Taxation As An Alternative To Dwindling Oil Revenue In Nigeria

65 pages Chapters 5 ID: ACC1349

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DepartmentAccounting
TypeProject
Pages65
Chapters5
FormatMS Word & PDF
Reference No.ACC1349

Abstract

CHAPTER ONEINTRODUCTION1.1   BACKGROUND TO THE STUDYNigeria is currently not enjoying the best of times. The country is presently suffering the adverse effects of the dwindling revenue from crude oil and gas sector, which today accounts for about 95 percent of its revenue. The fallen price of crude at the world market has orchestrated the devaluation of the Naira and increased inflation. The manufacturing and other productive sectors are worst hit because, as the country is highly import dependent, they find it extremely difficult to bring in raw materials, especially now that the central bank…

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