Nigerian Business Environment Ayeni Adewunmi Hannah & Chikwendu David Outline General Facts Culture & Religion Political System Economic System Industrial Structure Business & Investment Opportunities GENERAL FACTS Location West-Africa. Capital Abuja Population: 2013 Estimate - 174‚507‚539 2006 Census - 140‚431‚790 7th Most Populous country in the world Area: 923‚768km2 356‚667 sq mi Languages Yoruba Igbo Hausa English is widely understood among the educated and
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What is the role of an entrepreneur in economy and society Introduction Entrepreneur is a hot topic for both academic scholars and people ambitious for business success. They are a group of persons who can significantly influence many aspects of economy and society. This paper will critically discuss the role of entrepreneurs by examining their contributions to the economy and society‚ using examples from various articles on the topic. Starting by defining the entrepreneurs to be discussed
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American and Nigerian Culture American and Nigerian cultures are alike in some aspects of life‚ while being dissimilar in other aspects. This idea is clearly exemplified when one compares their own experience and knowledge of culture in America to that description and portrayal of Nigerian culture as seen through Buchi Emecheta’s novel‚ The Wrestling Match. Both of our societies can be looked at as parallel in how teenagers are typically stereotyped‚ rivalry among towns/villages‚ and the attainment
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Nigeria Africa has always had it tough to keep up with the Western Nations. It is plagued by famine‚ corruption and the obvious outcome‚ immeasurable poverty. Of these countries‚ the country that has it worst is Nigeria. Nigeria has many problems such as population and corruption but the main and most devastating conflict they are having right now is their religious conflict. Religious conflict is a problem for the people of Nigeria and possibly and can be addressed by employing military sanctions
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Role of Air Transport in the Economy 1. In an increasingly globalised economy‚ air transport is a vital element of the country’s transport infrastructure. The impact of civil aviation as a sector on the general economic activity has been studied systematically and documented for some of the Western developed countries. By itself‚ the Civil Aviation Sector contributes significantly to the process of development by generating employment opportunities directly and indirectly besides facilitating enhancement
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E-COMMERCE AND TAXATION Thousands of businesses are selling goods and services through electronic commerce‚ including the Web and private electronic networks. Selling through electronic commerce is a rapidly growing channel for sales to both retail consumers and businesses. Since about one-quarter of all state and local revenue comes from sales‚ use‚ and gross receipts taxes‚ the state and local governments are eager to avoid losing any tax revenue to electronic commerce. Traditional
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III. Taxation Introduction Taxation * Defined as the power of the sovereign to impose burden or charges upon persons‚ property or property rights for the use and support of government In order to enable it to discharge its function. Nature of Taxation Power * The power of taxation is both inherent and legislative in character because it has been reserved by the State for it to exercise * It is inherent because the sustenance of government requires contribution from them. *
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Computing Taxable Income 1. Tax Payable You will find this rule in …| Tax is payable on a person’s taxable income|Australia’s Tax Law decrees that every year ending 30 June‚ most people in Australia (and this includes companies) have to pay tax on an amount which the Tax Law calls the person’s “taxable income.” This amount – the person’s “taxable income” for that year – is the end result of a much longer series of steps which the Tax Law prescribes in detail.|s. 4-1| ||| Tax payable =
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BRIC Countries and Their Role in the World Economy Brazil‚ Russia‚ India and China are increasingly becoming significant economies and sources of power in the global world order‚ and it does not make sense to put them on the same level as other developing countries‚ such as South Africa or Mexico. These four countries have made important investments in multiple areas‚ such as infrastructure‚ governance‚ domestic institutions‚ social programs‚ and production that put them at an advantage compared
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it. As the internet crosses the boundaries the main challenges are how can the basic requirements of physical presence and substantial nexus criteria of taxation can be met. The article tries to analyse the key issues in the area of e-commerce taxation. Article alarms the nation that if it is left untaxed it will give rise to a parallet economy. Every industry contributes to the nations economic growth. The communications industry has become very significant and is promising to grow enormously
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