THE AGRICULTURAL POLICY IN NIGERIA AGRICULTURE IN NIGERIA: THE NEW POLICY THRUST 1.0 PREAMBLE Agriculture in the context of the economy is tied with the various sectors and is essential for generating broad based growth necessary for development. Agriculture I~ fundamental to the sustenance of life and is the bedrock of economic development‚ especially in the provision of adequate and nutritious food so vital for human development and industrial raw materials for industry. Sustainable agricultural
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1. (Monetary Aggregates) Calculate M1 and M2 using the following information: Large-denomination time deposits $ 304 billion Currency and coin held by nonbanking public 438 billion Checkable deposits 509 billion Small-denomination time deposits 198 billion Traveler’s checks 18 billion Savings deposits 326 billion Money market mutual fund accounts 637 billion 2. (Reserve Accounts) Suppose that a bank’s customer deposits $4‚000 in her checking account. The required
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ROLE OF NAFDAC IN AIRFREIGHTING IN NIGERIA PRESENTED BY PROFESSOR DORA N. AKUNYILI (OFR) DIRECTOR-GENERAL (NAFDAC) AT A ONE-DAY SEMINAR ON OPTIMISING OPPORTUNITIES FOR AIRFREIGHT IN NIGERIA ORGANISED BY NIGERIAN SHIPPERS’ COUNCIL 24TH AUGUST 2006 INTRODUCTION: It gives me great pleasure to be invited to present a paper at this one day sensitization seminar with Theme Optimizing opportunities in the Airfreight industry‚ organized by the Nigerian Shippers Council for importers/exporters‚ operators
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same way every economy set out goals‚ which it achieves‚ through various means. Vibratory and fiscal policies are the stimulant to any nation economic development‚ especially with regards to Nigeria. However‚ in this study‚ the attention of this is mainly on the influence of deregulation on banks profitability in Nigeria. The discussion on the deregulation can be effectively carried out without understanding what monetary policy is all about. In this content‚ monetary policy could be defined
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Question 1 (5526021): An easy money policy (low interest rates) will __________ the value of the dollar and increase exports from the United States‚ but will discourage foreign investment in the U.S. Type: Multiple Choice Points awarded: 0.00 / 1.00 Your Answer(s): [No answer submitted] Correct answer(s): increase maintain decrease none of the above Question 2 (5526037): According to _____________ ‚ a “monetary rule” would be very constraining for the Fed and would only increase
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Assignment -IV Review of current Fiscal and Monetary policies in Nepal The bank has been formulating and publicly announcing monetary policy on an annual basis since 2002/03 with the major objectives of maintaining price stability and external as well as financial sector stability and to create a favorable environment for high and sustainable economic growth as directed by NRB Act‚ 2002. Narrowing down of current account deficit for the improvement of export and remittances inflow had resulted
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IMPACT OF GOVERNMENT POLICY ON ECONOMY A. INTRODUCTION Generally‚ policies and strategies of Nigerian government towards development are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria‚ foreign capital in the form of technical skills‚ entrepreneurship‚ technology and investment fund to boost economic activities thereby‚ rising the standard of living of Nigerian. This can
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briefly compare monetary policy in the euro area and in the US. Of course there are differences between the two areas‚ but there are also important similarities. This comparison can help us understand the reasons behind their differences and may provide some useful insights into the institutional implications for euro area monetary policy in the future. I will structure my remarks around three themes: the policy goals of the two monetary unions‚ their organization‚ and the monetary policy decision-making
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4.2 MAJOR CONTRIBUTIONS OF MINERALS TO THE ECONOMY IN NIGERIA Mineral resources contribute majorly to the Nigerian economy in d following ways; 1) Sources of raw material for allied industries As we can see from the minerals highlighted above‚ minerals are major source of raw materials in industries e. g gold used for jewelries‚ limestone for cement‚ and so on. Organic deposits like coal and petroleum products like natural gas are used in powering machines in the industries. The raw materials
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The Impact of Monetary Policy on Income Inequality Introduction: Monetary policy is a widely implemented method of controlling inflation. Economists argue that the use of monetary policy and the subsequent changes in the interest rate have had a significant impact on income and wealth inequality among individuals. This critical analysis aims to analyse the impact of monetary policy on inequality by looking into the effects of expansionary and contractionary policy on income inequality. Expansionary
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