The origin of this concept “Africa the center piece of foreign policy” could be traced to the administration of the first Republic in Nigeria (1960-1966) headed by the then prime minister, sir Abubakar Tafawa Balewa. He maintained that, we belong to Africa as such Nigeria would pursue the realistic of Africa policies. Africa should be
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The circular flow of income circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents The flows of money and goods exchanges in a closed circuit and correspond in value, but run in the opposite direction. The circular flow
The concept of savings Saving is income not spent, or deferred consumption. A method of saving includes putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. It is any income not used for immediate consumption. Savings is
Definition Of Rule Of Law Rule of law is the law that states that the law is supreme over all the citizens and even those in governments, must be subject to and protected by the law. Rule of law is the absolute supremacy of the law over everyone in a country. The law of the
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Cells Cell can be defined as the structural and functional unit of life. It could also be describe as the simplest and basic unit of life in which are living organism are made of cells. Classification of Living Organism Based on the Number of Cells These includes; 1. Unicellular Organism: These are organism which
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Definition of a bank A bank is a financial institution licensed as a receiver of deposits. It is a commercial institution that performs financial activities. A bank is also an institution that creates money and give out loans to people. It is a place where money and other valuables are kept. Meaning of commercial banks
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Concept of bank reconciliation statement A business enterprise will record money paid into the bank and the sums drawn from the bank with cheques in the cash book. On the other hand the bank record all the transactions in its own books. The book which the bank prepares showing the transaction between it and the
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Newton’s First Law of Motion – Idea of Inertia States that object continues in its states of rest or uniform motion in a straight line unless an external force acts on it. It is a common experience that a body at rest will remain at rest. For example, a book at rest on top of
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Concept of the Interdependence of Nations There is interdependence and inter-relationship existing among nations of the world. No nation is an island. Nations of the world have become so closely related to one another as a result of breakthrough in communication, formation of different types of organizations, etc. Therefore, development of nations cannot be
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Meaning Of Health Health is a dynamic process because it is always changing. We all have times of good health, times of sickness, and maybe even times of serious illness. As our lifestyles change, so does our level of health. Those of us who participate in regular physical activity do so partly to improve the
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