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The government plays a crucial role in regulating ethical practices by establishing laws and standards that promote transparency, accountability, and fairness in various sectors. Through regulatory agencies, it enforces compliance with ethical guidelines to protect public interests, such as consumer rights and environmental sustainability. Additionally, the government can incentivize ethical behavior by providing support for businesses that adhere to ethical standards while imposing penalties for violations. Overall, these actions help to foster a culture of integrity and trust within society.

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Role of government in regulating ethical practice in Nigeria?

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