Thursday, January 12, 2012

Subsidy & othe Terms Defined

WHAT IS ALL THIS OSTREPEROUS, HULLABALO AND DIN ABOUT TERMS WE CANNOT UNDERSTAND IN OUR DIALECTS? SUBSIDY, DEREGULATION, PRIVATIZATION, COMMERCIALIZATION & MONETIZATION? I sought the help of standard bearers in English and here is what they have to say.

In view of the understanding or misunderstanding of terms been used in the light of the present imbroglio among Nigerians in the c-RISES some exp...lanations is urgently needed. This is in view of the fact that a popular musician once sang: “Grammar(English) no be our Language” Another very popular musician during the (NLC/TUC) Jamboree here in Lagos simply puts it, “Mi ngbo Oyinbo” (I don’t understand English). So this my little contribution.
• SUBSIDY
Money Given By Government: a grant or gift of money from a government to a private company, organization, or charity to help it to function.
Help With Expenses: a monetary gift or contribution to somebody or something, especially to pay expenses
• Money wei government give private company (another person, no be your own) or organization or free money to help government work.
CBN Governor (Sanusi Lamido) Now Live on Channels TV just said “No more father Christmas.”

• DEREGULATION
Free From Regulation: to free something such as an organization or industry from regulation
• PRIVATIZATION
Take Something Out Of State Control: to transfer to private ownership an economic enterprise or public utility that has been under state ownership.
• COMMERCIALIZATION
Apply Commercial Principles To Something: to apply business principles to something or run it as a business.
Use For Profit Only: to exploit something for financial gain

• LIBERALIZATION
Reform: to reform and become less strict, or reform something and make it less strict
• MONETIZATION
Convert Debt Into Available Money: to convert a government debt into available currency, especially by issuing securities.

...EARN-JOY...

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