in Nigeria “Nigeria’s oil production reached 2.1 million barrels per day in 2010.” Nigeria is currently the sixth largest crude oil producer and it is the top oil producer in Africa. Similar to Bougainville Island‚ Nigeria is being exploited by many western countries and their multinational corporations because of their rich natural resource. Oil wasn’t the first thing that was exploited in Nigeria; in 1471 Portuguese traders landed near the Niger Delta‚ the southern tip of Nigeria‚ and
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The economy of Nigeria is a middle income‚ mixed economy emerging market with well-developed financial‚ legal‚ communications‚ transport‚ and entertainment sectors. It is ranked 31st in the world in terms of GDP (PPP) as of 2009‚ and its emergent‚ though currently underperforming manufacturing sector is the second-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past
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Media corruption - other side of the coin ‘Whoever controls the media‚ controls the mind” In today’s world‚ the media has become a necessity just like food‚ clothing‚ and shelter. The media was ideally designed to be impartial and unbiased – to provide information‚ news‚ and knowledge that is objective and socially constructive. Unfortunately‚ in recent times‚ because of its money making approach the media has adopted a biased approach that is benefitting politicians and the corporate leaders
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News of the decision in the legal case Brown v. Board of Education shook the country‚ the decision that ended segregation. However‚ many resented the decision‚ doing everything they could to prevent desegregation. Even with the negative reactions toward the Brown case‚ black people claimed it was a major victory for them. It took several years before most integration in schools took place. It wasn’t until many schools were threatened with the loss of their funding or had troops sent to their schools
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its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key producer of rice‚ cocoa and palm-oil in West Africa. (See Appendix 1).Nigeria belongs to a number of economic blocs
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TAXATION AND FISCAL REGULATIONS IN NIGERIA INTRODUCTION The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law‚ taxation is enforced by the 3 tiers of Government‚ i.e. Federal‚ State‚ and Local Government with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree‚ 1998. Of importance at this juncture
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While corruption is said to generate inefficiency and retard growth in a country (Ackerman‚ 1997)‚ China manages to deliver astronomical economic growth amidst rampant corruption (Li‚ Peng‚ 2001). To explain China’s puzzle‚ the essay first focuses on the causes of corruption and why it has yet to be eradicated‚ and then analyzes its economic impact in the short and long run. The rise of corruption in China can be attributed to the structure of its economic institutions. Starting off with a unified
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$94 billion)‚ in corruption‚ tax evasion and bad governance during the last four years of Prime Minister Yousuf Raza Gillani’s tenure.[10] An adviser of Transparency International acknowledged that "Pakistan does not need even a single penny from the outside world if it effectively checks the menace of corruption and ensures good governance".[10] The Transparency International also noted that the four years of the present regime under Gilani had been the worst in terms of corruption and bad governance
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absolutely.â€? In 2010 India was ranked 87th out of 178 countries in Transparency International ’s Corruption Perceptions Index It is not easy to define corruption. But in a narrow sense‚ corruption is mostly concerned with ‘bribery’ and it takes several forms. Corruption is a global phenomenon and it is omnipresent. Corruption has progressively increased and is now rampant in our society Corruption in India is a consequence of the nexus between Bureaucracy‚ politics and criminals. India is
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The Link Between Corruption and Poverty : Lessons from Kenya Case Studies INTRODUCTION "One thing can be said-the mere fact that corruption has become an item of national preoccupation is paradoxically the first real achievement by Kenyans over corruption" Since the end of the last decade the emphasis has moved from building public awareness on corruption issues to understanding the nature of corruption and its effects on the economy‚ society and politics; understanding the nature of the beast
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