REVENUE ALLOCATION FORMULA IN NIGERIA INTRODUCTION Prior to the discovery of oil in Nigeria‚ other sectors of the economy thrived. Agriculture‚ for instance‚ was a major source of revenue for the Western Region. The Eastern Region that was less endowed devised other sources of revenue. All this has however changed since the discovery of oil in the country. This has led to the demise of the other productive sectors of the economy. In fact‚ Nigerians are poorer today than they were in the pre-oil boom
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William Safire’s “The Threat of National ID” Comprehension 1. According to Safire most people are willing to give up their privacy “in return for greater safety. That’s why we gladly suffer the pat – downs and ‘wanding’ at airports”. Such precautions contribute to our peach of mind. He believes that law enforcement officials are already taking advantage of this situation. He says that Police are “unconcerned with the sanctity of an individual’s home” and developed “heat sensors to let them
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Provide an example. According to Johnson‚ policy cycle is the sequence of activities involved in making and revising public policies. Basically it is a process‚ that goes through number of steps‚ from a starting point‚ where the makers of the policy begin to think of problem that need policy to a end point‚ where the policy has been applied and makers believe it will have positive impact on the society. Johnson also stated that the policy cycle goes through three early stages that are agenda setting
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Internet & Email Threats Definition of a Computer Virus A program that infects a computer by attaching itself to another program‚ and propagating itself when that program is executed. A computer can become infected by files downloaded over a network‚ or by the installation of new software or floppy disks that are infected with viruses as well as email attachments. Some viruses are only pranks‚ and perform harmless actions like displaying a screen with a joke message on it. Others can destroy
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4.2. Diversifying revenues In recent years it has been widely believed that airports have become increasingly reliant on non-aero revenues. Over the past 15 years‚ the proportion of revenue derived from aeronautical activities has slightly increased indicating that the share of revenue derived from non-aeronautical activities has decreased. Financial crises‚ tough competition coming from neighbouring airports and pressure on lowering airport charges from LCCs‚ have put a dent in airport’s aeronautical
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Revenue Recognition & Theories of Accounting The Joint Project Revenue recognition requirements in US generally accepted accounting principles (GAAP) differ from those in International Financial Reporting Standards (IFRSs); the former consists of broad concepts whereas IFRSs contain fewer standards‚ but applying the two main standards to complex transactions were difficult and needed improvement (Australian Accounting Standards Board‚ 2010). Accordingly‚ the International Accounting Standards
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What is the Product Life Cycle? Why the Product Life Cycle is a concept closely related situation analysis and the marketing mix? The Product Life Cycle is a concept that describes the stages in which a product generates revenue. There are four stages in the product life cycle. The stages are the Introduction‚ Growth‚ Maturity and Decline. The Introduction stage is the used to create an awareness of the product and inform clients of the benefits of purchasing their particular brand. At the introduction
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many presidents were involved in. Nowadays‚ there are presidents who still decide to risk their lives doing their jobs to try and improve America. There may not have always been an attempt on a president’s lives‚ but there have definitely been many threats‚ which keeps the Secret Service on alert. America always mourns when its leader is wounded. Presidential assassinations first began 1865 and the last one to take place was in 1963. It may seem like a whole lot of time but in these 98
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The Product Life Cycle Product life cycle is made based on the biological life cycle. Most projects goes through similar stages on the path from origin to completion. Johnson (2012) stated that product life cycle (PLC) is a trend whereby a brand new and original product become out-of-date and gradually obsolete (Johnson‚ 2012). There are four major phases in the project life cycle as shown in Figure 1 (refer to Appendix). These major phases are introduction stage‚ growth stage‚ maturity stage and
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peasant of his surplus produce (produce over and above the subsistence level) in the form of land revenue which was the main source of state’s income. Early British administrators regarded the land revenue as rent of the soil because they had a notion that the king was the owner of the land. Subsequent studies of Mughal India have shown that it was a tax on the crop and was thus different from the land revenue as conceived by the British. Abul Fazl in his Ain-i Akbari justifies the imposition of taxes
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