Most evident were the 97.3 percent cumulative reduction in monthly rice import bills, 99.6 percent in fish, 81.3 percent in milk, 63.7 percent in sugar, and 60.5 percent in wheat. We are glad with the accomplishments recorded so far. Accordingly, this policy is expected to continue with vigor until the underlying imbalances within the Nigerian economy have been fully resolved; 21  26.
It was widely anticipated that the Australian economy would be affected by these developments. Even if one was optimistic about the Australian economy in a relative sense, it seemed pretty unlikely that we could escape a significant impact from such an international downturn.