Economic Development

Special Reports > Nigeria, Finance & Economy

The Economic Development of a Nation starts with the Development of its People. This development is most commonly divided into Economic and Educational. The latter being the mostly predominant one in every developed society has been the fulcrum on which the former depends on to thrive thereby leading to growth- development. ‘Economists distinguish between growths, by which they basically mean more of the same- more goods and services; and development, growth with structural and technological change. Thus an important feature of economic development is when goods and services enter into markets and monetization. However, the process of this development includes specialization and the “Division of Labour” as people take on Specialized Economic Functions and the scale of production increases, the output of each person, her productivity rise. This type of economic change is as important a part of technological progress as mechanical invention or scientific discovery.’

The need for development of an economy as well as its society cannot be over emphasized and is one that ought not to be left on the oars of its Government alone. As it is a collective responsibility of every stake holder willingly or otherwise, present therein and in Diaspora. ‘Theories of growth and development abound. The most basic ones stress the accumulation of the principal factors of production: labour and capital—the other main factor, land, is there to begin with. Capital is accumulated by savings. The theory rests on the idea that the more capital there is for each person, the more he or she produces. Someone can dig so much with his hands, more with a spade, more still with a mechanical digger. Obviously it is not just a question of how much capital, but what kind of capital and how effective it is—hence the Importance of Technology. Today theory also pays a great deal of attention to “Human Capital”—not just what is invested in machines and infrastructure, but in people…’

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Established in 2006, we offer an array of business and world class professional services to corporate organisations, governments and individuals seeking to achieve success in their endeavour. We draw our competitive strength from collaborations with partners from various discipline and nationalities. We support you by way of resourcefulness and availability while offering you various world class professional services. By so doing we are providing diverse opportunities in a cross section of ways ranging from employment to economic development of both the people and nation respectively.

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