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NIGER DELTA UNIVERSITY (NDU) ADMISSION LIST FOR 2012/2013 IS OUT

Niger Delta University, Wilberforce Island Amassoma in Bayelsa state released their admission list for 2012/2013 admitted student today.

About 3 weeks ago, their admission can be check through Jamb and you can only check if you are admitted or not but the status is not printable.

But today, the admission letter is now updated on NDU site today

To check and download you admission letter CLICK HERE

 
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Posted by on August 17, 2012 in Miscellaneous

 

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UNIVERSITY of Nigeria Nsukka (UNN) 2012/2013 Direct Entry Admission and Post UME/Interview

UNN had fixed a date for their Post UME exercise which is August 16th, 2012 by 8am (timetable will soon be posted) and the interview for those who will score 200 and above takes place on the 20th august, 2012 at Nsukka campus and 21st august, 2012 at Enugu campus.

Sales of the scratch card starts today 3rd August, 2012 at the following banks for N2,000.
1. Diamond bank.
2. First bank.
3. UNN community bank.

Venue for the exam is at Nsukka (timetable to be posted soon) and the venues for the interview are both Nsukka and Enugu campus.

VENUES FOR THE INTERVIEW FOR THOSE WHO WILL SCORE 200 AND ABOVE IN THE SCREENING ARE THE FACULTY CONFERENCE ROOMS FOR EVERY FACULTY.

Dates for the interview:

A. Nsukka campus (20th august, 2012):

Faculty of art.
Faculty of agriculture.
Faculty of education.
Faculty of engineering.
Faculty of pharmaceutical sciences.
Faculty of social sciences.
Faculty of veterinary medicine.

B. Enugu campus (21st august, 2012):

Faculty of business administration.
Faculty of environmental sciences.
Faculty of health sciences.
Medical sciences and dentistry.

NOTE: SCREENING EXAM IS ON THE 16TH AUGUST, 2012 WHILE THE INTERVIEW FOR THOSE THAT WILL SCORE 200 AND ABOVE TAKES PLACE ON 20TH AND 21ST AUGUST, 2012.

 
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Posted by on August 4, 2012 in Miscellaneous

 

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SHELL NIGERIA SCHOLARSHIP FOR UNDERGRADUATE STUDENT (100 LEVEL ONLY)

The Shell Petroleum Development Company of Nigeria Limited (Operator of the NNPC/SHELL /TEPN/AGIP Joint Venture) Scholarship Scheme offers first year students in all Nigerian universities the opportunity to study with an annual grant from the SPDC JV for the full duration of their course.

The programme aims to promote academic excellence and improve the skills-base among young Nigerians.

WHO CAN APPLY?
The Scholarship is in two categories –
• the National Merit Award (NM) and
• the Areas of Operation Merit Award, East or West (OE or OW).

NATIONAL MERIT AWARD (NM)
• Open to Nigerians who are not indigenes of SPDC’s operational areas (in Abia, Akwa Ibom, Bayelsa, Delta, Imo and Rivers States ).
• Applications must be sent in writing using the format below only and sent in an envelope clearly marked 2011/2012 NM Application.

AREAS OF OPERATION MERIT AWARD, EAST (OE)
• For Nigerians who are indigenes of SPDC’s operational areas in Abia, Akwa Ibom, Imo, Rivers and Bayelsa states (excluding indigenes of Ekeremor and Sagbama local government areas).
• Applications must be sent in writing using the format below only and sent in an envelope clearly marked 2011/2012 OE Application.

AREAS OF OPERATION MERIT AWARD, WEST (OW)
• For Nigerians who are indigenes of SPDC’s operational area in Delta and Bayelsa(from Ekeremor and Sagbama Local Government Areas) States.
• Applications must be sent in writing using the format below only and sent in an envelope clearly marked 2011/2012 OW Application.

HOW TO APPLY
1. All applicants should have their personal valid email account (for consistent communication).
2. Candidates who meet the above entry qualifications should apply by providing the following personal and educational details in a signed resume:-

METHOD OF APPLICATION
1) Surname
2) Other Name(s)
3) Title (i.e. Mr, Mrs, or Miss).
4) Award Type applied for
5) Session of Admission
6) Matriculation Number
7) University
8) Course & Duration
9) Mode of Admission (i.e. Remedial, UTME, Direct Entry)
10) Programme Type (i.e. Full Time, Part Time, ISLT, CEC)
11) JAMB Registration Number
12) JAMB (UME) Score
13) State of Origin
14) Local Government Area
15) Community (for OE /OW Award Applicants)
16) Home Town
17) Email Address
18) Postal Address: {Do not use post office boxes, as mails will be posted, by courier, except otherwise indicated}
19) Residential Address: {This should reflect the House Number, Street, Town / City, and State}
20) Telephone Number
21) Physical Disability (If any, attach evidence)
22) Signature and Date

IMPORTANT ITEMS
The following items should be attached to the resume:-
• Two recent passport-sized photographs of the applicant (with Name, School & Course written on the back);
• University or JAMB (UTME or D/E) Admission Letter;
• Unified Tertiary Matriculation Examinations (UTME) Scores;
• ‘O’ Level Result(s); and ‘A’ Level /OND /NCE Result(s) as applicable; and
• Letter of Identification from State (showing Local Government) of Origin.
• Letters of Identification duly stamped and signed by
– a) The Paramount Ruler of the Community; and
– b) The Chairman of the Community Development or
– Executive Council (CDC or CEC),are also required of applicants for the Operational Area Awards (OE & OW)only.

