WEEK TOPIC/CONTENT

1 AGRICULTURE
i). Activities of marketing boards in Nigeria.

2 MINING
i. Components of the Nigerian mining industry
ii. Minerals, types, use and locations.

3 MEANING OF FINANCIAL INSTITUTION

i. Meaning and segments of financial system
ii. Features of banking and non-banking financial institutions.
iii. Functions of each institution and its importance.
4 MEANING OF FINANCIAL INSTITUTION
i. Money and capital markets
ii. Benefits of capital markets
5 MONEY
i. Definition of money
ii. Historical development of money
iii. Functions of money
6 MONEY
i. Types of money (including credit card, valve card, other ICT
aided payment instruments)
ii. Characteristics of money
iii. Qualities of a good money
7 CHANNELS OF DISTRIBUTION
i. Channels and process of distribution
ii. Roles of Wholesaler
iii. Roles of Retailer

8 CHANNELS OF DISTRIBUTION
i. Roles of Cooperatives
ii. Roles of Government Agencies in product distribution
iii. Problems of distribution and ways of improvement.
9 INSTRUMENTS OF BUSINESS FINANCE
i. Sources of funds for businesses
ii. Basic instruments for business financing (shares, debentures
and bonds)
10 INSTRUMENTS OF BUSINESS FINANCE
i. Meaning and types of shares, debenture and other securities.

11 INSTRUMENTS OF BUSINESS FINANCE

i. Problems of business financing in Nigeria

12 Revision
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 13 Examination

@ dtbka
LESSON PLAN FORMAT

1. Lesson Plan Information

Subject: Economics Name: Mr. Ephraim Ugba

Class: Year 10 Date: 1/04/23

Topic: Agriculture Length of Period: 40 mins
Sub Topic: Agricultural marketing board.
No. in class: 15 Boys 6 Girls =9

Learning Skills (Where applicable): Creativity and Imagination, Collaborating and communication,
Critical thinking and problem solving, Citizenship and student leadership, Digital literacy.
Collaboration, communication, Critical thinking and problem solving.

3. Previous Knowledge
A. The Learners have learnt about concepts of agriculture in their previous class (second term) etc.

4. Learning Objectives/WALT
The students should be able to learn:
i. Meaning of agricultural marketing board.
ii. Features of banking and non-banking financial institutions.
iii. Functions of each institution and its importance.

5. Keywords
Agriculture.
Marketing board.
6. Success Criteria
All learners must understand the meaning of agricultural marketing board.
All learners must understand the functions of agricultural marketing board.

Most learners should be able to mention some problems of marketing board in Nigeria

B. Learning Environment: Class, outdoors, excursion, IT based

Class, a farm in the locality to observe the practice of agriculture.

C. Resources, Programs& Materials:

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Audio visual, pictures.

D. Reference Materials
Fundamentals of Economics for Senior Secondary Schools by R.A.I. Anyanwuoa

STARTER:
The teacher engages the students with questions like:
1. What is agriculture?
2. What are the importance of agriculture to the Nigerian economy?
INTRODUCTION:
The students watch a projects the picture of agricultural produce in Nigeria.

GUIDED PRACTICE:

ACTIVITY 1
The teacher explains the meaning of agricultural marketing board.
ACTIVITY 2
The teacher list and explains the functions of agricultural marketing board and prompt the students
to investigate their importance to farmers.

ACTIVITY 3
The teacher explains problems of marketing board in Nigeria.

Differentiated Independent practice:

Do you think agricultural marketing board have contributed enough to the growth of this sector?

Plenary:
The teacher holds a plenary on the question: “have Problems of marketing board in Nigeria overshadow
their effectiveness?”

CONCLUSION: How will I conclude/reinforce the lesson?

i. explain the term, agricultural marketing board.
ii. List and explain five functions of agricultural marketing board in Nigeria.
iii. Explain five Problems of marketing board in Nigeria.

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 TEACHER’S NOTE

WEEK 1
ECONOMICS
YEAR 10
Date: 1ST APRIL, 2023
Topic: Agriculture
Sub Topic: Agricultural marketing board.

AGRICULTURAL MARKTING BOARD

DEFINITION: A marketing board may be defined as a public corporation charged with the responsibility of assisting farmers
in purchasing, grading and marketing various agricultural products in the country.
FUNCTIONS OF THE MARKETING BOARD
The agricultural marketing board plays a lot of roles as it concerns agricultural products. Some these roles or functions include;
1. Buying of Farm Produce: Marketing boards are charged with responsibility of purchasing farm produce from
farmers at very fair and stable prices. The board do this through their appointed agents either directly from individual
farmers or from farmers co-operative societies.
2. Grading of Farm Produce: The licensed agents who collect the produce either directly from farmers or through the
use of middlemen perform the role of grading for marketing board in order to meet up with world standard.
3. Fixing of Prices: They perform this function of price fixing at the beginning of the planting season based on the
anticipated qualities in which the produce will be graded which also motivate farmers to produce high quality
products.
4. Price Stabilization: This function is performed by the marketing board in order to put a stop to price fluctuation.
5. Regulation of Production: The board regulate the quantity of crops produced through quota basis in order to avoid
over-production which leads to price fluctuation.
6. Marketing of Farm Produce: They find markets and arrange for the marketing of farm produce in both local and
foreign markets on behalf of farmers.
7. Funding of Research: They spends huge amount in funding scientific researches aimed at aiding farmers in
improving the quantity and quality of their products.

