Functions of Banks
This lesson covers the functions of the Central Bank of Nigeria, commercial banks, and specialized banks. It explains the types of bank accounts, forms of payment, and the differences between commercial and specialized banks. The origin of the Central Bank of Nigeria is also discussed.
- 00:00 “Hello, good day and welcome to class. My name is Miss Lydia and in our commerce class today we will be treating another Aids to trade which is banking. Now by the end of this class, I expect you to be able to state the f...”
- 04:03 “That is, a private individual can set up a commercial banks and they can also be owned by organizations at these institutions and the government. Now commercial banks are limited liability companies. Now some examples of...”
- 03:16 “the regular banks we all know. Then we have the central bank and the highest financial institution in any country. Then we have the merchants bank, we have the savings bank, we have the development bank and we have the a...”
Financial Institutions Overview
This lesson defines financial institutions and lists the types of banking and non-banking financial institutions. It also explains the key differences between these institutions and their functions in the economy.
- 14:24 “industries by giving out long term loans to such industries. Examples of development banks in Nigeria are Nigeria industrial development bank NIDB. Nigeria bank for commerce and industry NBCI and Nigerian agricultural an...”
- 07:28 “depth out to the person they have borrowed money from there is what is called bill of exchange which is the recommend signifying that their customer is indebted to a person which is known as a creditor so in essence the...”
- 11:50 “of merchant banks in Nigeria today are ABC Merchant Bank, Merchant Banking Corporation, Merchant Bank of Africa, Esthetaria. Now the functions of merchant banks discounting bill of exchange loan to foreign traders that i...”
Nigerian People's Party and Great Nigerian People's Party
This lesson covers the formation of the Nigerian People's Party (NPP) and the Great Nigerian People's Party (GNPP). It explains their organizational structures, sources of finance, and performance. Key figures involved in the formation of NPP are also discussed.
- 04:43 “were among the second Republic political parties. Let's all see the sources of finance of Nigerian people's party. The Nigerian people's party received their phones. How they got their phone. They received their phone fr...”
- 05:28 “Also, they can get proceeds from the entertainment, donations, sale of public, publicity items. They sell materials like the emblems, they sell, party flag, and all that. From there, they get their source of funds. Also,...”
- 13:12 “and convention. The national working committee was charged with the responsibility of carrying out the directives of the neck proposing matters for its consideration. Now, let's also see the sources of finance for great...”
Structure of the Nigerian Economy
This lesson covers the nature and structure of the Nigerian economy. It explains the primary, secondary, and tertiary sectors and their contributions to the economy. The lesson also discusses the economic activities in different geopolitical zones of Nigeria.
- 19:34 “My name is Mr. Balogum Abdullah, till the next class. [MUSIC]”
- 14:37 “have more of animal production, that is livestock production in the north-east than in the north-west. Whereas, we have more of crop production in the north-west than in the north-east. There are not so much mining activ...”
- 08:51 “10% to the GDP while the tertiary sector contributed 20% to the GDP. And this is almost like what we had before. In the year 1975, there was only a little change in the contribution of each sector. But let us look at thi...”
Interdependence of Nations
The lesson covers the concept of interdependence among nations and the importance of international interactions. It explains Nigeria's economic, political, and cultural interactions with other countries, as well as the advantages and disadvantages of these interactions.
- 07:03 “In the sense that two countries came out as the world superpowers, the Western and the Eastern. Then Nigerian was pro-Western, they were for the West. But when the British now colonized them, it's tried to change their f...”
- 03:53 “to increase the flow of foreign investments and capital into Nigeria. And continue to support for international organizations. Babangina administration did already support the international organizations. Like we know, s...”
- 06:16 “and had not done so as of 1990 because of Muslim opposition and sympathy with the rest of Arab Muslim world. Secondly, Nigerian legacy as an ex-British colony. Nigerian legacy as an ex-British colony is also one of the f...”
Political Parties in Nigeria: PRP and NAP
This lesson covers the formation and organizational structure of the People's Redemption Party (PRP) and the Nigeria Advanced Party (NAP). It includes information on their sources of finance, aims and objectives, and their achievements. Key figures and events related to the development of these poli
- 01:36 “of Nigeria Advanced Party. You should be able to state the sources of finance of Nigeria Advanced Party. Then you should be able to mention the objectives, aims and objectives of Nigeria Advanced Party. Again, you should...”