APPLICATIONS MUST BE ADDRESSED TO:
The Head, Tertiary Scholarships, (CXUI/F)
The Shell Petroleum Development Company of Nigeria Limited
P. O. Box. 230, Warri, Delta State .

DEADLINE OF SUBMISSION
Application Submission Deadline is Friday 31 AUGUST, 2012 .

You Can Reach us by comment below, if you have any questions. We would be glad to be of assistance.

Dont forget to click the SHARE button below to share this with YOUR FRIENDS WHO MIGHT NEED THEM.
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Thanks.

 
 

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Monetary Policy in Nigeria

Monetary Policy in Nigeria

The Central Bank of Nigeria (CBN) Act of 1958 mandates the Bank to promote and maintain monetary stability and a sound financial system in Nigeria. Like any other central bank, the CBN monetary policy stance pursues price stability and sustainable economic growth objectives. These encompass the attainment of full employment, stability in the long-term interest rates and pursuing optimal exchange rate targets. In pursuit of these objectives, the CBN operates through a system of targets which are the operational targets, the intermediate targets and the ultimate target (Ibeabuchi, 2007).

The Central Bank uses its operational target (unborrowed reserves), over which it has deterministic control to influence the intermediate target (broad money) which eventually affects the ultimate or policy targets (inflation and output). In setting its targets, the CBN considers an information set that is fed into monetary policy decision process by contemporaneous and lagged values of real Gross Domestic Product (GDP), real investment prices, real wages, labour productivity, fiscal operations and balance of payments performance, among others. Depending on the relative importance attached to the various information elements, the CBN sets its target parameters for its quantity-based nominal anchor and its price-based anchors.

The bank generally implements its monetary policy programmes using the market-based and rule-based techniques (Chuku, 2009). When implementing monetary policy using the rule-based technique, the CBN uses direct instruments like selective credit controls, direct regulation of interest rates and moral suasion. While indirect instruments like the Open Market Operation (OMO), discount rate and the reserve requirements are used when implementing monetary policy programmes using the market-based approach.

Since its inception, the CBN has implemented monetary policy using various combinations of these two techniques with more or less emphasis on the one. Depending on the emphasis placed on either of the techniques, the evolution of monetary policy in Nigeria can be classified into two phases: (I.) the era of direct controls (1959-1986) and (II.) the era of market-based controls (1986-date).

The era of direct controls was a remarkable period in monetary policy management in Nigeria, because it coincided with several structural changes in the economy; including the shift in the economic base from agriculture to petroleum, the execution of the civil war, the oil boom and crash of the 1970s and early 1980s respectively and the introduction of the Structural Adjustment Programme (SAP). During this period, monetary policies of the CBN focused on fixing and controlling interest and exchange rates, selective sectoral credit allocation, manipulation of the discount rate and involving in moral suasion (Chuku, 2009). Reviewing this period, Omotor (2007) observes that monetary policy was ineffective particularly because the CBN lacked instrument autonomy and goal determination, being heavily influenced by the political considerations conveyed through the Ministry of Finance.

Progressively, the implementation of the SAP programme from 1986 ushered in a new era of monetary policy implementation with market-friendly techniques in Nigeria. The capacity of the CBN to carry out monetary policy using market-friendly techniques was letter reinforced by the amendments to the CBN Act in 1991 which specifically granted the CBN full instrument and goal autonomy. Using this technique, the CBN indirectly influences economic parameters through its Open Market Operations (OMO). These operations are conducted wholly on Nigerian Treasury Bills (TBs) and Repurchase Agreements (REPOs), and are being complimented with the use of reserve requirements, the Cash Reserve Ratio (CRR) and the Liquidity Ratio (LR). These set of instruments are used to influence the quantity-based nominal anchor (monetary aggregates) used for monetary programming.

On the other hand, the Minimum Rediscount Rate (MRR) is being used as the price-based nominal anchor to influence the direction of the cost of funds in the economy. Changes in this rate give indication about the monetary disposition of the Bank, whether it is pursuing a concessionary or expansionary monetary policy. This rate has generally been kept within the range of 26 and 8 percent since 1986. As a companion to the use of the MRR, the CBN latter introduced the Monetary Policy Rate (MPR) in 2006 which establishes an interest rate corridor of plus or minus two percentage points of the prevailing MPR. Since 2007, this rate has been held within the band of 10.25 and 6 percent, until last quarter of 2010 when it was increased to 10.30 percent.

