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Assignment Questions
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- State/Evaluate the Executive or Administrative Agencies of the Federal Government; and how it Guarantees the Promotion of Economic Growth and Sustenance of Social Justice.
Solution
EXECUTIVE OR ADMINISTRATIVE AGENCIES OF THE FEDERAL GOVERNMENT AND HOW THEY HELP ECONOMIC GROWTH AND SOCIAL JUSTICE
INTRODUCTION
The Federal Government of Nigeria runs through different agencies that help in managing the country’s economy and ensuring fairness in society. These agencies are set up to handle important areas like money matters, security, business regulation, and social welfare. They help the government by making sure laws are followed, public services work well, and the country grows economically.
This paper will explain some key executive or administrative agencies of the Federal Government, what they do, and how they help Nigeria’s economy grow while making sure people are treated fairly.
WHAT ARE EXECUTIVE OR ADMINISTRATIVE AGENCIES?
Executive or administrative agencies are government bodies created to carry out specific duties that help in running the country. They are usually under the control of the President and work with different ministries. These agencies help to:
• Manage the country’s resources properly.
• Make sure businesses follow government rules.
• Provide important services like education, healthcare, and security.
• Support social justice by protecting human rights and ensuring equal opportunities for all.
MAJOR EXECUTIVE OR ADMINISTRATIVE AGENCIES AND THEIR ROLES
1. Central Bank of Nigeria (CBN)
The CBN is the agency that manages Nigeria’s money system. It controls banks, gives out new money, and makes policies to keep the economy stable.
• How it helps economic growth: CBN makes policies that help businesses grow, control inflation, and ensure money is available for development projects. It also supports small businesses with loans.
• How it supports social justice: CBN makes sure banks do not cheat customers and helps poor people get access to banking services.
2. Nigerian National Petroleum Company Limited (NNPC)
The NNPC is in charge of Nigeria’s oil and gas resources. It makes sure oil is properly managed to bring money for the country.
• How it helps economic growth: Since oil is Nigeria’s main source of income, NNPC ensures that the country earns good money from selling crude oil. This money is used for development.
• How it supports social justice: It creates jobs, funds social programs, and ensures oil-producing areas benefit from oil production.
3. Economic and Financial Crimes Commission (EFCC)
The EFCC fights corruption, fraud, and financial crimes in Nigeria.
• How it helps economic growth: By stopping corruption, EFCC ensures that government money is used properly for development projects.
• How it supports social justice: It arrests and prosecutes people who steal public money, making sure no one is above the law.
4. National Human Rights Commission (NHRC)
The NHRC is responsible for protecting human rights and making sure citizens are treated fairly.
• How it helps economic growth: A country where people’s rights are respected attracts investors, leading to more jobs and development.
• How it supports social justice: It defends people who are victims of injustice, fights against discrimination, and ensures that all citizens enjoy their rights.
5. National Agency for Food and Drug Administration and Control (NAFDAC)
NAFDAC ensures that the food, drugs, and other products sold in Nigeria are safe for people to use.
• How it helps economic growth: It prevents the sale of fake and harmful products, protecting industries that make genuine goods.
• How it supports social justice: It ensures that poor Nigerians are not exposed to dangerous products that can harm their health.
HOW THESE AGENCIES HELP THE ECONOMY GROW AND ENSURE SOCIAL JUSTICE
All these agencies play a big role in making Nigeria’s economy strong and making sure people are treated fairly. They help in different ways, such as:
1. Creating Jobs – Many of these agencies provide employment opportunities for Nigerians.
2. Protecting Businesses – They make sure companies follow the law and do not exploit workers.
3. Providing Public Services – They ensure that government services like banking, health, and security work well.
4. Fighting Corruption – Agencies like the EFCC and ICPC stop public officials from stealing government money.
5. Supporting the Poor – Some agencies provide loans, grants, and social programs to help those in need.
CHALLENGES THESE AGENCIES FACE
Even though these agencies play an important role, they face some problems, such as:
• Corruption – Some government officials misuse public funds.
• Poor funding – Some agencies do not have enough money to do their work properly.
• Political interference – Politicians sometimes try to control these agencies for their personal interests.
• Slow decision-making – Bureaucracy and too many processes slow down their work.
CONCLUSION
The executive and administrative agencies of the Federal Government are very important in Nigeria’s development. They help grow the economy by managing resources, creating jobs, and ensuring businesses follow the law. They also support social justice by fighting corruption, protecting human rights, and making sure government services reach all citizens.
For Nigeria to develop properly, these agencies need to be strengthened by reducing corruption, improving funding, and making them more independent. When they work effectively, they help to create a better Nigeria for everyone.