Entries on Political Science
Price earnings ratio is widely and commonly used in determining if a stock is over or undervalued. Basically, price earnings ratio, expresses the relationship between current stock market price per share and the reported yearly earnings per share; usually of the last quarters. It derived its meaning from the payback multiple, which is the time it will take to recover one’s investment. It also, shows what the market or investors are willing to pay today for a stock based on its past and future earnings. Hence, it helps investors determine the price of stock compared to the earnings of the company.
Leadership, Policy and Economic Development in Nigeria and Singapore: a Comparative (1960 - 1990) is a sweeping comparison of Nigeria and Singapore on their economic development performances. It further critically assesses how leaderships in the two countries were able to influence these performances through their economic policies and developmental efforts. Particular emphasis is placed on between 1960 and 1990; although post 1990 is briefly captured but strictly on economic policies and performances of successive governments. This book elementrifies foundational reasons why the two countries have divergent economic development statistics despite starting with homologous economic statistics in the 1960s, with cross-national opportunities and constraints. It reveals how the two different and newly independent countries in the 60s followed different paths toward nation building. The correlations between leadership, economic policymaking and implementation, and economic development are established. The period of 1960 to 1990 played key, formative roles in the both countries’ economic development narratives. Within the three decades, Singapore was transformed from a third to first world country while Nigeria was caught up with International Monetary Fund’s Structural Adjustment Program. This Comparative Study captures cross-national differences and finds out lessons Nigeria can learn from Singapore in pursuing an inclusive and sustainable economic development. This book is a fitting primary source for students, scholars and researchers of development studies, public policy, development economics, leadership, governance and regional development.
The situation of unrest in the country calls for a more concerted effort to restore peace and stability. This can be done from many fronts. Proper to our milieu is education through the print media. To achieve this therefore, the editorial crew of the Aquinas’ Journal chose for 2015 to add more value to the matter with the theme: Violence in the Land and Journey to Peace. With this theme, the Journal identifies Boko Haram, unethical campaign languages, hate speeches sexual violence against women and the violence of Tiv/Fulani as common catalysts to conflict in the land. On a similar note, it offers the opportunity to consider/rethink once again our togetherness as a nation and present unity as an imperative in our sophisticated world. Having done these, alternative means of conflict resolution, reciprocity and Christian religious education are highlighted as the recipes for peaceful coexistence.
Book writing is rather a difficult task, this explains why there are very few books on very important issues in Nigeria. It is therefore commendable when the upcoming generation of scholars like Jibrin M. Waziri and Ibrahim M. Bako take it upon themselves to break the Jinx by writig a book on the subject matter of federalism in Nigeria. They depended solely on secondary sources in their analysis thereby making the book a scholarly contribution.
to hold its ground and reinvent itself for the new millennium. One of such manifestations is the increase in indigenous Muslim communities in Eastern Nigeria, one of Africa’s homogenous christian regions. New Face of Islam in Eastern Nigeria and the Lake Chad Basin: Essays in Honour of Simon Ottenberg is a collection of chapters from different scholars who are vast in their respective fields of Islamic Studies. The essays provide a variegated outlay of issues in Islamic history that are relevant to the Nigerian and African intellectual and social discourse. The book makes interesting reading and is therefore recommended for scholars, researchers and the general public who are interested in issues on Islamic discourse.
It is pertinent for people to know their rights, so that they can actualize their aspirations or dreams. Illiterate citizens always find it difficult to know what to do when their leaders are taking the wrong way. The more literate a society becomes, the wider the knowledge on how the society is governed. Political education and orientation is needed for the state to achieve its dreams. This should be made compulsory in families, schools, churches and the media. Before politics of good governance will be entrenched in the state, there must be unity, i.e. the spirit of oneness. America is the world super power today because it has overcome some of these primordial indices which deter development. There is need to imbibe this culture for the state to develop. No genuine development takes place in an atmosphere of rancor and chaos. Where there is violence, there is no peace and where there is no peace there is no development.
