The Nigeria Economy in Perspective I
- Social Sciences
- 100 level
- 3 credit units
- 275 pages
- 20 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 208 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ECO146, taken from the course material NOUN publishes.
- UNIT 1: CHARACTERISTICS AND IMPORTANCE OF THE AGRICULTURAL SECTOR IN NIGERIAPage 63
- UNIT 2: THE AGRICULTURAL SECTOR DURING PRE AND POST INDEPENDENCE PERIODPage 79
- UNIT 3 CHALLENGES AND PROSPECTS OF THE NIGERIAN AGRICULTURAL SECTORPage 94
- UNIT 4 POLICY INTERVENTION IN THE NIGERIAN AGRICULTURAL SECTORPage 109
One paragraph, so you can see how it reads
ECO146 · UNIT 1: CONCEPT OF ECONOMIC STRUCTURE
This Module introduces you to the basic concept of economic structures and systems that are essential in understanding the workings of any economy. The following specific units will guide you in understanding Nigerian economic structure and system, the profile, and the general overview of the economy.
What you should be able to do
- Explain basic concepts of economic structure and systems
- Outline features of the Nigerian economy before and after independence
- Discuss the evolution of agricultural and industrial sectors
- Appraise challenges and prospects of the agricultural and industrial sectors
- Evaluate effectiveness of Nigerian government plans and policies
What it prepares you for
- Economist
- Policy Analyst
- Development Officer
- Financial Analyst
- Investment Banker
- Government
- Finance
- Agriculture
- Manufacturing
- Energy
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 3: The Nigerian Industrial Sector
Unit 3: The Challenges and Prospects of Industrialisation in Nigeria
Requires understanding of complex industrial processes and global market dynamics.
- Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector
Unit 3: The Solid Minerals and Associated Gas Subsector
Involves analysis of geological data and economic factors affecting resource extraction.
A suggested way through it
13 weeks, about 92 hours in total. Yours will differ.
- Week 1Module 1: Nigerian Economic Structure and System
Unit 1: Concept of Economic Structure · 4 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 hours
Describe the concept of economic system. Explain structural dualism. Identify factors influencing structural diversity. Compare different economic ideologies.
- Week 2Module 1: Nigerian Economic Structure and System
Unit 3: Profile of the Nigerian Economy · 4 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 hours
Categorize the Nigerian economy. Describe features during pre-independence. Summarize features and sectoral performance post-independence. Analyze economic changes.
- Week 3Module 2: The Nigerian Agricultural Sector
Unit 1: Characteristics and Importance of the Agricultural Sector in Nigeria · 4 hours
Define agriculture. Explain the scope of agriculture. Enumerate the importance of agriculture. Highlight features of the Nigerian agricultural system.
- Week 4Module 2: The Nigerian Agricultural Sector
Unit 2: The Agricultural Sector during Pre and Post Independence Period · 6 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 5Module 2: The Nigerian Agricultural Sector
Unit 3: Challenges and Prospects of the Nigerian Agricultural Sector · 6 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 hours
Enumerate some policies and programmes of government in Nigeria. Evaluate the success or otherwise failure of the agricultural schemes, institutions and programmes..
- Week 6Module 3: The Nigerian Industrial Sector
Unit 1: Concepts and Importance of Industry · 4 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 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 7Module 3: The Nigerian Industrial Sector
Unit 3: The Challenges and Prospects of Industrialisation in Nigeria · 6 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 8Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector
Unit 1: The Characteristics and Importance of the Mining Sector · 4 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 9Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector
Unit 2: The Crude Oil Subsector · 6 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 10Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector
Unit 3: The Solid Minerals and Associated Gas Subsector · 6 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 11Module 4: The Nigerian Industrial Sector 2- Mining and Quarrying Sub-Sector
Unit 4: The Challenges and Prospects of the Mining Subsector · 6 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 12Module 5: Economic Plans, Policies and Programmes 1
Unit 1: Development Planning in Nigeria · 6 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 13Module 5: Economic Plans, Policies and Programmes 1
Unit 2: Indigenisation Policy · 6 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 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.
Preparing for the exam
- Create a timeline of key economic events in Nigeria from pre-colonial times to the present, focusing on policy changes and their impacts.
- Develop a comparative chart analyzing the strengths and weaknesses of the four National Development Plans (1962-1985).
- Practice analyzing economic data tables and graphs related to GDP, inflation, and employment in Nigeria.
- Formulate potential essay questions based on the learning outcomes and practice writing concise, well-supported answers.
- Review all Student Assessment Exercises (SAEs) and Tutor Marked Assignments (TMAs) to identify areas needing further study.
- Create concept maps linking Units 3-5 database concepts
- Practice SQL queries from Units 7-9 weekly
Questions students ask about this course
What is ECO146 about?
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.
How many units does ECO146 have?
ECO146, The Nigeria Economy in Perspective I, has 20 units across 5 modules, over 275 pages of course material. You can read it one unit at a time.
How many credit units is ECO146?
ECO146 carries 3 credit units, at 100 level in Social Sciences.
Is ECO146 hard?
ECO146 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does ECO146 take to study?
About 208 hours of study, spread across its 20 units.
How is ECO146 assessed?
ECO146 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ECO146?
Economist, Policy Analyst, Development Officer, Financial Analyst and Investment Banker.