- 13:26 “Let us see how this political party gets their sources. Got their sources of finance. Number one, true membership fees. Members of the political party, they pay fee, they pay levy. From there, they get their source of fi...”
- 04:46 “which had power to hold conferences as which each local branch of the party was represented by two delegates. Now, they also had local branches. The local branches had their own directorates and chapters based on the gra...”
Nigerian Federalism: Historical Overview
The lesson covers the nature and structure of Nigerian federalism from pre-independence to the present. It discusses the evolution of federalism in Nigeria, including key constitutional changes and the division of powers among regions and the central government.
- 18:55 “they adopt by camera legislator. That is the legislative, two legislative houses. Presently, we have the upper house and the lower house. The upper house is known as the house of Senet. Why the lower house is known as th...”
- 03:55 “in that London Constitutional Conference, that was when they agreed that the best system of government to be operated in Nigeria or maybe to be adopted in Nigeria, should be federalism. So the Constitution further came u...”
- 19:41 “The Supreme Court has the Supreme Court that the highest court of appeal. Then, another point is duplication of functions in a federal state. Functions, we are highly duplicated in every department. As we know, based on...”
Public Enterprises
This lesson covers the definition of public enterprises and their types. It explains how they are formed, the sources of their capital, and the reasons for government ownership. The advantages and disadvantages of public enterprises are also discussed.
- 05:41 “in Nigeria, of course. So we have the Nigerian port authority. They see to port duty, they see to all the activities of ports in Nigeria. Then we have the Nigerian railway corporation, which is the NRC. We have the Feder...”
ECOWAS Overview
This lesson covers the meaning of the acronym ECOWAS, which stands for Economic Community of West African States. It identifies the member countries, discusses the purpose of ECOWAS, and outlines its advantages and disadvantages, along with potential solutions to its problems.
- 16:38 “is different in currency. You are aware that Nigeria is using NARA and Cobo. Ghana had their own currency. Look at that. They are also trying to trade a move here and there. Trying to change this currency is a barrier. I...”
- 11:57 “So all that is made possible as a result of this particular organization. It promotes ports, supporting activities among members, members of Ghana, but a waffle cup and the rest things. It has been able to establish a co...”
- 11:11 “that is the not that joined Niji. Again, a presidency is as a kind of agreement. Or what I will show to you now, there should be good roads real so that these goods can move without any issue. And this body has also been...”
Solid Minerals in Nigeria
This lesson covers the types of solid minerals found in Nigeria and their locations. It also discusses the importance and uses of these minerals, along with how to draw a map showing their distribution across the country.
- 09:10 “iron. And also for benzene, in making of plastics, dyes and explosives. And the last one is phenol for making drugs and antiseptics, etc. You have seen the several minerals that are found in some places in Nigeria. You w...”
Cultism in Nigeria
The lesson covers the definition of cultism and identifies various cult groups and their symbols. It discusses the origin of cult groups in Nigeria, their reasons for formation, the consequences of cultism, and preventive measures against it.
- 14:50 “to ensure that youths are brought elevated out of poverty. When this is in place, it will reduce the rate of people joining court groups for financial gain. With this youth empowerment program, the rate of poverty would...”
- 02:23 “And their slogan is Snoop Prize No P. Then the Black Acts, the Black Acts is a symbol with the ants' chains and the ants' trying to court the chain. Then we have the Vikings. This is the logo. There's a symbol. Then the...”
Pre-colonial Administration Systems
This lesson covers the systems of government in the Hausa/Fulani, Igbo, and Yoruba societies before colonial rule. It explains the structure of their governments, the roles of different components, and compares the various pre-colonial administrations.
- 09:28 “of education and religious belief. Now, these are people, they shifted from one aspect of areas to another. Now, what they did is to work is to form their own belief. They were not going to follow this way. Now, we will...”
Citizenship and Its Types
The lesson covers the definition of citizenship and the process of becoming a citizen. It explains the rights, duties, and obligations of citizens, as well as the differences between citizens and non-citizens. Types of citizenship, including citizenship by birth and descent, are also discussed.
- 21:08 “It was the first prime minister of the Northern region and it was committed to nationalistic roles and it was also the politician. Now we want to look at Antony and Nahoro and Antony and Nahoro lead from 1923 to 2010. It...”
