NATIONAL OPEN UNIVERSITY OF NIGERIA
14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS
SCHOOL OF MANAGEMENT SCIENCES
MARCH 2014 EXAMINATION
COURSE CODE: BHM 761 CREDIT UNIT: 2
COURSE TITLE: THE NIGERIAN ECONOMY
TIME ALLOWED: 2 HOURS
Instructions: 1. Attempt question Number one (1) and any other two (2).
2. Question number 1 is compulsory and carries 30 marks, while the other
questions carry 20 marks each
3. Present all your points in coherent and orderly manner
1(a) Explain the contributions of the following to the economy:
(i) Food Provision
(ii)Export Production
(iii)Expansion of Domestic Market
(b) Discuss the different pattern of resources utilization under the following headings with
relevant examples:
(i) Land-Surplus Economy
(ii) Labour-Surplus Economy
(iii) Mixed Variable Proportion Economy. 30 Marks
2 (a) Highlight seven (7) sources of failure in parastatals?
(b) State the effects of Government spending in Nigeria. 20 Marks
3 (a) Mention the advantages of the Indigenization Policy in Nigeria.
(b) Based on the Orthodox Approach, state ten causes for the Nigerian Debt crisis.
20 Marks
4 (a) Explain the term “ Monetary Policy”.
(b) State ten ways through which the Federal Government aims to remove identified obstacles to rapid agricultural development and crop production. 20 Marks
5 (a) Enumerate Nigeria’s Expected Benefits from ECO WAS.
(b) Mention the weaknesses in past and present health policies in Nigeria. 20 Marks
For the 2015 – till date past questions for this course CLICK HERE
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