The book which is about the origin, theory and practice of Federalism in Nigeria examines the travails and prospects of application of the Federal system of government in the most populous country in the African Continent. The authors argued that the option of federalism is undoubtedly the best option in Nigeria by which too many of the ethnic expressions and identities can be successfully managed. However, they have demonstrated that despite its viability, the application of the federal system of government in Nigeria has met several challenges, ranging from constitutional crises, and the war, too many military interventions/engagements in the nations’ body politic, ethnic nationalism etc. The authors have further shown that at the moment, the prospect of the Nigerian Federalism appear rather bleak and wondered if the system worked well in some other countries why can’t it work in Nigeria? The book is presented in eight chapters: Chapter one deals with Conceptual and Theoretical Issues in which the concept of Power and Federalism is clarified. Chapter two deals with the antecedents and origin of Federalism in Nigeria. Chapter three is concerned with the emergence of political structures along the ancient problem of multi-ethnic and religious identities in Nigeria. The idea of the chapter is to underscore the necessity for federalism in a country with too many nationalities. Chapter four which is a follow upof the previous issues deals with the problem of ethnic minorities in historical perspective. Chapter five is on Federalism under crises in Nigeria. Chapter six examines the shuttle between the successive military and civilian regimes in Nigeria since 1960. Chapter seven is on the controversial issue of Resource Allocation in Nigeria since 1960 to date, while chapter eight examines the prospects of Federalism in the present century. From the foregoing, it is evident that the authors have succeeded in clarifying the basic issues of Federalism in Nigeria.
In the last few years, there has been a lot of concern and debate, not only among policy makers, but also within the academia and the public at large, regarding the attainment of the Millennium Development Goals (MDGs) in Nigeria. This has led to the initiation of various reforms, beginning with the banking sector reforms, introduced towards the end of 2004, all aimed at creating a favorable environment for meeting the objectives of the MDGs. The present book of readings addresses some of these reforms and represents a contribution by our Department of Economics to the ongoing discussion. While the range of reforms advocated here is not exhaustive, it nevertheless emphasises once again the well known fact that there are also non-economic factors involved in economic development. In this regard, it must be pointed out that the sectors of the economy considered in the volume include, not only the purely economic ones like banking and finance, insurance, etc. but also the political and sociological areas such as corruption and the harmful effects of widowhood rites. It must also be noted that the recommendations emphasize that reforms are needed at all levels, including the public and private sectors of the economy, as well as the individual level. I commend the efforts of our Department of Economics, the editors and the contributors to this volume. The book deserves a most enthusiastic welcome by all (policy makers, the academia and the general public) who are working towards or looking forward to the attainment of the MDGs in Nigeria.
This study examines the nature of railway and their policies in Nigeria and Japan with a focus on finding out the factors that have hindered successful policy implementation in the Nigerian railway sectors and how these processes have affected national development. It has the objective of finding out the strategies that enabled success of the Japanese railways and how these strategies can be applied in Nigeria to rescue the current dilapidated railway sector. The researcher used primary and secondary methods of data collection to gather the needed data. The data obtained through questionnaires were presented in tables and analyzed using the simple percentage. The findings have also shown that factors which militate against successful policy implementation in Nigeria include lack of continuity and multiplicity of policy by different administrations in Nigeria, inadequate resources, non involvement of the local people in policy implementation and corruption. It also discovered that the low level of implementation has been responsible for the low level of development in Nigeria and that the success of the Japanese railway system is as a result of the strategic restructuring of the system in 1986 and that this has been responsible for the country`s high level of development. The researcher therefore recommended that for policies to be successfully implemented in Nigeria, there must be a political will by government, local people must be involved, resources must be adequately mobilized and corruption should be strictly avoided. Others include policy restructure and privatization of the rail sector, decentralization of railways into regional or state based, separation of passengers and freight railways etc. And that the money realized from the sectors should be deployed in developing other sectors. These ensure efficiency of the implementation process of policies and that of the railway system and consequently enhancing national development.