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In Relation to the Use of Business Information Using Appropriate Examples

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| UK | Nigeria | Government stability | Very StableFollowing the market reforms instituted by Prime Minister Margaret Thatcher in the 1980s, Britain experienced steady economic growth throughout the 1990s; political stability continued throughout the years. However, the government’s size and spending grew significantly under successive Labour governments. Prime Minister David Cameron’s Conservative–Liberal Democrat coalition government, formed after the 2010 general election, has cut public services but maintained spending on the National Health Service and foreign aid. The government’s debt continues to increase. The economy was in recession in early 2012 but has bounced back to positive growthIn essence, The United Kingdom (UK) is a country with very lowlevels of risk.Recently, the UK was hit particularly hard by the global financia lturmoil, partially due to its sizeable financial sector. Yet, the economy has continued to recover slowly with growth between 0-2% and an expected 0.7% in 2013. Forecasted growth should be between 1-2% going forward driven by marginally higher employment, lower inflation, improved demand and easing concernsover the Eurozone. | Very instable.Tribalism, religious persecution, and ethnic rights have played a visible role in Nigerian politics both prior and subsequent to independence in 1960. Kin-selective altruism has made its way into Nigerian politics and has spurned (spurred?) various attempts by tribalists to concentrate Federal power to a particular region of their interests. Nationalism has also led to active secessionist movements such as MASSOB, Nationalist movements such as Oodua Peoples Congress, Movement for the Emancipation of the Niger Delta, and also a civil war. Nigeria's three largest ethnic groups (Hausa, Igbo and Yoruba) have maintained historical pre-eminence in Nigerian politics; competition amongst these three groups has fuelled corruption and graft | Infrastructure | The level of infrastructure is good for an industrialized country, member of the EU.Most of them, alas, are in need of refurbishment and would need heavy investments to modernize it.In a recent survey, the UK’s global competitiveness ranking for ‘quality of overall infrastructure’ was 24th in 2012-13, equal to the US, and below all the other G7 economies except Italy.In 2007 the UK ranked 19th. In a 2012 survey by the Confederation of British Industry, nearly two thirds of companies judged the UK’s infrastructure unfavourably relative to that of other EU countries; only a minority of companies were confident that the UK’s transport, energy, and water networks will improve in the near future; and nearly half rated the UK’s transport networks as well below average international standards.And, notwithstanding the government’s recent claims about transformational plans for road building and the railways, and talk of lengthening the government’s policy horizon in this area, its latest initiatives are in significant part a repackaging of previous ideas. | Among its African peers, Nigeria has relatively advanced power, road, rail, and ICT networks that cover the national territory quite extensively. Extensive reforms are ongoing in the power, ports, ICT, and domestic air transport sectors. But challenges persist. The power sector's operational efficiency and cost recovery has been among the worst in Africa, supplying about half of what is required, with subsequent social costs of about 3.7 percent of GDP. The water and sanitation sector has inefficient operations, with low and declining levels of piped water coverage. Irrigation development is also low relative to the country's substantial potential. In the transport sector, Nigeria's road networks are in poor condition from lack of maintenance, and the country has a poor record on air transport safety. Addressing Nigeria's infrastructure challenges will require sustained expenditure of almost $14.2 billion per year over the next decade, or about 12 percent of GDP. Nigeria already spends about $5.9 billion. It is well placed to raise the funds needed for infrastructure, given the strength of the national economy, abundant oil revenues, and efforts at electricity cost recovery and other improvements to operations and management. | Education | Full-time education is compulsory for all children aged between 5 and 17 (from 2013, and up to 18 from 2015), either at school or otherwise, with a child beginning primary education during the school year he or she turns 5.[8] Students may then continue their secondary studies for a further two years (sixth form), leading most typically to A-level qualifications, although other qualifications and courses exist, including Business and Technology Education Council (BTEC) qualifications, the International Baccalaureate (IB) and the Cambridge Pre-U. The present literacy rate is 95% | * Education in Nigeria is managed by the state. * There are 27 federal and state-owned polytechnics in Nigeria * The present literacy rate is estimated at 72%. * The first 6 years of primary education are mandatory in Nigeria. | Natural Resources | Natural resources in UK are: 1. coal 2. petroleum, 3. natural gas, 4. iron ore, 5. lead, 6. zinc, 7. gold, 8. tin, 9. limestone, 10. salt, 11. clay, 12. chalk, 13. gypsum, 14. potash, 15. silica sand, 16. slate, 17. arable land | Although not completely investigated and exploited, Nigeria’s territory is very reach of natural resources and precisely:1. Lead Zinc2. Limestone3. Tin4. Rice5. Gold6. Marble7. Salt8. Ply Wood9. Palm Oil10. Rubber11. Ignite12. Oil and Gas13. Coaco14. Iron Ore15. Coal16. Cement | AVG GDP per person | | |

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