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Natural resources allocation

A grey area which potentially opens the door to corruption is arbitrary allocation of natural resources by way of discretionary quotas or bending the rules. Many of the scams of the last decade were l

A grey area which potentially opens the door to corruption is arbitrary allocation of natural resources by way of discretionary quotas or bending the rules. Many of the scams of the last decade were linked to different natural resources. These scams saw the nation's natural resources being sold off for a song often without legal procedures.

The new Government should ensure that arbitrariness goes and the process of allocation or auctioning natural resources becomes transparent through competitive bidding. A policy framework needs to be devised that ensures both the nation and the buyer of the resource end up as gainers.

Equitable distribution of the natural resource is an important consideration for everyone, especially citizens who will also be consumers. The allocation of natural resources should not be done with the sole objective of profit maximisation.