Government accountability to the people and the constitution are necessary for fiscal discipline. Unfortunately, it is very difficult to secure such accountability from governments whose primary source of income is not income taxes (that is, public revenues do not come directly from the people) but royalties from the exploitation of natural resources (such as oil). Where the bulk of public revenues are derived from royalties paid primarily by foreign or transnational firms, it is very difficult for citizens to check on the exercise of government power and force accountability.
On Thu, Jan 7, 2016 at 9:45 AM, Oluwatoyin Adepoju <oluwasrividya@gmail.com> wrote:
------------ Forwarded message ----------
From: Alukoro Agbaye kakakiaye@gmail.com [NaijaElections] <NaijaElections@yahoogroups.com>
Date: 7 January 2016 at 14:33
Subject: [NaijaElections] What Nigeria needs now is fiscal discipline, not borrowing, says IMF Managing Director
To: NaijaElections@yahoogroups.com
What Nigeria needs now is fiscal discipline, not borrowing, says IMF Managing Director - See more at: http://www.bodedolu.com/#sthash.FHoaajNE.dpuf
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JOHN MUKUM MBAKU, ESQ.
J.D. (Law), Ph.D. (Economics)
Graduate Certificate in Environmental and Natural Resources Law
Nonresident Senior Fellow, The Brookings Institution
Attorney & Counselor at Law (Licensed in Utah)
Brady Presidential Distinguished Professor of Economics & John S. Hinckley Fellow
Department of Economics
Weber State University
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(801) 626-7442 Phone
(801) 626-7423 Fax
J.D. (Law), Ph.D. (Economics)
Graduate Certificate in Environmental and Natural Resources Law
Nonresident Senior Fellow, The Brookings Institution
Attorney & Counselor at Law (Licensed in Utah)
Brady Presidential Distinguished Professor of Economics & John S. Hinckley Fellow
Department of Economics
Weber State University
1337 Edvalson Street, Dept. 3807
Ogden, UT 84408-3807, USA
(801) 626-7442 Phone
(801) 626-7423 Fax
Listserv moderated by Toyin Falola, University of Texas at Austin
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