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ECO146Social Sciences3 Unitsintermediate

The Nigeria Economy in Perspective I

This course provides an overview of the Nigerian economy. It explores the basic concepts of economic structure and systems, outlining the features and profile of the Nigerian economy before and after independence. The course examines the evolution, structure, and contribution of the agricultural and industrial sectors, appraising the challenges and prospects of these sectors. It also evaluates the effectiveness of government plans, policies, and programs.

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208h
Study Time
13
Weeks
16h
Per Week
basic
Math Level
Course Keywords
Nigerian EconomyEconomic StructureAgricultural SectorIndustrial SectorDevelopment Planning

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Economic Structure

2

Economic Systems

3

Agricultural Sector

4

Industrial Sector

5

Mining Sector

6

Development Planning

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Economist

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Development Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Investment Banker

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

GovernmentFinanceAgricultureManufacturingEnergy

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Nigerian Economic Structure and System

8h

Unit 1: Concept of Economic Structure

4 study hours
  • •Define economic structure
  • •Explain the importance of studying economic structure
  • •Identify determinants and units of analysis
  • •List different types of sectors

Unit 2: Concept of Economic System and Structural Dualism

4 study hours
  • •Describe the concept of economic system
  • •Explain structural dualism
  • •Identify factors influencing structural diversity
  • •Compare different economic ideologies
Week
2

Module 1: Nigerian Economic Structure and System

8h

Unit 3: Profile of the Nigerian Economy

4 study hours
  • •Describe geographical and demographic features
  • •Highlight socio-cultural and institutional features
  • •Trace political history
  • •Enumerate resource endowments

Unit 4: Overview of the Nigerian Economy

4 study hours
  • •Categorize the Nigerian economy
  • •Describe features during pre-independence
  • •Summarize features and sectoral performance post-independence
  • •Analyze economic changes
Week
3

Module 2: The Nigerian Agricultural Sector

4h

Unit 1: Characteristics and Importance of the Agricultural Sector in Nigeria

4 study hours
  • •Define agriculture
  • •Explain the scope of agriculture
  • •Enumerate the importance of agriculture
  • •Highlight features of the Nigerian agricultural system
Week
4

Module 2: The Nigerian Agricultural Sector

6h

Unit 2: The Agricultural Sector during Pre and Post Independence Period

6 study hours
  • •Describe the status of the agricultural sector before independence
  • •Discuss the performance of the agricultural sector after independence
  • •Compare and contrast the performance of the agricultural sector before and after independence
Week
5

Module 2: The Nigerian Agricultural Sector

12h

Unit 3: Challenges and Prospects of the Nigerian Agricultural Sector

6 study hours
  • •Identify and explain the challenges facing the Nigerian agricultural sector
  • •Enumerate some policies and programmes of government in Nigeria
  • •Highlight and discuss a way out of the challenges of the Nigerian Agricultural sector

Unit 4: Policy Intervention in the Nigerian Agricultural Sector

6 study hours
  • •Enumerate some policies and programmes of government in Nigeria
  • •Evaluate the success or otherwise failure of the agricultural schemes, institutions and programmes.
Week
6

Module 3: The Nigerian Industrial Sector

8h

Unit 1: Concepts and Importance of Industry

4 study hours
  • •Define industry
  • •Explain the scope of industry
  • •Explain the significance of industry
  • •Assess the overall contribution of the industrial sector to GDP

Unit 2: The Manufacturing Sector during Pre-Independence and Post-Independence Period

4 study hours
  • •Highlight the meaning and importance of manufacturing
  • •Summarise the position of the Nigerian manufacturing sector before independence
  • •Give an overview of the status of the manufacturing sector in Nigeria after independence
  • •Assess the manufacturing sector contribution to Gross Domestic Product
Week
7

Module 3: The Nigerian Industrial Sector

6h

Unit 3: The Challenges and Prospects of Industrialisation in Nigeria

6 study hours
  • •Itemise and explain the general challenges confronting the industrial sector in Nigeria
  • •Highlight the strategies and incentives to industrialisation in Nigeria
  • •Suggest general and specific measures of moving forward the industrial sector in Nigeria
Week
8

Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector

4h

Unit 1: The Characteristics and Importance of the Mining Sector

4 study hours
  • •Itemise some natural resources in Nigeria that are important to the mining sector
  • •Summarise the characteristics of the Nigerian mining sector
  • •Highlight the contribution of the mining industry to national economy
Week
9

Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector

6h

Unit 2: The Crude Oil Subsector

6 study hours
  • •Summarise the history and evolution of the crude oil industry in Nigeria
  • •Assess the contribution/performance of the crude oil subsector in Nigeria
Week
10

Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector

6h

Unit 3: The Solid Minerals and Associated Gas Subsector

6 study hours
  • •Highlight the production trend of different minerals in Nigeria
  • •Describe the overall performance of the solid mineral sub-sector in Nigeria
  • •Discuss the activities of the associated gas sub-sector
Week
11

Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector

6h

Unit 4: The Challenges and Prospects of the Mining Subsector

6 study hours
  • •Highlight the challenges of the crude oil industry
  • •Enumerate the challenges of the solid mineral sub-sector
  • •Examine the issue of gas flaring in the Associated Gas unit
  • •Suggest remedies to overcome the challenges highlighted above
Week
12

Module 5: Economic Plans, Policies and Programmes 1

6h

Unit 1: Development Planning in Nigeria

6 study hours
  • •Describe the element of planning in the pre-independence period
  • •Summarise the objectives of the four development plans
  • •Appraise the achievements and shortfalls of the development plans
  • •Enumerate the general problems associated with low performance of development plans in Nigeria
Week
13

Module 5: Economic Plans, Policies and Programmes 1

12h

Unit 2: Indigenisation Policy

6 study hours
  • •State the meaning and objectives of Indigenisation
  • •Examine the Provisions of the Indigenisation Policy
  • •Appraise the merits and demerits of indigenisation policy

Unit 3: Structural Adjustment Programmme (SAP)

6 study hours
  • •Explain the meaning of SAP
  • •List the components/package of SAP
  • •Explain the meaning of this components/package
  • •Describe the Nigerian economic performance under SAP

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a timeline of key economic events in Nigeria from pre-colonial times to the present, focusing on policy changes and their impacts.

2

Develop a comparative chart analyzing the strengths and weaknesses of the four National Development Plans (1962-1985).

3

Practice analyzing economic data tables and graphs related to GDP, inflation, and employment in Nigeria.

4

Formulate potential essay questions based on the learning outcomes and practice writing concise, well-supported answers.

5

Review all Student Assessment Exercises (SAEs) and Tutor Marked Assignments (TMAs) to identify areas needing further study.

6

Create concept maps linking Units 3-5 database concepts

7

Practice SQL queries from Units 7-9 weekly

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