The Impact of Social Media In The World Today Imagine you are hearing the word social business for the first time, how will you view it in your own personal opinion. Actually, social business is a business involving social networks which is set up for the purpose of creating social services to people across the world and also serving as a means of making profit for the owners. Examples of social businesses in the world include Facebook, whatsapp, Instagram, YouTube e.t.c. These social businesses are referred to as multi billion dollar businesses as a result of a concept referred to as VVF.( Value, Volume and Frequency). Value--- The value of these social networks creates an avenue for mass usage of them by people across the world. The values they serve the world are so interesting and embracing, thus making them so attracting to the world. Volume---- The value of these social networks brings about the voluminous usage by people across the world. For instance, Facebook has ov...
Economy diversification; Agriculture a way out/wdn.com.ng There is no doubt that petroleum (crude oil) has contributed substantially to Nigerian revenue since its discovery in 1956 and more especially, since 1970 when its price was on the upward trend. However, it is a known fact across the globe that for a country to attain growth and development, its economy has to be diversified and that cannot occur in a vacuum. Mono-economy needs to give way to the productive development of various sectors of the economy. Following the sudden fall in the price of oil by more than 50% since June 2014 when it was $115 a barrel, which now is below $45, after five years of stability, it is a well-known fact that Nigeria’s continuous large earnings or revenue from this sector will be impossible. As a matter of fact, there is an urgent need for the Nigerian government to begin to look into diversification of various sectors of the economy so as to attain solid economic growth. St...
Babatunde Fowler is an economist, tax expert and administrator. He was the chairman of the Federal Inland Revenue Service (FIRS) and was the chairman of the Lagos State Board of Internal Revenue and the Chief Executive Officer of the Lagos Internal Revenue Service (LIRS). He's a graduate of Economics at the University of Wisconsin- Whitewater in the United States of America. He graduated in the year 1978. He had his second degree at the California State University, Los Angeles and also had his Masters in Business Administration (MBA), at the California State University, Dominguez Hills in 1981. He commenced his career in New York at Avon Products Inc. as a Marketing Intern serving under the Vice President of Africa. He was later employed by Johnson and Johnson in New Jersey, USA under the MBA International Development Program which lasted for one year. He was later transferred to the company's office in Nigeria between September 1982-1983. He joined the banki...
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