43291. Nigerias federal system gives governors great responsibilities in addressing the issues driving the countrys multiple conflicts, including farmer-herder violence, deepening regional divides, armed banditry and the Boko Haram insurgency. The use of violence to combat violence is unlikely to succeed in eliminating terrorism since it will result in the deaths of many innocent people. This issue of lack of highly skilled personnel and sufficient manpower has led to reduced productivity in most sectors of our economy, and as such has limited our economic development and growth. Inflation is defined as a rise in the overall level of prices for goods and services, resulting in a decrease in the buying power of the currency. Many lives have been sacrificed as a result of land ownership disputes, and many more are likely to be lost until these concerns are resolved once and for all. People cant prosper without reliable, safe, and affordable energy to power everything from lights to vehicles to factories to hospitals. Non-governing citizens are also judged guilty, even though they are supposed to be free of corruption. In 2018, 40% of Nigerians (83 million people) lived below the poverty line, while another 25% (53 million) were vulnerable. For example, the long-term military rule slowed down the adoption of new technology as well as the development of the legislature that can facilitate the work of businesses. Nigeria's population growth rate hovers around 2.6%. Women and girls make up a disproportionate share of people in poverty, and are more likely to face hunger, violence, and the impacts of disaster and climate change. The daily massacres, kidnappings, bombings, and rape carried out by Boko Haram throughout the country are quite concerning. Graduates are usually required to live with their parents for lengthy periods, which can lead to discontent and pessimism. According to a source, the females were between the ages of 17 and 18. Border settlement inside the country is still a work in progress. You can email us at: hello@thisdaylive.com or visit our contact us page. Nigeria was ranked 144th out of 177 countries on Transparency Internationals Corruption Perception Index in 2013, making it one of the most corrupt countries in the world. Developing sustainable communities heralds many benefits not just to the real estate developers alone but also to society. Due to the escalating costs of education (school fees, enrolment fees, the cost of books and other materials), students and even their parents will not want to be held behind by any type of deficit or failure in any of the needed topics, and would thus go to any length to avoid being held back. It is a vital force because there is a very close relationship between economic development and political stability. This can be accomplished by learning one or two different trades. Connect Nigerian President Muhammadu Buhari says he expects a credible election to choose his successor in just 10 weeks. However, they also account for about 70 percent of global carbon emissions and over 60 percent of resource use. Presently, Nigeria has about 80 per cent of arable land but . Underpinning all three development challenges is a set of core development needs, including the need to strengthen gender equality and the empowerment of women and girls, and to ensure the protection of human rights. It might be by bribery or connections, or by attempting to force someone who lacks quality into a position he does not belong. Last published date: 2021-10-13. This will contribute to the countrys unity and build greater trust among all tribes. Nigeria has enjoyed relatively strong economic development over the past seven years but poverty is still a major concern. The problem of Amalgamation: The British colonial authorities constructed Nigeria as a geographical place to make administration easier. A key question many analysts and watchers of the country frequently ask is: Has democracy fostered insecurity in Nigeria? Poverty is one of the major problems facing Agricultural development in Nigeria. With Nigerias population growth continuing to outpace poverty reduction, the number of Nigerians living in extreme poverty is set to rise by 7.7million between 2019 and 2024. Recommended: How to buy land in Nigeria: Important documents you will need. Issues and challenges could be impeding the development of the tourism sector in Nigeria. Nigeria comprises of 36 different states with Abuja being the federal . h. Finding a remedy to corruption has proven to be a dead end throughout the years. They claim that, despite being the golden egg-laying chicken, their territory is severely undeveloped. Lack of expertise. Another issue in Nigerian schools nowadays is political meddling; politics is the most powerful factor in the Nigerian educational system. It also aims at fostering macroeconomic resilience and advancing structural reforms for private sector-led, non-oil growth. Those who advocate for one tribes supremacy over others should be warned and potentially sanctioned. While Nigeria offers U.S. firms export opportunities in many sectors, it can pose some daunting challenges including the high cost of doing business in Nigeria, the need to duplicate essential infrastructure, the threat of crime and associated need for security countermeasures, corruption, the lack of effective . development challenges of Nigeria and a national plan for prosperity (National Planning Commission, 2004). 1 0 obj Save my name, email, and website in this browser for the next time I comment. Attending school provides you with extra information, allowing you to become an educated tailor, baker, or shoemaker, for example.