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What strategies is Nigeria adopting to transit from a mixed economy to capitalist economy?
It is the process we use to consume goods. actually in the Nigerian economy, capitalism is being practiced in paper while in the real context, Nigeria practives mixed economy because the key sectors of the economy like Oil, power, etc are being owned and handled by the government. For now nigeria has adopted many measures to transit from a mixed economic system to a capitalist economy such as the privatisation and comercialization of the Electric sector, Deregulation of the oil sector, etc. CONTRIBUTION BY AFOMACHUKWU OKAFOR ECONOMICS DEPT. ESUT
Meaning of deregulation of the downstream sector IN NIGERIA?
It means removal of the subsidy, (the part government pays for) in getting dometsic fuel
Secondary sector the economy relates to?
Secondary sector the economy relates to?
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
What impact has the baby boomer generation had on manufacturing industries in the secondary sector of the economy?
the economy was more successful because there were more people. Things were made faster
What are the advantages and disadvantages of deregulation in Nigeria?
Deregulation brings about efficiency in the oil sector as a result of heathy competitiin.
What strategies is Nigeria adopting to transit from a mixed economy to capitalist economy?
It is the process we use to consume goods. actually in the Nigerian economy, capitalism is being practiced in paper while in the real context, Nigeria practives mixed economy because the key sectors of the economy like Oil, power, etc are being owned and handled by the government. For now nigeria has adopted many measures to transit from a mixed economic system to a capitalist economy such as the privatisation and comercialization of the Electric sector, Deregulation of the oil sector, etc. CONTRIBUTION BY AFOMACHUKWU OKAFOR ECONOMICS DEPT. ESUT
Meaning of deregulation of the downstream sector IN NIGERIA?
It means removal of the subsidy, (the part government pays for) in getting dometsic fuel
Rate causes and solutions to unemployment in Nigeria?
by implementing every sector in nigeria weather private or public sector and morealso regulating the financial economy
Do an evaluation of public sector expenditure in technology and industrialization in Nigeria?
the nigeria public sector
What has the author Vincent Akpotaire written?
Vincent Akpotaire has written: 'Privatisation and deregulation of the downstream sector of the oil and gas sector' -- subject(s): Deregulation, Law and legislation, Petroleum industry and trade, Privatization
Which country in West Africa has an economy based nearly entirely on oil?
Nigeria is the country in West Africa with an economy that is heavily reliant on oil. The oil sector accounts for a significant portion of its GDP and government revenue, making it a key driver of the nation's economy. Despite its vast oil resources, Nigeria faces challenges such as corruption, infrastructure issues, and fluctuations in global oil prices that impact its economic stability.
What is the definition of banking sector reform in Nigeria?
The banking sector reform in Nigeria refers to the current changes that is taking place in Nigeria. These changes are aimed at streamlining the banking operations in Nigeria.
What is the contribution of the primary secondary and Tertiary sector of the Nigeria economy?
The Nigerian economy is structured into three main sectors: primary, secondary, and tertiary. The primary sector, which includes agriculture, forestry, and fishing, contributes significantly to employment and food security but has faced challenges such as inefficiency and inadequate infrastructure. The secondary sector, encompassing manufacturing and construction, is growing but remains limited due to reliance on imports and energy shortages. The tertiary sector, which includes services such as finance, telecommunications, and trade, is the largest contributor to Nigeria's GDP, reflecting a shift towards a more service-oriented economy.
What are the impact of fuel subsidy removal on public sectors in Nigeria?
It has afacted the public sector throug high price of food stufs in the market.
Secondary sector the economy relates to?
Secondary sector the economy relates to?
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
