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.
18,441,076 questions answered
Popular Conversations
Simplify 7 - (-4) + 3(-6). -7 7 -9 9
Weegy: 7 - (-4) + 3(-6) = -7 User: Evaluate 3|-3|. -6 6 9 -9 Weegy: 7 - (-4) + 3(-6) = -7 User: Evaluate ...
11/24/2014 2:58:50 PM| 9 Answers
In the expression (x2 + 3), the base is _____. x 2 3 User: ...
Weegy: A number can not be divided by zero. The answer to 8/0 is undefined. User: Another name for the natural ...
11/24/2014 2:38:34 PM| 7 Answers
Simplify 3 · 2x. What is the coefficient? 2 3 6 x User: ...
Weegy: c User: Find the value of (3 + 4)2. 14 25 49 User: Evaluate N2 + 2N + 1 for N = 5. 21 36 51 Weegy: ...
11/24/2014 2:34:02 PM| 6 Answers
6 1/3 + 4 ¾ + 3 7/12 = 13 11/12 14 2/3 13 2/3 14 7/8 User: ...
Weegy: 3/5 to a decimal fraction is 0.6 3/5 = 0.6 User: 16 is what percent of 72? 22.2% 2.22% 4.5% 45% ...
11/24/2014 8:12:37 AM| 4 Answers
what was the first human invention to break the sound barrier
Weegy: The first human invention to break the sound barrier is a whip or [ bullwhip. ]
11/24/2014 10:26:02 AM| 3 Answers
How is the infinitive used in the sentence? Are those cowboy boots ...
Weegy: I need some time to think. Infinitive: To think; Use: Adjective User: How is the infinitive used in the ...
11/24/2014 10:27:35 AM| 3 Answers
9. Which kind of phrase are the underlined words in the sentence? ...
Weegy: The water from the well smells funny to me. The phrase from the well is an adjective phrase. User: Which ...
11/24/2014 12:03:46 PM| 3 Answers
Find the value of 4^2 + 6^2. 20 52 100 User: Find the value of ...
Weegy: 18 (eighteen) is the natural number following 17 and preceding 19. Please be specific with your question for us ...
11/24/2014 2:30:14 PM| 3 Answers
20,000 pounds equals how many English tons?
11/25/2014 3:30:36 AM| 3 Answers
Which personal pronoun best completes the sentence? How is it used? ...
Weegy: My father made my sister and ME blueberry pancakes for breakfast. The correct pronoun is: me; indirect object. ...
11/25/2014 9:42:28 AM| 3 Answers
Civil war broke out in Bosnia because the ________ in Bosnia wanted ...
Weegy: Civil war broke out in Bosnia because the Serbians in Bosnia wanted to be part of Serbia but the rest of the ...
11/24/2014 12:17:17 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2576 [Total 14287]| Ratings 10| Comments 2476| Invitations 0|Offline
S
L
Points 1394 [Total 3680]| Ratings 0| Comments 1394| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 754 [Total 14128]| Ratings 0| Comments 754| Invitations 0|Offline
S
L
Points 739 [Total 1260]| Ratings 6| Comments 679| Invitations 0|Offline
S
Points 626 [Total 658]| Ratings 1| Comments 616| Invitations 0|Offline
S
1
L
L
Points 246 [Total 6640]| Ratings 0| Comments 246| Invitations 0|Offline
S
L
Points 159 [Total 1455]| Ratings 3| Comments 129| Invitations 0|Offline
S
Points 66 [Total 66]| Ratings 1| Comments 56| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.