CAUSES, EFFECTS AND REMEDIES OF ECONOMIC DEGENERATION IN A DEVELOPING COUNTRY (NIGERIAN PERSPECTIVE)

📄 Project Abstract

This study was designed to appraise the causes, effects and remedies of economic degeneration in a developing economy; analyzing Nigerian situation. Today, our economy is going down the drain, but the truthful and actual situation, is that for over a decade now, Nigerian economy has been under severe stress. To address this above problem, this work aims at taking a good look at the factors that contribute to this degeneration of our economy, with a view on how to elicit actions towards eradicating them. Data collected for this work was through the use of questionnaires, survey and historical research method. Further extensive literature survey was also carried out to expose all the possible areas of hypothesis. A total population figure of 106 million (based on 1991 census figure) was used. Out of this, a randomly selected sample size of 311 respondents was computed through the use of Yarmane's and Kumar's model. Data analysis was done using tables and percentages, while acceptance...