THE EFFECTS OF GLOBAL FINANCIAL CRISIS ON NIGERIA’S ECONOMY The global financial crisis began in the United States of America and the United Kingdom when the global credit market came to a standstill in July 2007 (Avgouleas‚ 2008). The crisis‚ brewing for a while‚ really started to show its effects in the middle of 2008. Around the world stock markets have fallen‚ large financial institutions have collapsed or been bought out‚ and governments in even the wealthiest nations have had to come up with
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founded the company. It was the first in this country to be offered franchise by an international “soft drink firm”. From a humble beginning as a family business‚ the company has grown to become a predominant bottler of non-alcoholic beverages in Nigeria. The first plant‚ which was sited in Lagos‚ went into operation in March 1953. Coke was the first soft drink to have its own designed shaped bottles‚ which was different from the common trade bottles. In 1972‚ the company went public
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Bibliography: 1. LANDFILL RECOVERY AND USE IN NIGERIA (PRE-FEASIBILITY STUDIES OF USING LFGE) Centre for People and Environment (CPE) 39 iberty Road‚ Oke Ado P.O. Box 3‚ Ibadan‚ Oyo State‚ Nigeria 2. MUNICIPAL SOLID WASTE CHARACTERISTICS AND MANAGEMENT IN NIGERIA by T. Ch. Ogwueleka Department of Civil Engineering‚ University of Abuja‚ Abuja‚ Nigeria 3. TOWARDS SUSTAINABLE WASTE MANAGEMENT IN MY LOCAL COMMUNITY-LAGOS STATE. NIGERIA 4. Evaluation of Solid Waste Generation‚ Categories and
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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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