Impact Of The 2018 World Cup On Economic Development And Growth Of Nigeria: A Case Study Of Ministry Of Youth And Sports Development, Abuja

Project and Seminar Material for Economics

Impact Of The 2018 World Cup On Economic Development And Growth Of Nigeria: A Case Study Of Ministry Of Youth And Sports Development, Abuja


Chapter One


Introduction

1.1 Background of the Study

Hosting mega events have traditionally been a privilege of developed nations, but since 2008 developing countries have successfully obtained the right to host those international competitions. For example, China hosted the 2008 Summer Olympics, India the 2010 Commonwealth Games, Nigeria the 2010 World Cup, Russia the 2014 Winter Olympics and Brazil the 2014 World Cup. In addition, Russia hosted the 2018 World Cup and Brazil the2016 Summer Olympics (Peeters, Matheson, & Szymanski, 2014). Although this seems to be a positive step for the developing nations, there are speculations concerning the real benefits and expenses those games generate. Events such as the World Cup give the incentive to create infra-structure, promote international exposure and increase tourism and business alliances. It is also a way to speed investments in certain areas and infra-structure that otherwise would be forgotten or would not passed through the political process (Barclay, 2009). On the other hand, the opportunity cost is high. Investing in infra-structure for a mega event means a reduction in other public services, greater government borrowing or higher levels of taxation (Barclay, 2009). This issue is recognized by the public and a proof of that are the several protests that occurred in Brazil before and during the 2014 World Cup. Although in 2007, when Brazil was chosen to be the 2014 World Cup host the Brazilians were supportive, the huge amount spent in stadiums enraged them a few years later. Besides that, developing nations tend to have an inefficient and corrupted government, an extra challenge when it comes to investments. The study seeks to appraise the impact of the 2018 world cup on economic development and growth of Nigeria. A case study of ministry of youth and sports development.


1.2 Statement of the Problem

The hosting of mega events such as the world cup is characterized with many expectations but evidences shows that many of such expectations are never met. Government expenditure through the ministry of sports is high during such season for installations of sporting facilities, renovations, trainings, travel, accommodation and entertainment and the provision of tourism. It is apparent that many of the expenditures would have been invested on the provision of basic amenities. As nicely written by Peeters, Matheson, and Szymanski, โ€œmost of the spending by local residents on the sporting event does not generate new economic activity but simply reallocates spending within the economyโ€. The problem confronting the study is to appraise the impact of the 2018 world cup on economic development and growth of Nigeria. A case study of ministry of youth and sports development.


1.3 Objectives of the Study

The Main Objective of the study is to appraise the impact of the 2018 world cup on economic development and growth of Nigeria. A case study of ministry of youth and sports development; The specific objectives include:

  1. To determine the relevance of the 2018 world cup.
  2. To determine the impact of the 2018 world cup on economic development and growth of Nigeria.
  3. To determine the impact of the 2018 world cup on ministry of youth and sports development.

1.4 Research Questions

  1. What is the relevance of the 2018 world cup?
  2. What is the impact of the 2018 world cup on economic development and growth of Nigeria?
  3. What is the impact of the 2018 world cup on ministry of youth and sports development?

1.5 Research Hypothesis

Ho1: There is no significant impact of the 2018 World Cup on economic development and growth of Nigeria.


1.6 Significance of the Study

The study addresses impact of the 2018 world cup on ministry of youth and sports development. It provides relevant data for the effective formulation and implementation of policies which will further stimulate the economy to economic growth and development.


1.7 Limitation of the Study

The study was confronted with logistics and geographical factors.


1.8 Definition of Terms

Economic Development

Economic development is the process by which a nation improves the economic, political, and social well-being of its people.

Sports Development Defined

Sport Development is the intentional use of sport and physical activity as a tool to bring about positive change in the lives of people and communities.

Economic Growth Defined

Economic growth is an increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real terms. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used.


Project Material Download

5,000 5000

The Complete Material Will Be Sent to You in Just 2 Steps

Quick & Simple…


Step One Purchase

Make Payment (Through Transfer) of โ‚ฆ5,000 to Any of the Account Below

Access Bank PlcAcc No: 0811003731
Samphina Academy
Current Account
Zenith BankAcc No: 1225513212
Samphina Academy
Current Account

Or CLICK HERE To Pay With Debit Card


FOR STUDENTS OUTSIDE NIGERIA
CLICK HERE To Purchase Material ($15)
FOR GHANIAN STUDENTS
Make Payment of 120 GHS to 0553978005 | Douglas Cloud Osabutey | MTN MoMo

Step Two Purchase

Send the Following Details on WhatsApp ( 08143831497) After Payment

  1. Payment Details

  2. TOPIC: Impact Of The 2018 World Cup On Economic Development And Growth Of Nigeria: A Case Study Of Ministry Of Youth And Sports Development, Abuja

The Complete Material Will Be Sent To You On WhatsApp After Receiving Your Details
T & C Apply


ย  Contact Our Help Desk


Need a Different Topic? Perform a Quick Search



List of Related Works

Click on Any Topic to Preview the Content

samphina.academy

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.