These include profits accruing in‚ derived from brought into or received from a trade‚ business or investment. Also companies paying dividends to its shareholders are first obliged to pay tax on its profits at the companies tax rate. Generally‚ in Nigeria Company dividends or other company distribution whether or not of a capital nature made by a Nigerian is liable to tax at source of 10%. However dividends paid in the form of bonus share or scrip shares to individual
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Development and Social Welfare Programmes in Nigeria****** National Youth Service Corps (NYSC) Historical Background The National Youth Service Corps is a scheme set up by the Nigerian government to involve the country ’s graduate – youth‚ in the development of the country. It is an organization that was established to ensure improved ties among the Nigerian people through her beloved youth‚ following the unfortunate event of the Civil War (July 1967 – 15 January 1970). General Yakubu Gowon’s administration
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banking sector plays an important role in financing the investment projects‚ successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reforms has been to ensure financial stability so as to influence the growth of the economy and also enhance banks to play a critical role of financial intermediation in Nigeria. However‚ despite the fact that Nigerian banks have undergone series of restructuring/reforms aimed at
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In the last months of 1929‚ tens of thousands of Igbo women from Calabar‚ Owerri and other provinces in southeastern Nigeria traveled to the town of Olonko to protest and lead “a war” against the British colonizers who implemented an alien system of government and whom they accused of excluded them from their role in the political systems of the new government. The women also protested to amend their hardships by the colonizers. The protests were fairly symbolic and ritualistic in notion‚ but on
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of revenue generated by the government for the provision of infrastructural facilities. One major source of generating this revenue is taxation. According to Azubike (2009)‚ tax is a major source of government revenue all over the world‚ including Nigeria. Government use tax proceeds to render their traditional functions such as the provision public goods‚ maintenance of law and order‚ defense against external and internal aggression‚ regulation of trade and business to ensure social and economic justice
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Contemporary issues in Nigeria public administration. Title: Meritocratic abuse in the Nigeria public sector BY EKANEM VIVIEN ONYINYE Matric no: 2004/Degree/DL0766 Department of public administration and local government University of Nigeria Nsuka. A seminar paper presented in the partial fulfillment of the
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equitable revenue allocation in Nigeria. It is an issue which has been politicised by successive administrations in Nigeria both Military and civilian regimes. Indeed‚ in virtually all federations in which the constitution shares power between the central and regional or state governments and‚ for each level to be “within a sphere co-ordinate and independent” (Wheare 1963:93) enough resources need be allocated to each tier to justify their existence. For many years‚ Nigeria has been searching for an equitable
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someone who is 18 and above but to others it involves a greater part of the teenage years. You would agree with me that Nigerian Students in these various tertiary institutions make a great number of the Youth in Nigeria. That says at least that we value education to an extent in Nigeria. But in reality‚ not all students admitted into the tertiary are above the age of 18 years. Some are even as low as 14 year of age. It is this “youth” that are the most seen during elections because they are on the
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Opportunities in the Industrial Cassava Market in Nigeria Henk Knipscheer‚ C. Ezedinma‚ P. Kormawa‚ G. Asumugha‚ K. Makinde‚ R. Okechukwu‚ and A. Dixon International Institute for Tropical Agriculture 2007 1 Contents Contents...........................................................................................................................................2 Acknowledgements.....................................................................................................
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substantial source of protein to complement Nigerian carbohydrate meals. Sadly Nigerians inclination to go into business in the fields where thousands have already made their fortune has led to the ulter neglect of such lucrative area of snail farming in Nigeria or export at international market. Many people see snails here and there. Some people take it as meat. But quite a number don’t know how to go about rearing them. This is made worse because snails‚ which belong to the family of animal called MOLLUSCA
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