WORKING CAPITAL MANAGEMENT IN A MANAGEMENT FIRM
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WORKING CAPITAL MANAGEMENT IN A MANAGEMENT FIRM
A WORKING CAPITAL MANAGEMENT IN A MANAGEMENT FIRM ABSTRACT
This term paper examines Nigeria’s foreign reserves position, including previous issues, present issues, and future recommendations.
It is critical for students of financial and business studies, as well as those studying economics. It is also crucial for business consultants and investors.
To be honest, it cannot be overstated how essential it is to the Nigerian government and the entire Nigerian people. As a result, good management of Nigeria’s external reserves has the potential to assess the Nigerian economy and compare it to that of other countries.
Furthermore, the administration of Nigeria’s external reserves piques the public’s attention. This is due to unforeseen cheques in the ordinary man’s welfare. A good example was the oil exhortation and boom period, and as a result of this,
Nigeria did not overextend herself in reckless flirtation with new sources of easy money, and the nation was all but destroyed by arrogant and it is advice to the people who rely on oil furthermore the measure taken by the nation;
there is concept evidence that our people’s spending patterns have rationalised to some extent, and agriculture, cash crop production are once more assuming their former roles.
Nigerians are now propelled towards self-sufficiency aspirations, and the new export incentive announced by the federal government of Nigeria would no doubt push manufacturers to use overseas markets to the benefit of our external reserves.
CHAPTER ONE
Introduction:
1.1 Background of the Research:
The purpose of this term paper is to examine Nigeria’s external reserves status. It encapsulates prior issues, current issues, and future recommendations. It is extremely significant for students of financial and business sciences, as well as those studying economics. Business consultants and investors value it as well.
To be honest, the importance of Nigerians and the government to the entire Nigerian cannot be overstated in terms of accurately determining the Nigerian economy and its foreign reserves situation. Furthermore, the administration of Nigeria’s external reserves piques the public’s attention.
This is because unanticipated changes in external reserve positions often have an impact on the welfare of the average person. The oil exploration and boom period was a good example, and the Nigerian shot over herself in reckless flirtation with the new sources of easy money,
and the nation was all but destroyed by arrogant and selfish political hyphens, our hitherto sources of export and foreign exchange were abandoned due to the interest rested on the money generated from oil.
However, as a result of all of this, Nigerians began importing those food goods for which we were previously recognised and were among the world’s largest exporters. The fluctuations in global oil prices have taken this country off guard and off guard.
As a result, it highlighted how badly we had mismanaged our external reserves. And the nation’s economy was misused by imprudent, inept, and corrupt regimes that regarded leadership as a way to private gain and self-enrichment.
Nigerians found that value had nothing to stand on in the absence of petroleum, as the country is entirely dependent on money derived from crude oil.
But, in essence, we must thank the current administration for attempting to determine when we strayed from the path of sanity and economic balance, and for its advice to the nation, there is concrete evidence that our people’s spending patterns have rationalised to some extent,
and agriculture, each crop production are once again assuming their abandoned role Nigerians are now motivated towards the goals of self-sufficiency, and the export incentive recently released by the federal government.
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