THE FACTORS AFFECTING ECONOMIC DEVELOPMENT IN EDO STATE: A CASE STUDY OF OREDO LOCAL GOVERNMENT AREA

THE FACTORS AFFECTING ECONOMIC DEVELOPMENT IN EDO STATE: A CASE STUDY OF OREDO LOCAL GOVERNMENT AREA

ABSTRACT

The purpose of this work is to find out some factors that hinder economic development in the state. From this study a questionnaire was designed and distributed directly to the respondents to test the followings hypothesis (political instability, inconsistent economic policy, unpatriotic behavior of some Nigerians poor educational standard, high rate of illiteracy and lack of social amenities) as well as of poor remuneration of civil servant affect economic development in the state.

TABLE OF CONTENT

CHAPTER ONE

Introduction

Background of the study

Statement of the problem

Purpose of study

Significance of the study

Research questions

Scope of the study

Limitation of the study

CHAPTER TWO

Meaning of economic development

Factor affecting economic development in Nigeria

Solution to problem facing economic development

CHAPTER THREE

Methodology

Sampling techniques and sample

Research instrument

Validity of research instrument

Method of data collection

Method of data analysis

CHAPTER FOUR 

Data presentation and analysis

Interpretation of data

CHAPTER FIVE

Summary

Conclusion

Recommendation

References

Questionnaire

CHAPTER ONE

1. BACKGROUND OF THE STUDY

Economic is a science which studies human behavior as a relationship between ends and scare means, which have alternative uses and development which is the increasing capacity of man to understand nature.

It implies the growing capacity of man regulate or control this internal and external environment.

In a nutshell economic development is a process that transforms a stagnate society with the low average real income in one in which income rise more or less continuously as technology is embodied in accumulating capacity.

Economic development takes effect when a qualitative transformation of the mode of production has been brought into sustained existence.

The process of economic development economic encompasses change in the quality and composition of production inputs, the technology by which the inputs are combined and final goods and services (output) produced. The development must mean the development of man and man remain the central of development through his potentials

Economics development could also be viewed when national income per capital as the conventional criteria of economic development.

These criteria may be applied to the level or to rate growth of per capital income. The factor that hinder economic development in Edo State are back up by may reasons of which this ranges from political leadership, government, economic policy, unpatriotic behavior of some Nigeria low technological base tribal inclination, low exportable goods that is a part from oil etc.

THE FACTORS AFFECTING ECONOMIC DEVELOPMENT IN EDO STATE: A CASE STUDY OF OREDO LOCAL GOVERNMENT AREA