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In Nigeria, because of her specific need for even development and national unity, political consideration has dominated attempt at equality of educational opportunities. The Quota System and the Principle of Fairness and Social Justice . The 1979 constitution of the Federal republic of Nigeria guarantees equality and equity for all citizens.
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Nigeria is relatively wealthy yet suffers from high levels of poverty. Nigeria has enjoyed robust economic growth over the past five years however this economic growth has not fostered significant reductions in poverty or income equality. Regional inequalities are evident across Nigeria.
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Nigeria's First Bank plans to build a 52story building at the site. The land was bought two years ago and Frame anticipates building will commence this year. By Samuel Okocha in Lagos. For more details about the sector, see ConstructAfrica's research report on Nigeria's construction industry.
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Nigeria's rapid economic growth has created thousands of millionaires and a middle class that is driving a consumer boom. However, for all of its visible success in wealth creation, Nigerian society remains very unequal, and ˜nancial resources—and power—is heavily concentrated in the upper echelons of society.
This report focuses on how economic and political developments will shape the business environment in Nigeria over the next five years. It provides a comprehensive set of political, economic, and business environment forecasts that are updated monthly for 82 countries, written from the point of view of foreign investors.
Nigeria is in the fortunate position to offer investment opportunities to both local and international persons and companies. The need to develop the Nigerian economy offers lucrative potential returns for those looking to invest in the above sectors, including manufacturing and private education.
Nigeria has been long affected by political instability, corruption, and poor infrastructure, but it has begun to implement reforms in the past decade. Oil revenues are a large contributor to GDP and account for 95% of Nigeria's exports. Nigeria is still a developing economy in need of more economic and infrastructural reforms.
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