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JAMB Economics 2005 Question 38

Question 38

Public Finance

The monetization policy of the Nigerian government is aimed at

  1. A.encouraging public servants toretire early and become self-employed
  2. B.transferring government's properties to retired public servants
  3. C.reducing government's burden on the provision of fringe benefits to public servants
  4. D.helping government recover properties held by public servants
Show the answer and explanation

Answer: C (reducing government's burden on the provision of fringe benefits to public servants)

Explanation

Monetisation pays public servants cash allowances in place of free houses, cars and other fringe benefits, cutting government's cost of providing them.