Nigerian Economy
- Management Sciences
- 700 level
- 2 credit units
- 284 pages
- 28 units
This course provides a comprehensive overview of the Nigerian economy, exploring its diverse sectors and the challenges hindering its growth. It examines the agricultural, industrial, and mining sectors, alongside government revenue and expenditure policies. Students will analyze the role of commercial and central banking, external debt crises, and international trade. The course also covers structural adjustment programs, the financial system, and the educational and health sectors, culminating in an understanding of Nigeria's external economic relations and development planning.
About this course
- Difficulty
- Intermediate
- Study hours
- 156 hours
- Maths
- Basic
- Content
- Theoretical, case study, problem solving
- Practical work
- No
- Assignments
- Tutor Marked Assessments
- Final Examination
What you'll read
The real module and unit structure of MGS761, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
MGS761 · UNIT 2 INDUSTRIAL DEVELOPMENT IN NIGERIA
Development in the agricultural sector would provide more employment opportunities for people. Some of the people would be directly engaged in the production of the agricultural products and some others employed in the industries that are based on the products of the expanding agricultural sector.
What you should be able to do
- Analyze the structure and performance of key sectors in the Nigerian economy.
- Evaluate the impact of government policies on economic growth and development.
- Understand the role of financial institutions in the Nigerian economy.
- Assess the challenges and opportunities in Nigeria's external economic relations.
- Apply economic principles to address real-world problems in Nigeria.
What it prepares you for
- Economist
- Policy Analyst
- Financial Analyst
- Development Consultant
- Investment Banker
- Government Agencies
- Financial Institutions
- Consulting Firms
- International Organizations
- Research Institutes
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2:
Unit 2: Central Banking and the Nigerian Economic Development
Requires understanding of complex financial instruments and market dynamics.
- Module 4:
Unit 4: Inflation in Nigeria
Involves intricate analysis of the causes and consequences of inflation.
A suggested way through it
13 weeks, about 48 hours in total. Yours will differ.
- Week 1Module 1: Introduction
Unit 1: Agriculture and Economic Development in Nigeria · 3 hours
Read Unit 1: Understand the significance of agricultural development in Nigeria.. Analyze the factors affecting agricultural sector performance.. Evaluate government strategies to revamp the agricultural sector..
- Week 2Module 1: Introduction
Unit 2: Industrial Development in Nigeria · 3 hours
Study Unit 2: Examine the structure of industrial production in Nigeria.. Identify the objectives of industrialization and related strategies.. Analyze the problems facing the industrial sector..
- Week 3Module 1: Introduction
Unit 3: Mining and Quarrying in Nigeria · 3 hours
Study Unit 3: Identify the role of various minerals in the Nigerian economy.. Analyze the impact of petroleum and natural gas.. Understand the importance of tin, metal, and limestone..
- Week 4Module 1: Introduction
Unit 4: Government Revenue in Nigeria · 3 hours
Study Unit 4: Identify the sources of government revenue in Nigeria.. Analyze the importance of direct and indirect taxes.. Evaluate strategies for improving the revenue generation base..
- Week 5Module 1: Introduction
Unit 5: Government Expenditure in Nigeria · 3 hours
Study Unit 5: Understand the need for government expenditure.. Classify government expenditures into recurrent and capital.. Analyze the effects of government expenditure in Nigeria..
- Week 6Module 2:
Unit 1: Commercial Banking in Nigeria · 3 hours
Study Unit 1: Examine the development of commercial banking in Nigeria.. Analyze the implications of the changing structure of ownership.. Understand the role of commercial banks in Nigeria..
- Week 7Module 2:
Unit 2: Central Banking and the Nigerian Economic Development · 3 hours
Study Unit 2: Understand the role of the Central Bank of Nigeria (CBN).. Analyze the functions of the CBN.. Examine the regulatory role of the CBN in the Nigerian economy..
- Week 8Module 2:
Unit 3: The Nigerian External Debt Crisis · 3 hours
Study Unit 3: Analyze the nature and genesis of the Nigerian debt crisis.. Understand the origin of the debt problem.. Evaluate strategies for managing debts..
- Week 9Module 2:
Unit 4: Growth and Investment Opportunities in Nigeria · 3 hours
Study Unit 4: Identify investment and growth incentives in Nigeria.. Analyze tax and tariff concessions.. Understand the problems of growth and investment..
- Week 10Module 2:
Unit 5: International Trade in Nigeria · 3 hours
Study Unit 5: Define international trade and its importance.. Analyze the direction and flow of Nigeria's international trade.. Understand the barriers to international trade..
- Week 11Module 3:
Unit 1: Structural Adjustment Programme in Nigeria · 3 hours
Study Unit 1: Understand the main objectives of the Structural Adjustment Programme (SAP).. Analyze the policy measures of SAP.. Examine the implementation of macroeconomic policies under SAP..
Unit 2: Financial System in Nigeria · 3 hours
Study Unit 2: Define the financial system and its structure.. Identify the types of financial institutions in Nigeria.. Analyze the functions of the Nigerian financial system..
- Week 12Module 3:
Unit 3: Educational Sector in Nigeria · 3 hours
Study Unit 3: Understand the concept and importance of education.. Examine the structure of the Nigerian educational system.. Analyze the trends in education growth in Nigeria..
Unit 4: The Health Sector in the Nigerian Economy · 3 hours
Study Unit 4: Define health and its importance.. Identify the levels of health care facilities in Nigeria.. Analyze the weaknesses in past and recent health policies..
- Week 13Module 3:
Unit 5: Nigeria's External Economic Relation · 3 hours
Study Unit 5: Identify the types of formalized external economic relations.. Analyze the aims of ECOWAS.. Understand Nigeria's expected benefits from ECOWAS..
Review and Assignments · 3 hours
Review all units and prepare for assignments.. Focus on key concepts and theories.. Practice applying economic principles to real-world scenarios..
Preparing for the exam
- Review all tutor-marked assignments (TMAs) and their solutions to identify key areas.
- Create concept maps linking Modules 1-3 to understand sector-specific challenges.
- Practice analyzing economic data and trends from Units 4-5 to improve analytical skills.
- Allocate study time proportionally to the weight of each module in the final exam.
- Form study groups to discuss complex concepts and share insights.
- Focus on understanding the policy implications of each topic and their impact on the Nigerian economy.
Questions students ask about this course
What is MGS761 about?
This course provides a comprehensive overview of the Nigerian economy, exploring its diverse sectors and the challenges hindering its growth. It examines the agricultural, industrial, and mining sectors, alongside government revenue and expenditure policies. Students will analyze the role of commercial and central banking, external debt crises, and international trade. The course also covers structural adjustment programs, the financial system, and the educational and health sectors, culminating in an understanding of Nigeria's external economic relations and development planning.
How many units does MGS761 have?
MGS761, Nigerian Economy, has 28 units across 6 modules, over 284 pages of course material. You can read it one unit at a time.
How many credit units is MGS761?
MGS761 carries 2 credit units, at 700 level in Management Sciences.
Is MGS761 hard?
MGS761 is rated intermediate level, with basic mathematical content. It is mostly theoretical, case study and problem solving work.
How long does MGS761 take to study?
About 156 hours of study, spread across its 28 units.
How is MGS761 assessed?
MGS761 is assessed by Assignments, Tutor Marked Assessments and Final Examination.
What can I do with MGS761?
Economist, Policy Analyst, Financial Analyst, Development Consultant and Investment Banker.