Petroleum Profit Tax Administration In Nigeria: An Empirical Evaluation

CHAPTER ONEINTRODUCTIONTaxation is one of the oldest and most important sources of government revenue in Nigeria. It has been in existence even before the amalgamation of Nigeria in 1914 as a political entity. It occupies a central place in the revenue generation of the government and control.Oil and crude oil production and the revenue derived from it remains the prime mover of Nigeria economy. as at today the country’s major balance of payment, exchange rate policy, monetary and fiscal policies are dependent on revenue from oil.Revenue from oil has played a vital role in the execution of var…