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for the generation of revenue to the government.for the provision of employment and reduction of crime
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What are the economic implication of withdrawal of fuel subsidy on the nigeria economy?
The economic implication of withdrawal of fuel subsidy on the Nigerian economy is that the economy growth rate will decline. This will be occasioned by the rise in the cost of production.
What is the effect of removal of oil subsidy on the Nigeria economy?
Effect of fuel subsidy removal in nigeria economy
What export does Nigeria specialize?
Nigeria's largest economic sector is oil production. The country relies heavily on fossil fuel production, so much so that it is often considered a classic example of the "resource curse". 25% of the economy is devoted to agriculture, and Nigeria is the largest producer of agricultural goods in Africa. Nigeria is also the fourth-largest manufacturer in Africa, mostly working in light industry. There is a growing banking sector, although restrictive central bank policy means that a significant fraction of banking activity takes place in the shadow economy.
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
How has the fuel economy changed from then until now?
Not sure when then was, but fuel economy is always improving.Not sure when then was, but fuel economy is always improving.
Where was fuel discovered in nigeria?
In a field
What are cafe numbers?
Corporate Average Fuel Economy (cafe) has to do with fuel economy numbers for a car maker. The US government mandates certain economy ratings.Corporate Average Fuel Economy (cafe) has to do with fuel economy numbers for a car maker. The US government mandates certain economy ratings.
What natural recouces did nigeria have in the 1800?
fuel
What is city fuel economy?
Fuel economy that is achieved in primarily city driving
What it costs Nigeria Government to produce refined fuel?
Nigeria has rich oil fields but does not have much refining capacity. Therefore, Nigeria is a net importer of refined fuel products. The government subsidizes refined fuel, and this costs the government about eight billion dollars each year.
What industries does Nigeria specialize in?
Crude oil, coal, tin, columbite, palm oil, peanuts, cotton, rubber, wood, hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel, and petroleum are the major industries of Nigeria.
What car company is leading the way with fuel efficient vehicles, above and beyond industry standards?
Normally, this is a Toyota issue. However, in recent years, Honda has been leading the way in both fuel economy and affordability.
