Question and answer
Implication of the removal of fuel subsidies on nigerian economy
There is a strong resolve by Nigerians to resist government attempts to implement the European development fund (EDF) / IMF agenda to deregulate the downstream oil sector, which to the average Nigerian, simply means the removal of fuel subsidy. [ This is a hard sell, given the arguments presented by top bureaucrats in the Nigerian oil business and even more compelling, the candid revelations by
Enrique Amundel, the Venezuelan ambassador to Nigeria, on some ‘facts of the matter’ on the deregulation debates. Before we comment on these ‘facts of the matter’ that gave further boost to the ‘pro subsidy’ campaign, it would do to briefly analyse the implication and logic in ODA/IMF position in pushing the deregulation ‘conditionality’. Put bluntly, the removal of fuel subsidy in Nigeria is a direct affront to the millennium development goal number 1 of halving the number of people living in poverty by 2015 and at odds with global concern for the low levels of economic growth and recently reported declining human development index in Nigeria. It also smacks of double standards in the current patterns of State intervention in free markets and increased levels of protectionism in leading capitalist enclaves. It is also obvious that the pressure to remove subsidy is designed by experts with insufficient understanding of the Nigerian economy or who choose to ignore the inability of client governments to effectively implement anti poverty programmes planned as a wider element of a fiscal policy agenda. For more on the essay and source: awarenessfordevelopment.org/index.php?...nigeria-fuel-subsidy ]
Expert answered|sharpies|Points 5212|
Question
Asked 11/23/2011 9:03:16 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
21,772,673 questions answered
Popular Conversations
The sequence 2, 2, 2, 2, ... is a) arithmetic sequence b) geometric ...
Weegy: A sequence such as 1, 5, 9, 13, 17 or 12, 7, 2, ?3, ?8, ?13, ?18 which has a constant difference between terms. ...
8/3/2015 12:03:10 PM| 8 Answers
Demosthenes
Weegy: Demosthenes was a prominent Greek statesman and orator of ancient Athens. User: Aristophanes was one of ...
8/2/2015 10:05:42 PM| 3 Answers
Susan bought a new computer. She purchased a .
Weegy: What is your question for weegy? User: what is a consumer User: what is service Weegy: what kind of service ...
8/3/2015 9:59:24 AM| 3 Answers
The best time to exercise is A. in the morning. B. in the ...
Weegy: How may I help you?
8/3/2015 10:28:42 AM| 3 Answers
The purpose of accounting is to provide financial information about a ...
Weegy: what is your question?
8/3/2015 11:51:29 AM| 3 Answers
service business.
Weegy: what kind of service you are looking for? User: what is merchandising business.
8/2/2015 6:24:49 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 148 [Total 10501]| Ratings 0| Comments 148| Invitations 0|Offline
S
Points 98 [Total 413]| Ratings 0| Comments 98| Invitations 0|Offline
S
Points 76 [Total 302]| Ratings 0| Comments 76| Invitations 0|Online
S
Points 64 [Total 65]| Ratings 0| Comments 64| Invitations 0|Offline
S
L
L
P
1
Points 52 [Total 8625]| Ratings 0| Comments 52| Invitations 0|Online
S
1
L
L
Points 25 [Total 8493]| Ratings 0| Comments 25| Invitations 0|Offline
S
Points 11 [Total 11]| Ratings 0| Comments 11| Invitations 0|Offline
S
Points 3 [Total 3]| Ratings 0| Comments 3| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.