As always, the Essay competition aims to provide a unique platform that supports critical thinking amongst university students on topical socio-economic issues that are important in Nigeria’s sustainable growth and development.
Considering the country’s current financial and economic situation, this year’s competition focuses on “The CBN Naira redesign policy and its effect on the Nigerian economy & the consequence of increased brain drain on the economy”.
Applicants can choose one between the two questions below:
- Leading to the recent currency redesign policy, the Central Bank of Nigeria reported that about 84.71% of the N3.23 trillion currency in circulation was outside the banking system. A situation described to be a risk to its currency management responsibility.
- Using relevant examples, critically analyze the pros & cons of the monetary policy implementation and provide recommendations to the CBN for future policy implementation based on the consequent challenges experienced nationwide.
- Article 13, section 2 of the Universal Declaration of Human Rights states, “Everyone has the right to leave any country, including his own, and to return to his country”.
- This statement agrees with the Nigerian constitution on the Right to Freedom of Movement. However, a significant increase in brain drain can be classified as an anomaly for any economy. Critically analyze the factors causing human capital flight in Nigeria and recommend relevant solutions to safeguard the country’s economic growth and development.
Established in 1975, University of Port Harcourt is a non-profit public higher education institution located in the suburban setting of the large city of Port Harcourt (population range of 1,000,000-5,000,000 inhabitants), Rivers. Officially accredited and/or recognized by the National Universities Commission, Nigeria, University of Port Harcourt (Uniport) is a very large (uniRank enrollment range: 35,000-39,999 students) coeducational higher education institution. University of Port Harcourt (Uniport) offers courses and programs leading to officially recognized higher education degrees such as pre-bachelor degrees (i.e. certificates, diplomas, associate or foundation degrees), bachelor degrees, master degrees, doctorate degrees in several areas of study. See the uniRank degree levels and areas of study matrix below for further details. This 44 years old higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. The admission rate range is 0-10% making this Nigerian higher education organization a most selective institution. International applicants are eligible to apply for enrollment.