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.
- 04:51 “on selected members of the board of directors. They are usually appointed or nominated by the government. Hence, the day-to-day running and the vaccine of the organization's activities is tended to by the board of direct...”
- 13:39 “to ensure the success of such corporations in the interest of the public. You know when private organizations exist, when private organizations exist in the particular industry when they usually have competitors and a lo...”
- 16:08 “like we have said before that there is enough space. There are a lot of things to do in this organization's hands. There is need for a lot of hands and a lot of employees to work in this organization's hands reducing the...”
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.
- 16:22 “and domination by other countries, but also protect human race for destruction. Because of these political reasons, that was the reason why many of the international organizations have been formed. Like organizations and...”
- 25:45 “like United Nations Organizations, International Monetary Fund, ETC can bring about control of the sovereign of less powerful states as most of these organizations are controlled by big paths. Control of states like all...”
- 24:59 “They contribute to the interfaith in their domestic affairs. And this makes no sense to the hard-won independence of the country, of the developing states. And the one is inferior or poly-produced groups. Interactions am...”
Departmental Accounts
This lesson covers the definition and purpose of departmental accounts. It explains how to prepare these accounts to show the performance of different departments in a business. The lesson also discusses the advantages of using departmental accounts for comparison, error detection, and managerial as
- 00:56 “but there are some organizations that have different departments working on that then. And so it's important to be able to prepare the accounts of those departments. We have examples of such organizations like Shoprides,...”
- 02:30 “than the other, the commission it receives will be more than others. Therefore, it helps in monitoring the progress of each department. Five, the growth profits of each department can easily be ascertained. Now, what hap...”
- 01:42 “Now, let's look at the advantages of departmental accounts. One, it helps in the comparison of results of different departments. If we have up to four or five departments in an organization, wants to look at which depart...”
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.
- 22:07 “There should be stronger commitment by member to echo us projects. Please, everybody should be committed so that this particular organization can be able to survive and stand. Now, we've been able to look at echo us as a...”
- 03:14 “Then Cape Verge is also a member who joined there after after this initial 15 countries. The Ekoas, the Secretariat is located at Abuja. Well, what is the purpose? What is the mandate? What is the reason? What is if thes...”
- 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...”
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.
- 07:10 “Now, these groups that shared political authority included the village elders, the age grids, the also tied to elders, the offer tied to elders, the diviners, etc. Now, these are the people that would their preside or sh...”
- 10:15 “they are put in place. Now, they have to look at how it was elaborated, how it was splitted into different areas. Now, because it was splitted into different areas, from 1914 to 1922, now, they state up their own problem...”
- 13:23 “relating to the general administration of this community. Yeah, the council of eddas, they have to, they were, they sat together just to deliberate on all matters. Now, all matters in the sense that what, now, the matter...”
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...”
- 19:20 “1992 and their functions include number one, issuing guidelines to manufacture us, import us, dealers and also us in relation to the obligation. And number two, undertaking complaints and other forms of duties, as I've s...”
- 18:33 “control the importation, exportation, manufacturing, advertisement, distribution, sales and use of food, drugs, cosmetics, medical devices, bottled water, and so on and so on. So it's not only for the cosmetic parts, eve...”
Factors of Production
The lesson covers the concept of production and its types. It explains the factors of production, division of labor, and specialization. The advantages and disadvantages of division of labor and large scale production are also discussed.
- 18:26 “So you have your land, you have the label, you have the capital. We need coordinating elements. Those factors of production do not, they can't take initiative. They can't walk by themselves. Someone has to, one element h...”
- 05:41 “help us to complete that last phase of the production process or the production cycle. Now what are factors of production? They are the resources or the components that are combined together in order to produce goods and...”
- 33:30 “goods that is internal economies. The things that happen on the inside that brings about, what would I call it now, a shortfall to that internal, these economies. The things that happen on the outside that brings about g...”
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.
- 10:56 “when they don't have money to pay immediately, for payments to be made later. He talks variety of goods. That is, it makes a valuable variety of goods to the consumers. He supplies information to the whole seller and man...”
- 13:23 “the financial capacity to buy and pay immediately are given goods on credits. They give advice to members also as regards the product and services they wish to go into or deal in. They also bring products closer to membe...”
- 11:48 “in the channel of distribution. A cooperative society is defined as a voluntary and business organization in which a group of individuals with common interests pull their resources together to promote the economic condit...”