Taxation to every country is bedrock for revenue generation which when adequately carried out could lead to a speedy socio economic development just like in the advanced nations of the world. Ariwodola (2001) described tax as a compulsory levy imposed by the government authority through its agents on its subjects or his property to achieve some goals. Arnold and Mclntyre, (2002) define tax as a compulsory levy on income, consumption and production of goods and services as provided by the relevan... read more

Taxation is considered a veritable source of revenue for financing developmental as well as people oriented programs in virtually all countries, irrespective of whether they are classified as developed or developing economies. History has however shown that individuals often exhibit one form of tax reduction behavior or the other, with series of arguments on the legal, economic and moral consequences of these acts. Tax evasion and tax avoidance reduce government revenues. This has a significa... read more

The recent global crisis in the world has brought to the fore the need to note that this overdependence on oil creates unnecessary shocks and thus, the need for diversification of the nation’s resource base and long term growth path. The oil is an exhaustible and dwindling resource, while taxation is the only non-exhaustible veritable source of resource and revenue generation to the government both at the tiers of government.(Oloyede, 2010:1). Nigeria is a monolithic economy with strong dep... read more

Taxation is one of the major fiscal policies the government of anynation such as Nigeria can use to achieve economic stability and in the financing of capital expenditure. Various taxes are levied upon the income, wealth or gain of an individual, family and business firm by the government for the purpose or benefits of the general public. Tax by a simple definition is a financial charge or other levy imposted upon a tax payer which could be an individual or a legal entity from the point of view... read more

Nigeria as a nation has the vision of becoming one among the world’s 20 largest economies in the year 2020; this obviously is the brain behind the priority attention the present administration is directing at infrastructural development which is essential for economic growth. A developed economy is one with the ingredient to stimulate investment and create wealth, this by implication offers an atmosphere that is business friendly and has the potentials for the actualization of the vision 20202... read more

Nigeria with abundance of resources like crude etc is deemed blessed. Her vast resources in commercial quantities have placed her on a high pedestal among oil producing nations in the world. Her oil and gas industry which has been widely described as the nation’s financial lifeline has helped her attain this enviable position. There are several journals to this and about its role and significance in the Nigeria of today. This has birthed the segmentation of the four key economic segments in Ni... read more

Revenue generation in Nigeria local governments is principally derived from tax. Tax is a compulsory levy imposed by government on individuals and companies for the various legitimate function of the state (Olaoye, 2008). Tax is a necessary ingredient for civilization. The history of man has shown that man has to pay tax in one form or the other that is either in cash or in kind, initially to his chieftain and later on a form of organized government (Ojo, 2003). No system or rules can be effecti... read more

During the pre – Babangida administration years, the Nigerian currency was above the dollar and at par with the pound, but now, the naira seems to be tumbling down the abyss. Exchanging for #44 to the United States dollar and #120 to the pound sterling in the parallel market as at October 1994 and despite the official rate for the pound sterling at 336 to one dollar and #68 to one pound in the official market. The question is how did we get to this present stage? What happened between 1995 and... read more

The concept of internal control system is becoming increasingly useful in the practice of modern audit that it will be worth while understanding the subject matter and the role it plays in the effective management of a business enterprise. The existence of internal control system in an organization is of great assistance to both the management and the auditions of such an organization. Not only does it aid the management in the process of decision making, it also provide a base upon... read more

Taxes in modern economics are the most important source of government revenue. The are compulsory levies that are regularly imposed, and as a rule, not designated for a special purpose they are regarded as a contribution to the general revenue pool from which most government expenditure are financed. Taxation occupies a principal position in the Nigerian economy as in other countries. Value – Added –Tax was introduced in Nigeria currently to replace the old sales tax. The old sales... read more

Management should be particularly interested in knowing the financial strengths of the firm to make their best use and to be able to spot out the financial weakness of the firm to take suitable corrective actions. Thus, Economic analysis is the starting point for making plans, before using any sophisticated forecasting and budgeting procedures. The strength and weakness of the firm need to be understood, so that the firm will be at equilibrium through the use of the strengths. To proper advan... read more

This researcher work was embarked upon to study the efficiency of monetary policy in controlling inflation in Nigeria. The need for this study was informed by the trend of inflationary growth over the years, the impact of inflation on the achievement of the four basic goals of monetary policy: economic growth, price stability, inflationary rate or favourable balance of payment. May research work have been carried out on this issue previously but despite all good policies of government and ... read more

This study, an analysis of development in Nigerian balance of payment (1995 – 1999) was carried out to assertion whether Nigeria has been paying her wages internationally to examine the statement with a view to determine what recent developments have taken place in Nigerians foreign trade and others transaction with the rest of the world. Information was collected using literary method i.e. various publications, textbooks newspapers, magazines and journals. Also, oral interviews were ... read more

This study examined the effect of capital structure on corporate performance with reference to selected companies in Onitsha, Questionnaires and interviews were used to collect information from the selected companies in Onitsha, Anambra State. Analysis and observations were made which gave rise to the validity of the conclusion at the end of the analysis, the major finding were: 1. That these is a relationship between capital structure and cost of capital. 2. ... read more

Central banks are general known to be concerned with the maintenance of monetary stability. This task involves the regulation of money in circulation consistent with the absorphic capacity of the economy axiomatically, excessive growth in money supply rates to high rates of spending on domestic or foreign goods given that domestic supply of goods and services in essentially in elastic in the short run, excess liquidity is likely to result in substantial inflationary is likely to result in subs... read more

Nigeria as a nation is characterized by a developing economy due to the fact that the various sectors responsible for economic development are not optimally utilized as a result of which we have not being able to tap fully the natural resources that Nigeria is blessed with as it could increase our national earnings leading to an increase in per capita income instead. We have a reverse situation were there is low per capital income. Low standard of living increase in the level of insecurity etc. ... read more

For any economy to remain afloat in its bid for survival m today's globalization, deregulation and liberalization of markets, it needs to have an efficient financial system to direct the allocation of its resources capital markets and institutions, of which the stock exchange is an integral part of and have become of, paramount importance in a dynamic economy as Nigeria. The capital market is a sub-set of financial system that provides the accelerated growth of the economy. This is done by ef... read more

For any economy to remain afloat in it’s bid for survival in today’s globalization, deregulation and liberalization of markets, it needs to have an efficient financial system to direct the allocation of its resources capital markets and institutions, of which the stock exchange is an integral part of have become of, paramount importance in a dynamic economy as Nigeria. The capital market is a sub-set of financial system that provides the accelerated growth of the economy. This it does by ... read more

This work was aimed at evaluating tax payer’s perception on value added tax system in Nigeria in 1993. The federal government promulgated a decree in respect of the introduction of VAT which is a tax on the consumption of good and services. This was in view of the remedies benefits which could be divided from the exercise. Prior to the introduction for vat sales tax system was in operation but tax expected see it as being to narrow and was also unable to generate the expected reverse gove... read more

Ta x is a compulsory payment made on different bases and rates by citizens (Corporate bodies and individual s) to government, non negotiably but obligatorily. This payment is not on the basis of direct exchange for the payment for goods and services. It is non negotiable because none of the citizens has any direct contribution to the composition of the bases and rates of payment. Government only classifies the items on which the tax is t o be paid, and the category of citizens that should ... read more