FUEL SUBSIDY REMOVAL IN NIGERIA A subsidy is an assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributed as subventions in an industry to prevent the decline of that industry (‘Subsidy’‚ 2012). Subsidies are used to cushion the price effect of products or commodities or services to the consumer; hence it is used to control price in an economy and ensure the consumer can afford such commodity. This paper seeks to examine the removal
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The case of youth unemployment in Nigeria has been a popular discourse with various perspectives to causes and consequences of unemployment. The rate of youth unemployment has been alarming according to the National Bureau of Statistics. In 2004‚ young people aged between 15-24 years made up 52.9% of the total number of unemployed persons while those aged between 25-44 made up a further 41.1% . It is also estimated that there would be 14 million new entrants into the labour market between 2009-2011
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My dream for Nigeria is for a safe country. A country where there are no armed robbers‚ where one can safely walk around in the night; gather together with friends and family without being robbed: a great and corrupt-free Nigeria. Without corruption Nigeria would be a great country‚ where things will work. My dream for Nigeria is a country of hardworking and honest people - where its leaders do not enrich themselves with public funds: I dream of a Nigeria where politicians are not greedy or steal
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Compare & Contrast Report on Guatemala and Nigeria – Teams 3 & 4 Section 1 – Introduction The following report is a compare and contrast of the viability for starting a business in either Guatemala or Nigeria. It will also include some details on the overall business climate of both countries and other geographic‚ social‚ and economic factors. Factors that we will discuss include standards of living‚ education‚ overall economy‚ infrastructure‚ communication‚ transportation‚ geographic‚ climate
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CREDIT MANGEMENT IN NIGERIA BANKS: AJUGWE CHUKWU ALPHONSUS INTRODUCTIONS Credit Management is one the most difficult task facing bankers all of over the world and the case is more pronounced in the Nigeria situation because going through the history of banking in Nigeria‚ one can observed that the major source of bank failures was ineffective credit management that led to accumulation of bad debts. Credit administration is the bane of Nigeria banks and a major source of worry to Regulatory Authorities
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LEGISLATION IN NIGERIA By Oluwatosin O. Obiyomi and Adeyemi S. Ifaturoti Department of Estate Management Obafemi Awolowo University‚ Ile-Ife Nigeria. Email: addyfax02@gmail.com Mobile number: +234 706 270 9658‚ +234 806 420 5023 February 2009. The territory now known as Nigeria comprises of various communities with diverse cultures and disparate customs which guide the ownership and control of land. This is commonly referred to as the customary land tenure law. Nigeria is located on the
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Law‚ Corporate Objective and Social Responsibility: The Nigerian Situation Background Information Corporate associations largely influence the lives of humans and economies of nations. Confederation of British Industry rightly notes that human ‘...lifestyle is determined by the activities and the style of businesses’. [1] These businesses are in turn largely determined by the activities and styles of companies.[2] Therefore‚ the impacts of businesses and their organisations on
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CHAPTER THREE THE THREE ERAS OF TAXATION IN NIGERIA General Historical Overview of Taxation Taxes are as old as the history of organised human society. During the reign of the Pharaohs in Egypt tax collectors were called scribes and taxes were collected on various items including cooking oil.1 In the ancient Greek city of Athens‚ taxes were especially important in times of war. The tax imposed during times of war was known as eisphora and no one was exempted from this tax. After the war
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licensed brewing arrangements. In Nigeria it trades under the name Guinness Nigeria and will be referred to as such from this point. Over the past few years Africa has been Diageo’s most dynamic growth region‚ delivering the highest proportion of its global growth. Guinness is by far Diageo’s largest brand in Africa accounting for over 30% of the region’s turnover and profits. Moreover in the last few years it has consistently delivered double digit growth. Nigeria overtook Ireland in 2007 as the
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positive change of things in the life of the people‚ both the rich‚ average and poor. Then such a society would be regarded as developed. For example the living conditions of the USA. Nigeria the most populated country in Africa filled with its endowed natural resources‚ and according to the “united nations statistics Nigeria is the 8th most populous county in the world with a population of 2.3%” (UN 2011).but the country still suffers the decay of underdevelopment due to certain avoidable factors that
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