PROBLEMS OF MARKETING BOARD

Despite several roles played by the marketing board, the board is faced with some problems which include;
1. Problem of Price Fixing: This problem arise because price is fixed at the beginning of the season in anticipation of
production.
2. Government Interference: Hence it is a public corporation, the must times interfere in the administration of the board.
3. Financial Problem: Like any other government agency, the board suffers acute financial shortage.
4. Problem of Over-Production: The control of the production of agricultural product is a very difficult task because,
natural factors play significant role.
5. Price Fluctuation In The World Market: The international market where the board sell the produce is uncertain and
they have no power controlling it.
6. Illiteracy: The board deal with illiterate farmers who suffers from ignorance, and as a result, do not abide by quantity
control.
7. Inexperienced Agents: The agents who represent these boards in the rural areas are inexperienced, they lack
purchasing skill.

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1. Lesson Plan Information
Subject: Economics Name: Mr. Ephraim Ugba

Class: Year 10 Date: 1/04/23

Topic: Mining Length of Period: 40 mins
No. in class: 15 Boys 6 Girls =9

Learning Skills (Where applicable): Creativity and Imagination, Collaborating and communication,
Critical thinking and problem solving, Citizenship and student leadership, Digital literacy.
Collaboration, communication, Critical thinking and problem solving.

3. Previous Knowledge
A. The Learners have seen some precious stones and metals like gold, silver, iron ect.

4. Learning Objectives/WALT
The students should be able to learn:
i. Meaning of mining.
ii. Importance of mining
iii. Minerals types and locations in Nigeria.

5. Keywords
Mining
limestone
Iron ore
Minerals
Quarry
6. Success Criteria
All learners must understand the meaning of mining.
All learners must understand the Importance of mining.

Most learners should be able to identify minerals types and locations in Nigeria

B. Learning Environment: Class, outdoors, excursion, IT based

Class, visit a quarry site in the locality if possible.

C. Resources, Programs& Materials:

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Audio visual, pictures.

D. Reference Materials
Fundamentals of Economics for Senior Secondary Schools by R.A.I. Anyanwuoa

STARTER:
The teacher engages the students with questions like:
1. What is mining?

INTRODUCTION:
The students watch a projects the picture of minerals and their locations in a Nigerian map.

GUIDED PRACTICE:

ACTIVITY 1
The teacher explains the meaning of mining.
ACTIVITY 2
The teacher explains the importance mining and prompt the students to investigate their
importance to humanity.

ACTIVITY 3
The teacher identifies minerals types and locations in a Nigerian map .

Differentiated Independent practice:

Do you think mining have a positive contribution to the Nigeria economy?

Plenary:
The teacher holds a plenary on the question: “have mining create natural disters in some part of the world?”

CONCLUSION: How will I conclude/reinforce the lesson?

i. Explain the term, mining.
ii. List and explain five importance of mining.

TEACHER’S NOTE

WEEK 2
ECONOMICS
YEAR 10
Date: 1ST APRIL, 2023
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Topic: Mining

Mining 
Mining is the extraction of valuable minerals or other geological materials from the Earth,
usually from an ore body, lode, vein, seam, reef or placer deposit. These deposits form a
mineralized package that is of economic interest to the miner.
Mining in a wider sense includes extraction of any non-renewable resource such as
petroleum, natural gas, or even water.
Importance of mining
i. Almost every aspect of our modern lives relies on minerals or mineral products, such as
base metals, precious metals, coking coal, iron sands, aggregates, limestone and industrial
minerals.
ii. These are all vital elements used for building and construction, vehicle manufacture and
fuel, computers and other electronics, communications, healthcare and dentistry, food
production, and energy production and transmission.
iii. Mining is required to obtain any material that cannot be grown through agricultural
processes, or feasibly created artificially in a laboratory or factory.
iv. As well as supplying the world with the minerals modern society needs, mining creates
jobs and is a direct contributor to our economic prosperity.
The map below shows the major mineral resources in Nigeria:

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1. Lesson Plan Information
Subject: Economics Name: Mr. Ephraim Ugba

Class: Year 10 Date: 1/04/23

Topic: Financial Institution Length of Period: 40 mins
No. in class: 15 Boys 6 Girls =9

Learning Skills (Where applicable): Creativity and Imagination, Collaborating and communication,
Critical thinking and problem solving, Citizenship and student leadership, Digital literacy.
Collaboration, communication, Critical thinking and problem solving.