 

 
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Posted by on July 30, 2012 in Miscellaneous

 

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History of Coup D’etat in Nigeria

On January 15, 1966, Chukwuma Kaduna Nzeogwu led the first ever-military coup in Nigeria that led to the death of Sir Ahmadu Bello, the Sardauna of Sokoto and Premier of Northern Nigeria, Chief S.I. Akintola, the Premier of Western Region, Sir Abubakar Tafawa Balewa, Prime Minister of Nigeria, Chief Festus Okotie-Eboh, Federal Minister of Finance and other military officers. The coup was poorly carried out in certain parts of the country and there was a strong accusation of tribalism. The Northern People accused Chukwuma as well as his fellow coup plotters of staging an Igbo coup. This is because most of the officers killed during the coup were those from other part of the country. The then general officer commanding the Nigerian army, Major-General Johnson Thomas Ununakwe Aguiyi Ironsi was sworn-in as the Military Head of State of Nigeria.

THE SECOND COUP IN NIGERIA
On 29 July, 1966, six months after the first coup plot, three young military officers of Northern background led by Lieutenant Colonel Murtala Muhammed staged a counter coup to even the score. This led to the death of Major-General J.T.U. Aguyi-Ironsi, Head of State, Col. Francis Adekunle Fajuyi Military Governor, Western region and other military officers. General Yakubu Gowon was then sworn-in as the Military Head of State.

THE THIRD COUP IN NIGERIA
In July 1975, a group of Colonel sacked the government of General Yakubu Gowon in a bloodless coup. General Murtala Muhammed also masterminded this coup. In this coup, no live were lost. General Murtala Muhammed assumed power in July 1975.

THE FOURTH COUP IN NIGERIA
On 13 February 1976, six months later, Lieutenant-colonel Bukur Suka Dimka with his loyalist stage an abortive coup which claimed the lives of three officers; General Murtala Muhammed, Head of State, Col. Ibrahim Taiwo, Governor of Kwara State and Lt. Akintunde Akinsehinwa, ADC to Muhammed. This led to their arrest and subsequent execution of one civilian and 38 soldiers, including Major-General Illya Bisalla, five Colonel, four majors and other officers for their role in the failed coup. Civilians involved in the coup include, Abdulkareem Zakari, a staff of Radio Nigeria, Lagos and Helen Gomwalk, sister-in-law of Joseph Gomwalk, were tried by military tribunal and punished. Zakari was executed for his involvement in the coup while Helen Gomwalk bagged a life sentence. She was later given amnesty by the Shehu Shagari administration.

THE FIFTH COUP IN NIGERIA
On 31 December 1983, General Buhari Muhammadu stage a coup which sacked the shehu Shagari’s administration. This coup led to the death of a loyal officer to the government, Brigadier Ibrahim Bako.

THE SIXTH COUP IN NIGERIA
On 27 August 1985, Babangida led a palace coup which terminated the Buhari’s 20 months reign.

THE SEVENTH COUP IN NIGERIA
In 1986, Major-General Mamman Vatsa led an abortive coup to overthrown the government of President Babangida. That same year, he and other 10 military officers were tried and were executed in March 1986.

THE EIGHTH COUP IN NIGERIA
On 22 April 1990, Gideon Orka staged an abortive coup to unseat the government of Ibrahim Babangida. The coup attempt has been describe as one of the bloodies coup and it was the largest execution of coup plotters in the nation’s history. This led to the death of nine loyal Soldiers. 69 soldiers of various ranks were accused of treason and they were killed by firing squad. The second in command and Chief of general staff, Vice-admiral Augustus Aikhomu, revealed that at least three of the plotters of the April 22 coup were arrested, caution and released in 1987 over an alleged coup plot to overthrow the government. They were G.T. Nyiam, a Lieutenant Colonel, S.D. Mukoro and Gideon Orkar, both majors. They were later released. Aikhomu also said that the officers regrouped once again in January to overthrow the government and had intended to kill not only the president, but also, the AFRC members and military governors, all civilian members of the council of ministers and senior military and police officers. The suspects were later tried by the treason and other offences special military tribunal headed by Ike Nwachukwu, Major-General and general officer commanding the 1 mechanised division of the Nigerian Army, Kaduna. After the trial, 42 persons were found guilty and condemned to death by firing squad. This was the largest execution of coup plotters in Nigeria’s history breaking the record of the 1976 coup led by Buka Suka Dimka in which 32 officers and men were executed.

Read More: http://donvinlander.blogspot.com/2012/07/coup-detat-in-nigeria.html

 
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Posted by on July 20, 2012 in Miscellaneous

 

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REPRODUCTION OF FUNGI

INTRODUCTION

Fungi mainly undergo sexual and asexual reproduction, although  some fungi reproduction through vegetative method. Their reproduction depends on favorable environmental conditions. Some conditions trigger genetically determined progress, leading to the specialized structures for sexual or asexual reproduction. There is also non-sexual reproduction.

SEXUAL REPRODUCTION

This involves the fusion of two mature gametes. In an artificial group of fungi called fungi imperfecti. It is absent. There are different types of fungi depending upon the type of sexual reproduction. Mates that are genetically different mates are Heterotrophic.

These processes involve the fusion of nuclei, as well as cytoplasm known as kargogamy and plasmogamy and it involves to a diploid nuclei which fuses form a haploid and undergo.

A dikargen cell is present in the intermediate meiosis phase between plasmogamy and kargogamy. There is a decrease in sexuality with the progressive increase in class of fungi.

Sexual reproduction occurs by planogametic copulation gametangial contact and copulation, spermatogamy and somatogamy.

In planogametic copulation gametes are with the flagella. They differentiate and then fuse. This fusion, may be isogamous or heterogamous, which involves similar and dissimilar gametes.

In gametangial contact, male and female sex organs are involved. These are the antheridia and the gametes fuse and form zygosphere while in spermatogamy, the male cell is carried to the female sex organ and in somatogamy the process involves fusing of vegetative hyphae.

 

SEXUAL REPRODUCTION IN SOME FUNGI

Zygomycates – They could have a single type of nucleus in their mycelium (homothallism) or they can contain two mating types nuclei inside their mycelium (neterothallism).

When homothatlic, they undergo somatic fusion (conjugation) caused by attraction in between the fungi by the secretin induce molecules responsible for the formation of zygospheres, modified hyphael tips, which then grow towards each other.

Ascomycetes – They have no specialized organ of hyphael fusion. Different mating type mycelia merely fuse with each other to form transcient dikargons, mycelia with two mating types nuclei within it. The dikargotic mycelia can differentiate to form varying amounts of sterile mycelium around what is to become the fertile issue of the fruit body.

In yeast, a diploid yeast will undergo meiosis producing, four haploid progeny cells.

Basidiomycetes – They have the most complex structure found in fungi. They rarelu produce asexualspores. They are mostly vegetativemycelium. Compatible mycelium fuse to craete a dikargon.

 

NON-SEXUAL REPRODUCTION

This method of reproduction is by spores known as sporangio-spores. These spores are found in a sac-like structure called the sporagium. There is a significant different between spores of aquatic fungi and that of a land fungi. The spores of an aquatic fungi is motile, while that of land fungi is non-motile and is mostly dispensed by wind.

Another non-sexual method is by the conidia which is produced by chain and specialized hyphae called conidiosphores and are generally dispersed by wind.

 ASEXUAL REPRODUCTION

This is the most common method of reproduction in fungi. In its simplest form, asexual reproduction is by budding on binary fusion.

Budding is the development of a ning of chitin around the point where the bud is about to appear.

Fragmentation – Many fungi can reproduce by fragmentation. Any mycelium that is fragmented or disrupted, provided that the fragment contains the equivalent of the peripheral growth zone, can grow into a new colony.

Sporalation – This is by the most important type of asexual reproduction and asexual reproduction is extremely important to fungi, it is responsible for the reproduction of large numbers of spores through-out the year. The asexual spores are formed on a phase of fungal life cycle termed in some text as mitosphoric or anamorphic phase. There can be more than one mitosphoric state for each species of fungus, and in some cases the mitosporic states of very different species can look very similar.

The onset of asexual reproduction is controlled by many different things. Some are environmental-like nutrient levels, CO2 levels, light levels. Others can have internal lime clocks and sporulate anyway in a present part of the fungal life cycle designed to spread and maximize colonization during one season.

ASEXUAL REPRODUCTION IN SOME FUNGI

Chutridiomycetes – Chytrides are quite distinct from other fungi, as they have extremely simple thelli and motile zoospores.

Species within this group are very simple in structure and may only consist of a single cell, perhaps with rhizoids to anchor it on a substrate.

Asexual reproduction in the chytids is by the production of motile zoospores with a single posterior flagellum in the sporangia.

Zygomycetes – Zygomycetes fungal mycellium is coenocytic. At the onset of sporulation, large amount of aerial hyphae are produced. The tips of these aerial hyphae are fill with cytoplasmic contents and the nuclei undergo repeated mitosis. Around each of the nuclei cytoplasm and organelles connect and by the formation of coprious vesicles from golgi, each nucleus becomes isolated from the next by a plasma membrane within the spaces created by this cytoplasmic cleavage; spore walls begin to form, again by the fusion of Golgi vessicles containing cell wall monomers and enzymes with the spores membrane. A sporangium forms as these events occur so there is considerable water uptake by the forming sporangium, and as the collumella forms, the structure comes under considerable tugor pressure. A large sporangia can contain up to 100, 000 spores.

