Economic Reform and The Development of Nigeria’s Power Sector, 2015-2020 (Published)
Nigeria’s successive governments have tried a variety of policy alternatives throughout the years to enhance the country’s power industry, but they have all failed due to substantial energy losses (both technical and non-technical), a lack of knowledge, and high operating costs. The present government found it difficult, if not impossible, to implement any meaningful changes in the power industry given this tendency. Consequently, the private sector must be involved in the growth of Nigeria’s electricity sector. In essence, the study looks at how Nigeria’s electricity sector would develop between 2015 and 2020 in the wake of economic reform. In order to arrive at the solution to the problem, the study relied on secondary sources of data collecting in addition to qualitative data analysis and documentary methods of data acquisition. The study found that the lack of competition among power distribution businesses was the cause of Nigeria’s ongoing poor access to power, using the crony capitalism theory as our analytical framework. Above all, the report advises the Nigerian Energy Regulatory Commission (NERC) to enforce its authority as a regulator by enforcing appropriate fines and consequences against individuals who transgress the laws, rules, and regulations governing the energy market.
Keywords: Development, Nigeria, Power Sector, economic reform
History and Development of Marital Property Regime in Albania (Published)
This article aims to shed light to the history and development of property regimes in Albania by analyzing marital property regime since the approval of the Civil Code in 1929, the Code of 1966 and 1982, while comparing the current Code of family, without putting on the side some comparing observations of the marital with loyalty, that of the power between a man and woman, this because of the conservatism of the society at the time. While between 1948-1966 accorning the development of the property regime of marital, it is noticed that the development of the relationships in the field of property, where the main characteristic is following the constitutional principle of gender equality. The main form of co-ownership predicted in the Codes of the time is that of total co-ownership. In 1981, in the dispositions of Civic code of the family, codes that entered in force in 1982, pushed by the new “moral-humanist” requests to ensure a real solidarity between the consorts, it was imposed to them the unique marital property regime, that of co-ownership.
Keywords: Albania, Development, Regime, history, marital property
Local Content Development in the Oil and Gas Industry in Nigeria: Problems and Prospects (Published)
In the past, the major players in the oil and gas industry in Nigeria were the international oil companies (IOCs). There was inadequate skilled workforce in the industry especially with respect to indigenous participation in the oil and gas projects. Consequently, the IOCs relied heavily on expatriates to carry out projects in the oil and gas industry in Nigeria which ordinarily would have been handled by Nigerians. In order to boost local participation in the oil and gas projects and create more employment opportunities for the locals, the federal government of Nigeria in 2010, enacted the Local Content Act in recognition of the inadequacy of the indigenous human capital development in the oil and gas industry in Nigeria. However, the Local Content development policy of the federal government is without some problems which have affected the effective and efficient implementation of the policy. This paper therefore, examines the local content development policy of the federal government, identifies its problems and prospects, and makes appropriate recommendations.
Keywords: Development, Industry, Nigeria, Oil and Gas, local content
Population and Development in Nigeria: Contemporary Issues and Prospects (Published)
This paper x-rays contemporary legal issues and problems associated with population and development in Nigeria. A potpourri of materials namely: statutes, textbooks, journals, articles, reports, case laws, and internet materials have been consulted in the course of writing this paper. The paper states that several studies have revealed that the growth of any nation is basically centered on its developmental strides and policies. The relationship between population and development is very dynamic in nature. A country is regarded as being developed when the institutional framework, policies and structures are functional and effective. Over population affects the environment and in turn, hampers its developmental growth. The environment experiences crisis when its economic growth skyrockets its capacity limit. Developing countries like Nigeria and some other countries in the Sub-Saharan region face an uphill task in trying to manage their ever increasing populace. The paper also examined population policies in Nigeria and reveals a critical gap between population and development and calls for legal and institutional reforms that will bring about an effective enforcement of population and development policies in Nigeria.
Keywords: Development, Issues, Nigeria, Population, Prospects
MICROFINANCE IN THE ACHIEVEMENT OF MILLENIUM DEVELOPMENT GOALS: A CASE OF KOILOT DIVISION, NANDI COUNTY-KENYA (Review Completed - Accepted)
This paper underscores the view that the provision of micro financial services to low income earners remains a pivotal point in the realization of the millennium development goals; hence, it remains the cornerstone for societal socio-economic and political transformative development in Africa.
Microfinance is very important in; creating access to productive capital for the poor who together with human capital addressed through educational training enables people to move out of poverty. It helps very poor households meet basic needs and protect their economic welfare. Micro-finance empowers women by supporting their economic participation and promotes gender equity. However, there has been remarkable performance and significant improvement in the economic and living status of small scale business people and this can be attributed to the existence of the Financial Services Associations. The paper seeks to discuss challenges encountered by micro-financial providers when it comes to loan repayment and the general view of non members. The paper also proposes various strategies employed by the micro financial institutions before dispatching the applied loans by their clients.
This paper concludes that microfinance play a role in the eradication of poverty, promotion of education, improving health and empowering women of Koilot Division Nandi County-KENYA
Keywords: Development, Growth, MDGs, Microfinance