•  
  •  
 

Bullion

Keywords

External sector policy, Nigeria, Budget.

Abstract

The paper briefly reviews the performance of the external sector in the first half of year 2000 and then goes on to appraise the external sector policy measures in the federal budget for the year under review. The study reveals that the The Presidential directive on government ministries, departments and agencies to-Patronise home-made goods as first choice is commendable. The paper suggests that if monitoring mechanisms are put in place, it will ensure full compliance. Private sector operators, individuals, should be encouraged to take a cue from government departments. The Year 2000 customs tariff measures largely address the concerns of manufacturers in relation to the inadequacies of previous tariff review exercises. Raw material imports generally attracted reduced tariff rates. The paper suggests that outstanding anomalies in the tariff policy should be redressed, and greater dialogue between government and the organized private sector on such matter is desirable.

Author Bio

The Author is a staff of NCEMA

Publication Title

CBN Bullion

Issue

2

Volume

24

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.