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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Nigeria gained its independence on October 1‚ 1960. In 1963 it became a Federal Republic and a member of the Commonwealth of Nations. Nigeria is the most populous country in Africa‚ with about 140 million people (2006 national census) and the largest concentration of Black people in the world. One in five Africans is a Nigerian. There are about 250 ethnic groups‚ with three major tribes constituting over 40 percent of the population: the Hausa‚ Ibo and Yoruba. Other major ethnic/linguistic groups
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CHALLENGES OF MICROFINANCE BANKING IN NIGERIA-1 Nigerians‚ like many other Africans are generally known as their brother’s keepers in view of the extended family system. But when truly analyzed‚ there is a possibility that this may not be so? Perhaps a hypothetical deep may reveal that not up to 10% of Nigerians would invest in ventures or people that would yield them nothing in return and here I mean‚ “Returns in the short run or in the immediate”. The returns may be financial‚ emotional‚ spiritual
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Executive Summary This project focuses on existing problems‚ importance of efficient the country risk of Nigeria. In this regard we have identified their culture‚ people‚ economy‚ investment‚ opportunity‚ some key problems like Corruption‚ bureaucracy‚ piracy‚ Counterfeit‚ Criminal activities and fraud‚ legal safeguards etc. This paper also intends to show the regulatory framework issue‚ micro economic and macroeconomic issue to give a detailed picture of the Nigerian business Risk. But there
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1596-8303. www.transcampus.org/journals. www.ajol.info/journals/jorind THE CHALLENGES OF ADOPTING INTERNATIONAL FINANCIAL REPORTING SYSTEM IN NIGERIA Anthony O. Garuba Department of Accounting and Finance‚ Western Delta University‚ Oghara‚ and Pat Donwa Department of Accounting‚ University of Benin‚ Benin City E-mail: anthonygaruba@yahoo.com Abstract Nigeria is going to adopt International Financial Reporting Standard (IFRS) from 1st January 2012. Globalization and Information and Communication Technology
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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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“PROSPECTS AND CHALLENGES FOR ENTERING INTO RURAL MARKET WITH SPECIAL REFERENCE TO HUL AND ITC” By Mrs. Madhulika Dutta Mrs. Megha Bhatia Assistant Professor Sr.Lecturer Department of Management Studies Department of Management Studies
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Communications (GSM). Communication without doubt is a major driver of any economy. Emerging trends in socio-economic growth shows a high premium being placed on information and communication technology (ICT) by homes‚ organizations‚ and nations. Nigeria is not left out in this race for rapid development as the nation’s economy has been subjected to years of economic reversal via mismanagement and bad leadership. The Nigerian telecommunications sector was grossly underdeveloped before the sector was
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states have. To provide a base for analysis‚ this essay is going to use the central theory of realism to explain the civil war that occurred in Nigeria in between 1967 to 1970. This essay will seek to explain the events and how Realism can elaborate on the outcomes and the causes of the war. It will do it by firstly providing a historical background of Nigeria/Biafra war; it will then give the history of the development of realism as a theory of international relations. It then will seek to explain
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one of the most burning problems of nowadays. Now millions of chimneys‚ cars‚ buses‚ trucks all over the world exhaust fumes and harmful substances into the atmosphere. These poisoned substances pollute everything: air‚ land‚ water‚ birds and animals people. So‚ it is usually hard to breathe in the large cities where there are lots plants. Everything there is covered with soot and dirt. All these affect harmfully. Environmental pollution is one of the most acute problems of modern society. The Earth
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