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United Staes, European Union and Others Enjoy Subsidy Also by NumberOne2(m): 11:40pm On Jan 12, 2012 |
I laugh when I see folks living outside Nigeria saying we should accept the PMS subsidy removal. I bet a lot on Nigerians in foreign lands didn't know this. Your Government subsidizes your food. Without it, you could feed. The only subsidy Nigeria gets is from refined products. See for yourself http://en.wikipedia.org/wiki/Agricultural_subsidy Highlights: The United States currently pays around $20 billion per year to farmers in direct subsidies as "farm income stabilization In 2010, the EU spent €57 billion on agricultural development, of which €39 billion was spent on direct subsidies The impact of agricultural subsidies in developed countries upon developing-country farmers and international development is well documented. Agricultural subsidies depress world prices and mean that unsubsidised developing-country farmers cannot compete; |
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