Nigeria and the the Effects of Global Recession on Business:

TERM PAPER: Economic Environment Of Business I

TOPIC:

‘The global economic contraction presents risks different from that which companies in Nigeria have had to manage in the past half decade. It is doubtful that they will successfully’ Using any company of your choice, Discuss.

COMPANY: UAC Property Development Company [UPDC Plc]

Outline:

Executive Summary

The Global Economy 2004 – 2008

Performance of Key Macroeconomic Indices

Breakdown of World Economy and performance of regional indices

The Global Economy and Nigeria

Overview of the Nigerian Economy 2004 – 2008

Macroeconomic performance and key indices

Risk Trends

Socio Political environment

Overview of the Real Estate Industry

UPDC Plc:- 2004 - 2008

Historical Performance (Financial review)

Risk response

A New World? 2009 and beyond

Global performance

Nigerian Economic performance

New management challenges

Conclusion

Appendix:

List Of Graphs

List of Tables

References

EXECUTIVE SUMMARY:

The Global Economy 2004 – 2008

The global economy

Overview of The Nigerian Economy 2004 – 2008

The Nigerian economy witnessed significant growth in the period under review, as all major macroeconomic indicators have on the average trended upwards. Indeed Nigeria witnessed a burst of economic growth based on critical reforms undertaken by the Obasanjo administration. Real GDP witnessed a sustained growth rate of above 6% from 6.58% in 2004 to 6.2% in 2007 2008 to 6.41% occasioned by the global crisis which was in full swing by December 2008.

The period under review also coincides with the most sustained increase in crude oil prices which reached a record high $147/barrel in July 2008 generating huge revenue for government.

TERM PAPER: Economic Environment Of Business I

TOPIC:

‘The global economic contraction presents risks different from that which companies in Nigeria have had to manage in the past half decade. It is doubtful that they will successfully’...