IMPACT OF MONETARY POLICIES ON THE NIGERIAN ECONOMY INTRODUCTION: Monetary policy being an economic tool is used to stabilize the economy. It is a tool used by the government through monetary agencies like the Central Bank to control the supply of money in an economy. It is used to bring about economic growth and development through the control of inflation. It impacts the economy cannot over-emphasized. It has very positive impacts on the economy and helps in building a sustainable economy
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The main forms of corruption are bribery‚ fraud‚ embezzlement and extortion. These concepts do sometimes overlap‚ but through them‚ some of the basic characteristics of corruption can be identified. The reason why young people should fight corruption has to do with the fact that it destroys the system of values in society. Youth is part of civil society and carries the future in its hand and the fact that you are able to look at society in a refreshing way allows you to find alternative solutions
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CORRUPTION Corruption is defined as the misuse of any power of public consequence for private gain. Corruption is not something new‚ as per Arthasastra of Kautilya ( around 3rd century B.C) : “Just as it is impossible not to taste the honey(or the poison) that finds itself at the tip of the tongue‚ so it is impossible for a government servant not to eat up‚ atleast‚ a bit of the king’s revenue.” “Just as fish moving under water cannot possibly be found out either as drinking or not drinking
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Shell Oil in Nigeria 1. What are some of the factors explaining why corruption and bribery are so high in Nigeria? Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption‚ bureaucratic corruption‚ electoral corruption‚ embezzlement‚ and bribery. Corruption has even been said to be a viable enterprise in Nigeria due to the involvement of citizens‚ government officials‚ and private
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How Corruption Can be Resolved Corruption can be solved in many ways. One way corruption can be solved is with extensive background checks to see if a government official misused any governmental powers for illegitimate private gain. Considering the fact that some corrupt people still may get in a governmental position because of false information‚ there are others ways to avoid and limit corruption. Another way to limit corruption would be to organize a specialized group of people to investigate
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and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and The National Economic Reconstruction Fund (NERFUND) (Ojo‚ 2011). This makes it Nigeria’s oldest‚ largest and most successful development financing institution (BOI‚ 2012)
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Name: Kiestiko Sri Saptasari NIM: 126030112111011 PART ONE: PRINCIPLES AND CONCEPTS Chapter I: Introducing Economic Development: A Global Perspective 1. How to Other Half Live There are two type of family in the world: the wealth family and the poor one. It is said that over 40% of the world’s population lives on less than $2 per day‚ as a part condition of absolute poverty. The term absolute poverty is a situation of being unable to meet the minimum levels of income‚ food‚ clothing‚
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Five year Plans for Economic Development After the 6.25 war‚ most of all production institution was in ruin condition‚ so the South Korea economic had to start off with a clean state. In 1950s‚ Korea could survive based on U.S.A’s support‚ but when the international balance of payments and the budget deficit expanded‚ U.S.A had to announce to Korea that they will reduce the amounts of the support. For this reason‚ the president of South Korea‚ Park Jung Hee‚ who seized the power through staging
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Methodius Faculty of Economics Marketing Management Project Activities in the Local Economic Development Sector Graduation paper for the course Marketing Management Mentor: Student: PhD. Anita Ciunova-Shuleska Bogeva Sofija 50300 03 February 2011 Contents INTRODUCTION 3 LOCAL ECONOMIC DEVELOPMENT 4 What is Local Economic Development? 4 What is
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fields of international development‚ healthcare‚ and politics. “Warren Buffett‚ probably the world’s most successful investor‚ has said that anything good that happened to him could be traced back to the fact that he was born in the right country‚ the United States‚ at the right time (1930)”. None of us has a say in where he is born‚ but we can do something about it for our children. I therefore wish to discuss each factor associated with quality of life as related to Nigeria and plead for suggestions
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