Ascomycetes/Deuteromycetes – The process of spore formation in most members of the higher fungal groups is based largely on the formation of aenal mycelium and the differentiation of the hyphael tip. However, unlike the process seen in zygomycetes, the process here involves much more like the budding seen in yeast. This is termed blastic process, which involves the blowing out of the hyphael tip wall. The blastic process can involves all wall layers or there can be a new cell wall synthesised which is centruded from within the old wall. This reproduction could result in a bottle-shaped fungi, other species of ascomycates and deutromycetes form their structures within plant tissue either as parasites or saprophytes. This fungi has evolved a more complex asexual sporing structure, probably influence by cultural conditions of the plant tissue. This structure is called sporodichium.

 
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Posted by on July 19, 2012 in Science

 

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Why you must pray

Prayer must be our Life’s vocation as believers, if we don’t pray or we don’t tarry in prayers,

We will be operating in the aim of flesh which will surely fail us. The harder we try, the less we accomplish and the more frustrated we becomes.

This affects our actions and dispositions and we begin to manifest angry, bitter, irritable and other sinful habits.

Since we know we cannot successfully handle our lives on our own, there must always be in us a desire and commitment to seek supernatural invention and divine involvement in our situation.

We dare not to move an inch without the presence and influence and guidance of God in our lives; hence we must constantly seek these through prayers, indeed, when a believers stops breathing and stops living; therefore we must pray, pray and pray, pray more, talk less believer. Pray in the spirit, pray with understanding and pray with faith that moves the heart and hand of God. Put all your heart and attention into prayers – don’t be half-hearted or double minded, when you come into the presence of God.

Shut out all distractions. Be sensitive to God as you speak to Him in prayer, so you can hear Him speak to you too.

There must be soberness, saintliness, and submission to God’s will as you pray.

Make out quality time to pray; do it deliberately, don’t ever retire from praying; determine to always confront life’s battle with and continuous victory will be yours. You will move from race to glory, never knowing defeat in any area of Life.

 
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Posted by on July 17, 2012 in Miscellaneous

 

Enterpreneur (Part Two)

INTRODUCTION

Many scholars have written widely on entrepreneurship and its potency, thus, underscoring the quintessence, significance and relevance of this sub-sector in the development of any given economy. The experiences of developed economies in relation to the roles played by entrepreneurship buttresses the fact that the importance of entrepreneurship cannot be over emphasized especially among the Developing Countries, in order to highlight its significance in relation to the growth and development of a given economy.

This is because Entrepreneurial activities have been found to be capable of making positive impacts on the economy of a nation and the quality of life of the people. Studies have established its positive relationship with stimulation of economic growth; and empowerment of the disadvantaged segment of the population, which include women and the poor, and also examines the major problems of entrepreneurship and thus proposing some plausible. Strategies that can promote effective entrepreneurship.

The concept of entrepreneurship

Entrepreneurship is more than simply “starting a business.” It is a process through which individuals identify opportunities, allocate resources, and create

Value. This creation of value is often through the identification of unmet needs or through the identification of opportunities for change. Entrepreneurial success is simply a function of the ability of an entrepreneur to see opportunities. Entrepreneurship is known as the capacity and attitude of a person or group of persons to undertake ventures with the probability of success or failures. It demands that the individual should be prepared to assume a reasonable degree of risks, be a good leader in addition to being highly innovative.

Binks and Vale (1990) defined entrepreneurship as an unrehearsed combination of economic resources instigated by the uncertain prospect of temporary monopoly profit. Entrepreneurship development has also led to growth of the economy and sustainable development.

Problems of entrepreneurship in Nigeria

The key roles of entrepreneurship include mobilization of domestic savings for investment, significant contribution to Gross Domestic Product (GDP) and Gross National Income (GNI), harnessing of local raw materials, employment creation, poverty reduction and alleviation, enhancement in standard of living, increase in per capital income, skills acquisition, advancement in technology and expert growth and diversification.

Prospects of entrepreneurship development  in Nigeria

All the above cited problems not withstanding plausibility of entrepreneurship development abound, hence the government fully appreciates the opportunities entrepreneur, contributes to economic growth and development as well as the constraints and difficulties in their operating environment. The government has established various support institutions and relief measures specially structured to render assistance and succor to minimize the constraints, which entrepreneurship typically face if not to eliminate them. The support institutions established by the government range from specialized banks designed to focus on the funding of Small and Medium Enterprises to agencies and departments all meant to give a flip to the Fortunes of Enterprises. The comfort is that the governments (local, state and federal) are neither relenting nor giving up in their bid to revamp and invigorate the fortunes as to enable them play the expected role in Nigeria’s economic growth and development.

