You might claim that it has a small population but it does not mean that Nigeria, if well planned, cannot beat Norway. It is also about leveraging the lives of people with whatever a country has as its raw or natural endowment that beats others in terms of comparative advantage.
If you can’t call it petrol subsidy in Nigeria, call it “Tax Refund on Reasonable Consumption Pattern”; that means while maintaining “market forces’ rate” on pricing of petroleum products, people can still get refunded every month on what they spent in relation to what is seen as reasonable consumption pattern based on the receipts they turn in for tax refund.
Coming closer, West Africa with Côte d’Ivoire doing better than Nigeria, in terms of HDI, and, as well, an oil producing nation, its oil input to its GDP is quite minimal, with services dominating its GDP with over 50%, proving that it is more trusted in ease of doing business than Nigeria. Hence, investors could confidently come and improve on building more houses, schools, roads, and other factors that make HDI better.
Follow 4 follow back
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »