grows with the constant change in the economic environment in which it operates‚ hence the need to review the regulating instruments from time to time. Nigeria is governed by a federal system hence its fiscal operations also adhere to the same principle‚ a fact which has serious implications on how the tax system is managed. The country’s tax system is lopsided‚ and dominated by oil revenue. It is also characterized by unnecessarily complex‚ distortionary and largely inequitable taxation laws that
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recent cashless policy of the Central Bank of Nigeria CBN has generated mixed reactions‚ controversies and public debates over the citizens’ preparedness and relevance of the policy. For1 instance‚ public argument on the one hand is that banking services in Nigeria are faced with low penetration‚ financial exclusion and poor infrastructure. Notwithstanding‚ the CBN has made it known that there is no going back on the policy because of the enormous challenges and cost associated with the cash based system
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Brief Historical Background of Local government System in Nigeria Regardless of nomenclature‚ local government is a creation of British colonial rule in Nigeria. It has overtime experienced change in name‚ structure and composition. Between 1930s and 1940s‚ for instance‚ local government was known as chief-in-council and chief-and-council‚ where traditional rulers were given pride of place in the scheme of things. In the 1950s‚ election was introduced according to the British model in the western
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is to ensure that all taxpayers‚ within a defined tax jurisdiction‚ are brought into the tax net and assessed correctly in order to block all possible leakages. Generally‚ taxpayers are categorized according to the legal status of their businesses. In this research work we are interested in Corporate Entities/Public Companies which are limited liability companies or public companies registered with profit - motive in mind. Their tax affairs are being handled by the Federal Taxing Authority
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Taxation plays a very important role in the economic life of a developing country like Nigeria. Today Nigeria is indeed in need of effective and efficient tax system in order to generate enough revenue that will finance economic growth and development. There is the urgent need in the country to evolve new approach for handling various tax issue dealing with both compliance and planning work. The use of Tax in National development is increasing and further introduction of new technology will ensure
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CHALLENGES OF MEDIA WOMEN IN NIGERIA By ANIMASHAUN Rofiah‚ Olateju IFRA- Research Fellow‚ Peace and Conflict Studies Programme‚ Institute of African Studies‚ University of Ibadan‚ Ibadan‚ Nigeria. rofiatanimashaun@yahoo.com[->0] +234-8038-8166-28 +234-8051-3756-70 Abstract Recent survey shows that the number of women
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SESSION Course Code: PAD 211 Course Title: Public Administration in Nigeria Unit: 3 Units Course Lecturers: JOSHUA‚ Segun and Mrs Exellence-Oluye Nchekwube Semester: Alpha Time: Tuesday 8am - 10am and Thursday 12 noon -1PM Location: Tuesday G201 and Thursday G301 Brief overview of the course: The course examines the origin‚ scope and growth of Public Administration in Nigeria. It gives a purview of Public Administration from colonial era till date. It discusses the
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ABSTRACT This paper examines the Tax Implications of E-Commerce. The issue of e-commerce and its tax implications continues to receive a high level of attention because of the fast growth of e-commerce activities. In the emerging global economy‚ e-commerce has increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations
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JORIND (9)1 June‚ 2011. ISSN 1596-8303. www.transcampus.org/journals. www.ajol.info/journals/jorind THE CHALLENGES OF ADOPTING INTERNATIONAL FINANCIAL REPORTING SYSTEM IN NIGERIA Anthony O. Garuba Department of Accounting and Finance‚ Western Delta University‚ Oghara‚ and Pat Donwa Department of Accounting‚ University of Benin‚ Benin City E-mail: anthonygaruba@yahoo.com Abstract Nigeria is going to adopt International Financial Reporting Standard (IFRS) from 1st January 2012. Globalization and Information
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CHALLENGES OF MICROFINANCE BANKING IN NIGERIA-1 Nigerians‚ like many other Africans are generally known as their brother’s keepers in view of the extended family system. But when truly analyzed‚ there is a possibility that this may not be so? Perhaps a hypothetical deep may reveal that not up to 10% of Nigerians would invest in ventures or people that would yield them nothing in return and here I mean‚ “Returns in the short run or in the immediate”. The returns may be financial‚ emotional‚ spiritual
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