CONCLUSION

As a result of finance being a major constraint of small business in fulfilling its developmental roles, any initiatives by the government and other stakeholders must be geared at improving SMEs’ access to finance and lowering the cost of finance. As obvious as it is that entrepreneurship is the magic Wand that can change the story overtime, yet it has not

been duly explored and many scholars, commentators and observers have argued that lack of capital is what drives very many people and  hence inadequate access to loan schemes couple with the issue of collateral and high interest rate on loan from financial institutions, and others arguing that the problem is lack of managerial prowess and the zeal and will to take risks.

 
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Posted by on July 17, 2012 in Management Science

 

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Entrepreneur

ENTREPRENEUR

Entrepreneurship is a process of using available capital in any form for business endeavor in any open and free-market economy for the soil purpose of making profits.

Udu, udu, and Eze (2008) also defined entrepreneurship as the act of creating a new combination that ends one economics order and clears the way for a new one. It is a process by which economic and commercial activities necessary for the improvement of the standard of living of the society are created by entrepreneur individual, institutions. Corporations and governments. Entrepreneurship bridges the gap between science, technology, and the market. The market here is conceptualized as consumers or persons who have genuine need for goods and services offered by the entrepreneurs and are willing to pay for them. However, scientist are known as inventors whose inventions have economics values that need to be commercialized. The responsibility of commercializing the inventions of the scientists lies within the realm of entrepreneurship.

WHO IS AN ENTREPRENEUR?

An entrepreneur is a person who develops a new idea and takes the risk of setting up an enterprise to produce a product or service which satisfies consumer needs. All entrepreneur are business persons, but not all business persons are entrepreneurs. Think of a woman who sits by the roadside leading to your home and who has been selling type of food, from the same size of saucepan or pot, from the same table top, and may not have been able to change her standard of living to any appreciable extent. Such a woman may be a business person but not an entrepreneur, on the other hand is the business person not an entrepreneur. The entrepreneur on the other is the business person who is not satisfy with his/her performance and therefore always finds characteristics or some special qualities and strength which makes an entrepreneur different from business person. It is important for us to note that a successful entrepreneur possesses the following characteristics.

  1. Initiative
  2. Opportunity Seeking
  3. Persistence
  4. Information seeking
  5. Demand for quality and efficiency
  6. Risk taking
  7. Goal setting
  8. Commitment to work
  9. Systematic planning and monitoring
  10. Persuasion and networking
  11. Independence and self-confidence.

PROBLEMS OF ENTREPRENEURSHIP AND NIGERIA ECONOMIC DEVELOPMENT.

  1. No Policy at the National Level: Though Government of Nigeria is fully aware about the importance of entrepreneurial development, yet we do not have a national policy on entrepreneurship. It is expected that the government will formulate and enforce a policy aimed at promoting balanced regional development of various areas through promotion of entrepreneur.
  2. Poor Response of Financial Institution: entrepreneurs are not able to offer collateral security for the grant of loans. Banks are not prepared to play with the public money and hence they impose various conditions  for the grant of loans those entrepreneurs who fail to comply with the conditions are not able to get loan and hence dream of setting up their own enterprises is shattered. Helpful attitude of lending institutions will go along way in stimulating entrepreneurial climate.
  3. Inaccesable market: The majority of our people don’t have access to markets, and in order for them to stand the requirements of the markets. So this is one area where we are lacking. For instance, if you want to have access to the U.S market, you must know of the regulations, what it takes and all those things until we are able to create that very well and let people understand it, and produce to be able to meet the needs of the market, then will not be enabled to move forward.
  4. Lack of Infrastructure: a major one again is “infrastructure”. This is basically (true) in all developing countries, but more so in Nigeria. Thirty percent of our not being competitive is based on infrastructure. Power, just power, public supply and power, interestingly enough, there has been a study which the world Bank has carried out in the last 10 years or so, so if they are able to remove power as a bottleneck, Nigeria will gain at least 30% competitiveness in production.
  5. Unstable Political System: the various crisis rocking the various government at the three-tier of government causes uncertainty and increases the risk associated with investments.
  6. Energy Crisis: This need no further explanation, so many manufacturing firms have shut down due to their inability to compete with foreign products. The reason far-fetched, it expensive tuning a factory with generators. In organized societies, the generators are used as back-up plants to avoid disruption in production process whenever there is power failure. The reverse is the case of Nigeria. Generators are the main source of electricity for all and sundry. Constant electricity supply is still a fairy tale.
  7. Poor Transportation System: The transportation system in Nigeria is quite poor. The roads are full of potholes, the railway system is not functioning anymore, the waterway is undeveloped while the air transport system is in crisis. It is therefore expensive moving both raw materials as well as finished products from one place to another.