- 24:20 “to make known, make known of these problems in the government, but prefer solution, give the government ways to go about ensuring these problems are solved. Again, as a result, justice, equity and fair play in the societ...”
- 17:08 “It is a responsibility of the Nigerian government to manage the economic conditions of Nigeria and show that the economic situation of the police has been enacted and that the economy has been enacted at once that would...”
Youth Empowerment
The lesson covers the concept of youth empowerment and its importance. It explains the skills that empower youth and the benefits of these skills. The lesson also discusses the need for a supportive environment for youth development.
- 03:09 “came into being in Nigeria. If I don't comment on Nigeria, in 1987, established a national directorate of employment, NDE. In 1999, the National Poverty Education Program, NAPEP, as a institution charged with responsibil...”
Cleaning Agents and Cosmetics Production
This lesson covers the definition and types of cleaning agents, including commercial and homemade varieties. It also discusses the preparation of homemade cleaning agents and cosmetics, along with safety and regulatory aspects related to cosmetic products.
- 17:00 “We have number one, which is what most people know, which is Navdaq. And it is National Agency for Food and Drugs Administration Control. That is Navdaq. National Agency for Food and Drugs Administration Control. And we...”
Meaning and Types of Trade
The lesson explains the concept of trade as the buying and selling of goods. It describes the types of trade, including own trade and foreign trade, and outlines the services that facilitate trade. The role of Customs and Excise in foreign trade is also discussed.
- 18:45 “It helps the Osella to get the goods to the retailer. It even helps the retailer to get the goods to the final consumer. Transpostation is very important in trade. Without transport, the goods do not get to the market, p...”
- 02:24 “For example, in our previous class, we learned about physical markets. So, own trade can be from an umbrella to legal states. It is not going out of Nigeria, so it is within Nigeria. That is own trade. It is also a level...”
Channels of Distribution
This lesson covers the channels through which goods move from producers to consumers. It explains the roles of wholesalers and retailers, the functions of cooperative societies and government agencies in distribution, and identifies problems in distribution along with possible improvements.
- 16:39 “those middlemen involved in the China of distribution are too much. It should be streamlined. Insecurity in our roads. Inadequate information. That is, there is poor communication down from the final consumer to the prod...”
- 15:49 “Importation of essential commodities. The governments are in charge of bringing into the country those essential commodities which the country cannot provide or which are in lieu supplying in the country. Establishment o...”
Crude Oil and Petrochemicals
This lesson covers the definition of crude oil and petrochemicals. It explains the process of refining crude oil and lists the various uses of crude oil and petrochemical products. The importance of crude oil to Nigeria is also discussed.
- 19:45 “crude oil and petrochemicals is that they have helped Nigeria as a nation to develop because the revenue generated from crude oil is channeled or is put into other sectors other than the oil sector. You use the revenue o...”
- 23:04 “So all these things are very important for small-scale industries like such a water production industries or rubber buckets and other industries that are small-scale. We also talk about international recognition because...”
- 06:42 “As we move on I'm going to explain it different to light and heavy crude oil. That is to say we have different varieties of crude oil softener but generally it is dark brown in color whether light or heavy. Now I just me...”
British Colonial Administration in Nigeria
The lesson covers the principles and structure of British colonial administration in Nigeria. It discusses the impact of colonial rule on Nigeria and West Africa, as well as the advantages and disadvantages of such governance. A comparison of British and French colonial policies in West Africa is al
- 05:27 “in the colonies. Also, colonies generated adequate funds for their resources. Now, the colonies were able to generate funds internally and externally so that they can use it in the communities to make sure that the citiz...”
Solid Minerals in Nigeria
This lesson covers the types of solid minerals found in Nigeria, their locations, and their uses. Students will learn about specific minerals such as limestone and their importance to the economy. A map of Nigeria showing the distribution of these minerals will also be drawn.
- 02:32 “Solid minerals have been found deposited in some parts of Nigeria in commercial quantities. So, these minerals are found in some parts of Nigeria and they are of valuable importance to mine and the economy of Nigeria at...”
- 04:17 “And where can limestone be found in Nigeria? In a boy's state. In a place called on Kalagu. In a way, Koru, Nia Abe Okuta. In Shagam. That's in Okun State. It can also be found in Shokotu, Lokoja, Edo State, and Baochist...”