3. Previous Knowledge
A. The Learners have seen some financial institutions around them.

4. Learning Objectives/WALT
The students should be able to learn:
i. Meaning of Financial Institution.
ii. Features of banking and non-banking financial institutions.
iii. Functions or importance of financial institutions.
iv. Money and capital markets
5. Keywords
Financial Institution.
Banking
Non-banking
Money market
Capital market
6. Success Criteria
All learners must understand the meaning of Financial Institution.
All learners must understand the Features of banking and non-banking financial institutions.

Most learners should be able to mention functions or importance of financial institutions

All learners must understand the meaning and functions of money and capital markets

B. Learning Environment: Class, outdoors, excursion, IT based

Class, visit a bank in the locality if possible.

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C. Resources, Programs& Materials:
Audio visual, pictures.

D. Reference Materials
Fundamentals of Economics for Senior Secondary Schools by R.A.I. Anyanwuoa

STARTER:
The teacher engages the students with questions like:
1. What is a financial institution?

INTRODUCTION:
The students watch a projects the picture of a bank.

GUIDED PRACTICE:

ACTIVITY 1
The teacher explains the meaning of financial institution.
ACTIVITY 2
The teacher explains the features of banking and non-banking financial institutions.
ACTIVITY 3
The teacher explains the functions or importance of financial institutions.
ACTIVITY 4
The teacher explains the meaning and functions of money and capital markets.

Differentiated Independent practice:

Do you think financial institution have a positive contribution to the Nigeria economy?

Plenary:
The teacher holds a plenary on the question: “what are the contributions of money and capital markets
to the Nigerian economy?”

CONCLUSION: How will I conclude/reinforce the lesson?

i. Explain the term financial institution.
ii. List some features of banking and non-banking financial institutions.
iii. explain the functions of money and capital markets

TEACHER’S NOTE

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WEEK 3- 4
ECONOMICS
YEAR 10
Date: 1ST APRIL, 2023
Topic: Financial Institutions

FINANCIAL INSTITUTIONS
MEANING: Financial institutions are business organizations established to accept deposits from various
customers and lend it in form of loans to willing investors for the purpose of economic growth and
development.
A financial institution is a company engaged in the business of dealing with financial and monetary
transactions such as deposits, loans, investments, and currency exchange.
Characteristics of a financial institution
• Transferring of funds from potential savers to potential borrowers and vice versa.
• Eliminates the need to search for each other.
• Reduces the total cost of the borrower to obtain a loan by reducing time and physical effort.
• Under the guidance of expertise reduces the cost of financial transactions.
Common features of these institutions are that they accept deposit from the three agents of economy
(firm, government and household) and make it available for the purpose of investment and loanable fund.
TYPES OF FINANCIAL INSTITUTIONS
Financial institutions can be broadly classified into two namely:
1. The banking institutions
2. Non-banking institutions
BANKING INSTITUTIONS
The banking institutions include:
a. The central bank
b. Commercial banks,
c. Merchant banks,
d. Discount houses,
e. Acceptance houses,
f. Finance houses,
g. Microfinance banks, and
h. Community banks.
Features/ characteristics of banking institutions
• It is a profit and service oriented institution.
• It acts as a connecting link between borrowers and lenders.
• It deals with money.
• It accepts deposits from public.
• It provides Advances/Loans/Credit to customers.
. It may be an Individual/Firm/Company.

NON-BANKING INSTITUTIONS
The non-banking institutions include:
a. Insurance companies,
b. Hire purchase,
c. Mortgage banks,
d. Pension fund administrators.
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Features of Non-bank-financial institutions
Focuses on business related to, acquisition of shares, stock, bonds, debentures, securities issued by
government or local authority or other securities of like marketable nature, leasing, hire-purchase,
insurance business, chit business.
Money Market
This is the market where short term loans are made available for the borrowers. Funds are made available
for maximum period of on year.
Instruments Used In Money Market
The financial instruments being used in the money market are:
a. Treasury bills,
b. Treasury certificates,
c. Certificates of deposits,
d. Commercial papers,
e. Bank acceptance,
f. Bill of exchange, etc.
Capital Market
This the financial market where medium and long term funds are made available to the borrowers from
the lenders. The period of lending ranges from minimum of three (3) years and above. The institutions
that operate in this market include:
1. The stock exchange,
2. Insurance company,
3. Investment trust,
4. Building societies or mortgage banks, and
5. Development banks
Instruments Used In Capital Market
The financial instruments used in the capital markets finance medium to long term investments are:
a. Stocks,
b. Shares, and
c. Bonds, etc.

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