PROSPECTS

Augustine Ahiauzu in his article, Entrepreneurship and economic development in Nigeria; the way forward, recommends that to tackle the problems of Nigeria’s economic development, concerted effort be made to fashion out a truly Nigerian economics ideology, and that the Nigerian Government should improve the entrepreneurial framework conditions to galvanize Nigeria’s total entrepreneurial activities towards improved national economics growth and development.

Ehis added that the issues to solve is how to engage the unemployed Nigerians in different fields of endeavor to complement or augment different skills they have acquired in the university in their various disciplines or their God talents and creative thinking.

Small and medium-scale enterprises (SMES) especially entrepreneurial activities have played important roles in the development process in most of the developed economies, and proved to be one of the most viable sectors with economics growth potentials. SMES have such a crucial role to play in the development of an economy that they cannot be ignored by the government.

According to him, the government must develop policies to remove the problems of entrepreneurship and Nigeria’s economic development and enhance the growth of the economy. Since Nigeria’s political independence in 1960, the country has been working tirelessly to achieve economic independence. Several policies aimed at capacity building and utilization has been introduced by both civilian and military regimes in the country.

Another focus in the liberation programme is the ongoing massive privatization campaign of public institution, which is again aimed at attracting foreign investment with the hope that this would help increase economic activity and bring in much-needed revenue to accelerate economic growth.

The roles the entrepreneurship plays in a developing society can be summarizes as follows:

  1. It generates employment
  2. Increases  productivity through innovation.
  3. Facilitates the transfer/adaptation of technology.
  4. Ensures increased resource utilization
  5. Stimulates growth in those sectors which supplies it with inputs
  6. Re-invigorates large-scale enterprises
  7. Encourages and sustains economic dynamism that enables as economy to adjust successfully in a rapidly changing global economy.
  8. Enables individual to use their potentials and energies to create wealth, independence and status for themselves in society and
  9. Increases private sector participation t=in the manufacturing sector.
  10. The developed economies of the world are evidences of the role entrepreneurship plays in economic development.

REFERENCES

Acs ZJ, Storey DJ (2004) ‘Introduction: Entrepreneurship and

Economic Development’, Adejumo G(2001).entrepreneurship development in Nigeria: characteristics, problems and prospects. Minniti M, Lévesque M (2008) ‘Recent developments in the

economics of entrepreneurship’, J. Bus. Vent. 23: 603-612.

 

 
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Posted by on July 16, 2012 in Art, Management Science

 

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GNOSTICISM

GNOSTICISM

THE ETYMOLOGICAL AND PHILOSOPHICAL CONCEPT

The term Gnosticism derives from the use of the Greek adjectives “gnostikos” <”learned”> “intellectual” or “knowledge” was first coined and used by St. Irenaeus (1885AD) to describe the school of valentines as he criticized Gnostic heresy. This occurs in the context of Irenaeus work on the detection and overthrow of knowledge falsely so-called. This term is also a quotation of the Apostle Paul’s warning against “knowledge falsely so-called.” In 1 Tim 6:20.

However, the origin or beginning of Gnosticism has been a matter of controversy (problems). Gnosticism was a religious movement beginning probably before the time of Christ and extending into the first few centuries of the Christian era. It developed alongside orthodoxy, Christianity, and Jewish Christianity thousands of years ago. Many Church fathers thought Gnosticism was founded by Simon Magus, the Samaritan sorcerer who converted to Christianity (Act 8: 9-24). Some contemporaries before Christianity and them invaded it from the outside through the conversion to Christianity of Jewish and gentiles Gnostics. Other scholars believed Gnosticism started as a Christian heresy. It seems clear, though that the apostles themselves had to contend with a form of Gnosticism (Col 2:8, 18, 1 John 4:1-3, Rev 2:6, 15). Paul said “Avoid profane babbling and the absurdities of so-called knowledge (Gnostic) by professing it, some people have deviated from the faith”. (1 Tim 6:20-21).

Gnosticism was primarily defined in Christian context as “the acute Hellenization of Christianity” by Adolf V. N Harnack (1885). The consequent discussion of Gnosticism included pre-Christian religious beliefs and spiritual practices argued to be common to early Christianity, Hellenistic, Judaism, Greco-Roman mystery religious, Zoroastrianism (especially Zurvanism) and Neo-Platonism. However, the base of discussion of Gnosticism changed radically with the discovery of the Nag Hammadi: Library and led to revision of older assumptions and a orientation of modern scholarship following the 1966 conference on Gnosticism in Messina. Sometimes in 1945, near the Egyptian desert of Nag Hammali, several Gnostic gospels that have been hidden for centuries were discovered by two local farmers. The scrolls showed that Gnostics viewed Jesus as a teacher who helped his followers attain spiritual knowledge and return to God when they died. Therefore, with this renewed interest followed teachings by its believers of its doctrines. Years later, the Gnostic Christian church was founded by Psychic Sylvia Browne in 1986 April 14 whose churches have existed for over 7,200 years. The first church service was conducted on 1986 July 12.

GNOSTICS DOCTRINES OR THEOLOGIES

The beliefs of the Gnostics bear some similarities to Greek, Egyptian, pagan, astrological, Jewish, Buddhist and other Christian views in detail, the Gnostics theologies are as follows:

  1. Gnostics believe that spiritual knowledge (gnosis) is the key to wards attaining, salvation. This secret knowledge that is gotten through and revealed by special Gnostic teacher’s initiation; usually dealt with the individuals’ relationship to the transcendent being.
  2. Christ appeared to die, but did not really die. The crucifixion was really a cruci<fiction>.
  3.  Christ was not truly God, the second person of the trinity. He was merely a created being who was the lowest of the “Aeons”, the group of semi-divine beings between God and Man. Each lower Aeon was given power by a higher Aeon. Christ, the Aeon was furthest removed from God, created the world because god was too pure to dirty himself with matter. Therefore, God generated lesser divinities or emanations.
  4. Matter is evil. This belief is associated to wisdom, one of the emanations who desired to know the unknowable God out of his erring desire, the “demiurge” an evil god was formed and it was this evil god that created the universe. He along with “Archons” kept the mortals in bondage – material matter, and tried to prevent the pure spirit souls from ascending back to God after the death of their physical bodies. Therefore, they believe that one can do any thing one wants with one’s body, including killing it to release the soul from its imprisonments.
  5. The God of the Old Testament is evil as evidenced by the fact that he created the material universe. He is not the same as God of New Testament, who is the God of love as Jesus and the apostles taught (1 John 4:8, 16).
  6. They saw the material world as created by an intermediary being (demiurge) rather than directly by God. In most of the system, the Demiurge was seen as imperfect, in others even as evil. Different Gnostic schools identified the demiurge as “Adam Kadmon”, Ahriman”, “El”, “Saklas”, “Samael”, “Satan,” “chorozon”, “Yaldabath”, or “Yahweh”.
  7. Gnostic leader, carpocrates, believed that the soul needed to experience many life times before attaining salvation, thus suggesting a belief in reincarnation.
  8. Both male and female images for the supreme God were common.
  9. Women like Mary Magdalene, played and important part in writing the Gnostic texts.
  10. Since according to the Gnostics, matter is evil, deliverance from material that was attainable only through special knowledge. Christ was the divine redeemer who descended from the spiritual realm to reveal the knowledge necessary for this redemption.
  11. Duality in the concept of God. Gnostics believes that there is a true God, who is the essence of every living and non-living creation and a false God or creator God, who created the “flawed world”. Thus they believe that spirit is good while matter is bad. They say Jesus was good during his baptism but after his crucifixion, the baptism was nullified and he became bad. Just as they say that man is good and woman, bad, because there was no problem in the world until the existence of woman.

EFFECTS OF THE SPREAD OF GNOSTICISM

POSITIVE EFFECTS:

  1. The church was able to stand for its own belief.
  2. The New Testament was produced.

NEGATIVE EFFECTS:

  1. Its doctrine brought about division in the church. The supporters of Gnosticism aligned with its teachers while the supporters or believers of Christianity followed their Christian leaders.
  2. It brought about discrimination of leadership position.

THE DANGER OF GNOSTICISM

This danger of Gnosticism is easily apparent. It denies the true efficacy of the atonement. Since, if Jesus is not God, He could not atone for all of mankind and we would still be lost in our sins.

Nevertheless, the Gnostics laid claims to Jesus as a great teacher of their and as such require some attention. It is possible that 1 John was written against some of the errors that Gnostics promoted.

In conclusion, though classical Christian Gnosticism was lost to the western world during the fourth and fifth centuries, the Gnostic influence in its view of the world, knowledge of human and divine consciousness, continues to be part of the several religious and occult sects. Therefore, having critically assessed one of the heretic doctrines (that the church of old tried to eradicate) called Gnosticism as well as its believers or practicers who view themselves as “those who know all”, humanity is to desert from any of Gnosticism owing to the instruction of Apostle Paul in 1 Tim 6:20-21 whereby escaping the condemnation of our soul.

 REFERENCE

–          Gnostics World view. A Brief Summary of Gnosticism

By Stephan A. Hoeller (Tall Stephanus, Gnostic Bishop)

–          The Gnostic Gospel by  Claine Pagals

–          What is Gnosticism by Karen L. King

–          New World Order: Consensus by Mikhail Gorbachev (The Cape God Times, Jan 28, 1993)

–          Gnosticism, Judaism and Egyptian Christian By Birger Pearson (Augsburg Fortress Publisher (1990)

–          Gnosticism by Matt Slick (Inter Encyclopedia of Philosophy)

–          The Gnostic Bible By Barnstone, Wills, Meyer, Maruin (203) Shambhala Books Published 880

 

 
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Posted by on July 16, 2012 in Art