ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

AN ASSESSMENT OF INTERNAL AUDIT OPERATION IN A GOVERNMENT PRASTATAL A CASESTUDY OF PIPELINES AND PRODUCT MARKETING COMPANY

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   1,577 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE
1.1.BACKGROUND TO THE STUDY

States in actual fact cannot exists in isolation, hence, once a state has been granted the full status of statehood by the colonial authorities it has the legal right to engage in relations both bilaterally and multilaterally on the international scene. With the country‘s independence, such state can now be declared a sovereign state. Nigeria gained its independence from Britain on October 1, 1960 and as such acquired the right to conduct its external relations with the rest of the world. But the reality of Nigeria‘s independence was that it was a poor state and there arose a need to create an avenue for relations with other countries of the world, both in Europe, Asia and North America such as the United States of America. The history of Nigeria and United States of America‘s formal relations is recent, but in consideration of the slave trade period, the relations have been estimated to have started as way back as the 18th century. Nigeria was a major supplier of slaves to the European countries especially Britain, which further traded some of these slaves to the United States. The trade in slaves led to the first informal contact between the two countries.
History has it that the coastal region of modern day Nigeria was referred to as the Slave Coast. Nonetheless formal relations between the two countries started after Nigeria‘s independence in 1960. According to one of the speeches given by the first Prime Minister Lt Alhaji Abubarkar Tafawa Balewa at Nigeria‘s independence, Nigeria needs to acquaint it self with the rest of the world to improve the country‘s overall status. The relations between Nigeria and the United States of America officially started when the President of United States of America, President Eisenhower was represented by Governor Nelson Rockefeller of New York at Nigeria’s independence ceremonies on October 1, 1960. That visit marked the beginning of diplomatic relations (Ayam, 2008). The first diplomatic envoy of the United States in Nigeria was on September 23, 1960 and since then relations between the two countries have continued to blossom especially in the economic sphere. Relations between Nigeria and the United States have historically been marked by cooperation, a degree of affinity and setbacks.
In the decades after independence, Nigerian governments defined a pragmatic stance in continental and global affairs. In the 1960s and 1970s, Nigeria maintained cordial diplomatic and economic relations with the United States, while maintaining non- alignment stance during the Cold War. The political relations between the two countries have had some setbacks especially during the Nigeria‘s military era. It is important to note that US is the champion of democracy in the world and has continued to raise its voice against authoritarian rules in the world. The United States had at various times during the years of military dictatorship in Nigeria spoken out against tyranny and oppression and has consistently supported every effort at democratization (Nwokolo, 2011). For example, seven years after the Nigerian independence, the country was thrown into a situation of Civil War. In the process of the War, the Nigerian government sought external assistance. Britain supplied a huge amount of weaponry to the Nigerian government because of its desire to preserve the country it created. United States on the other hand declared neutrality to the war. According to U.S. Secretary Of State Dean Rusk, America was not in a position to take actions as Nigeria is an area under British influence. The Federal Government turned to the Soviet Union for military assistance during this period, as it was abandoned by the West. This lead to a huge strain in their political relations as Nigeria felt betrayed by the United States.
However, economic relations continued to blossom, major American oil firms and other companies were rapidly expanding their activities in the country, and Nigeria saw United States,…

1.2.STATEMENT OF PROBLEM
The economic relationship between Nigeria and United States of America has reached new heights in recent times. Extant literature claim that the relationship bodes well for both countries. For example, Robert (1991) claimed that although political relationship during the period of 1975 was bad, economic relations continued to flourish. This economic relations has constituted a mega change in both countries‘ political economy and has opened up new phases in their relations. Ayam (2008) claimed that regardless of the political discord that Nigeria and United States were going through, there were still cordial economic relations. This is because, America‘s high level of development, technology and wealth, remain a source of assistance to Nigeria. In similar vein, the United States has benefited from friendly relations with Nigeria, that is, it has benefitted from its natural resources and its large population. Other scholars like Lewis (2006), Ayam (2008) and Abegunrin (2001) and so on have looked at the nature of the relationship at a particular point of history and they have argued that the relationship is more in favour of United States than Nigeria. Omotere (2013) talked mainly about relationship between Nigeria and United States during Muhamadu/Obasanjo regime. Lewis (2000) analyzed economic relations between these two countries during the Nigerian Military era. The main reason for relations is because states cannot on their own achieve their national interest.
This study will however be examining the economic relations between Nigeria and United States from the 1960 to 2014.

1.3.OBJECTIVES
The aim of this project is to assess the economic relations between Nigeria and the United States. The specific objectives of the study are
ï‚· To identify the major areas of economic relations between the two countries
ï‚· To assess the nature and pattern of U.S. and Nigeria‘s economic relations
ï‚· To examine the impact of this relationship on Nigeria‘s economic development
1.4.RESEARCH QUESTIONS
 What are the areas of economic relations between US and Nigeria?
 What is the nature and pattern of Nigeria- U.S. economic relations?
 What is the implication of Nigeria- U.S. economic relations on Nigeria‘s economic development?
1.5.RESEARCH
Some research hypotheses were viewed in relation to the research topic. These assumptions include:
H1: The nature and pattern of Nigeria‘s relationship with the United States support the assumption that both states operate on an equal basis. This means that their relationship has lead to improvement in both countries since the beginning of their relations.
H0: The nature and pattern of Nigeria‘s relationship with the United States does not support the assumption that both states operate on an equal basis. This means that their relationship has not lead to improvement in both countries since the beginning of their relations.
1.6.SIGNIFICANCE OF THE STUDY
Bearing in mind the existing relationship between Nigeria and United States of America over the years, this study seeks to enlighten the students and scholars

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS OF CAUSES AND PROBLEM OF FINANCIAL DISTRESS IN NIGERIA BANKING SECTOR (A CASE STUDY OF AFEX BANK PLC.)

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

CHAPTER ONE INTRODUCTION The importance of capital as a necessity though not sufficient condition for economic growth is recognized in development economy where it is believed that the position of ...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5108 engagements

CHAPTER ONE INTRUDUCTION BACKGROUND OF STUDY A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor. For the ...Continue reading »

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   18288 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3640 engagements

ABSTRACT This project examined the management of current assets in public Limited Liability Company. It is obvious that no company can perform well without good current asset management. This cares f...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract

CHAPTER ONE 1.0 INTRUDUCTION: Current assets as one of the management tolls of business organization are very important in the proper function of business and achievement of organizational goal. Cur...Continue reading »

A CRITICAL ASSESSMENT OF THE SURVIVAL STRATEGIES OF DEPOSIT MONEY BANKS IN A DEPRESSED ECONOMY

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1808 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigerian economy is faced with national and global economic challenges and as such, the financial institutions, especially the banking sector ha...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent