The Effect of Macro Economic Policy on Nigerian Economics...

THE EFFECT OF MACRO ECONOMIC POLICY ON NIGERIAN ECONOMICS GROWTH AND DEVELOPMENT ABSTRACT This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy, also to determine how it enhances the growth of Nigerian Economy. The aim of this research work is to look into challenges and numbers of hypothesis were drawn. Information necessary to address the test of hypothesis was gathered through secondary data, source from Central Bank of Nigeria (CBN). Economic analysis was used to formulate the three (3) models that were stated in this research work. Multiple regressions were also used to test the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy. The findings of this research show that†¦show more content†¦Although, there two policies are independent tools of economics stabilization, they are often combined by most countries for a greater effect on the economy. Monetary and Fiscal policies as adopted in Nigeria have four broad objectives. The objectives include: ¬ †¢ Maintenance of relative stability in domestic price †¢ Attainment of a high and sustainable rate of economic development †¢ Maintenance of balance of payment equilibrium growth and stability are so closely related that the economic policy o the government should include both of them. Economic growth may be judges from the growth it total output of the economy as measured by annual increases in net national prod, ct in constant price. Such a measure tells us how much bigger the total economy is becoming over a period of time, but it tells nothing about changes in the standard of living of the people in the economy. The more significant measures in the growth in real net national product divided by the number of people in the population. There are many targets of economic growth and development. They include. †¢ Income distribution Gross national product Sectoral development (such as agriculture industries etc) †¢ The pressure to attain economic stability or our economic is so strong that measures to promote federal governmentShow MoreRelatedCurrency Devaluation And Fuel Subsidy Removal1185 Words   |  5 Pagesdevaluation and fuel subsidy removal are policies that are phenomena to the Nigerian economic environment. This research study identifies that the implementation of the policies has further caused more challenges in the pursuit for economic development than remedy to alleviate the crisis. From the research questions of this research study, was the questionnaire developed aimed at prying into currency devaluation and fuel subsidy removal for Nigeria’s economic development. The use of questionnaires were employedRead MoreSources Of Income For Individuals Developing Countries1498 Words   |  6 Pagestransfer earnings from abroad. 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Bullying Is A Threat From A Parent Or Guardian - 888 Words

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Ensure Team Effectiveness Project Free Essays

Momi jeweler| Sandeep kaur std01943| Aitt college| | Table of Contents 1 Name of the organisation2 2 Your position2 3 Type of position:2 4 Organisation background:2 5 Your role:2 6 Action plan:-2 7 Outcomes3 8 Alternative process3 8 IMPLEMENTATION4 10 Budget allocation4 11 conclusion4 1 Name of the organisation: momi jewellery shop 2 Your position:- Team leader of distribution and warehousing. 3 Type of position: – frontline management position. Reason for your new position developed: – there are many reason for develop team leader of distribution and warehousing position. We will write a custom essay sample on Ensure Team Effectiveness Project or any similar topic only for you Order Now The one reason is that nobody there to work for this situation, to achieve their goals, completes the organisation’s expectations. Work for company profit and production and provide good service to people so that every person can do their work with responsibility. 4 Organisation background:- it is a large jeweller firm. The organisation manufactures, imports and repairs jewellery for distribution to its many stores in all states. There are 12 team members, from different background and with differing levels of expertise. Some team members have worked with the organisation and in this vision, for members of years. Other team members are relatively new, while some have worked in other department/ sections of the organisation before being transferred to your division. 5 Your role: – your initial role, therefore, is that of trouble shooter, problem solver and team facilitator. You need to bring this group of people together to form a cohesive, effective and productive team. 6 Action plan:- action plan are very necessary to get a team goals and their expectation ,This Action Plan builds upon the Strategic Framework developed as a, result of an extensive research programme with businesses in the Jewellery shop, 2 The purpose of the research was to produce evidence to inform the development of a Strategy and Action Plan to support businessgrowth and development in the sector. While the focus wastherefore on factors affecting economic development, the researchcovered broader aspects relating to sustai nability, i. . environmentaland social factors. As a result a number of indirect factors have beenidentified and these have been taken into account in formulating boththe Strategy and Action Plan. 3The Actions have short medium and long lead delivery times. Each Action has been developed as aPracticalactivity, although some may be considered to be preparationfor future delivery. Where possible they build upon broaderinterventions already on offer to the business community from arange of stakeholders and providers. Apprenticeship orImproversNetwork:-Identify those companies that would support andshare the cost of developing a network which enableda small number of apprenticeships to be awardedeach year and provided work placements forimprovers. Starters fund Establish small grants schemes to supportbusiness start-ups with access to equipmentand purchase of tools. 7 Outcomes 1 Improved understandingand focus on trainingavailable and successionplanning. 2 Raised awareness of thesector 3More new product andimprove turnaround times (reference=http://www. jewelleryquarter. net/wp-content/uploads/2009/10/jibss_action_plan24909. df) 8 Alternative process If these process will not working then we have to use alternative process so the person can perform well like forming, storming, norming and performing these are the necessary stages for team development. So there must be training process so the employ can learn properly and perform properly 8 IMPLEMENTATION The following section sets out some proposals for the adoption andimplementation of the Action Plan. Action 1: An early activity should be to gain formal recognition for the Plan from Jewellers Association Company as principal funders of itsdevelopment. The achievement of this recognition should be led bysupport of the Steering Group and the nominated Business Champion. Action plan 2 should bring together appropriate representativesfrom those agencies identified in the Plan to confirm their support and to identify/confirm the lead organisation for each activity. This group,or some form of it, should agree to develop a formal remit and to actas a project management group for implementation. Action plan 3 An assessment of the resourcing implications ofimplementation and delivery. This should include identifyingfunding to enable the employment of a co-ordinator. 10 Budget allocation Action | Budget / Expenses ($)| 01| 5000| 02| 2750| 03| 3600| 04| 8900| 11 conclusion In the end we can say that in this large jewellery shop which is working for manufactures, import and repairs jewellery and it has many store in all states. I just have appointed there for team leader as a frontline management position so I can work for complete its expectation and goals. there were lack communication so I made some of action plan which will good shop and it will increase its productivity. 12 reference Books and website:- (http://www. jewelleryquarter. net/wp-content/uploads/2009/10/jibss_action_plan24909. pdf) How to cite Ensure Team Effectiveness Project, Essay examples