AN EXAMINATION OF THE CONCEPT OF FISCAL FEDERALISM AND TAX LEGISLATION IN NIGERIA: A CASE STUDY OF LAGOS STATE

Price: 4000 Naira

ABSTRACT

This work is prompted by the shortage of revenue accruing to the federating units in
Nigeria. It exposes the potential of taxation as an alternative and or additional revenue
source to the federating states in Nigeria. Using the doctrinal method of research, this
work espouses the potentials of taxation as a viable means of generating revenue for the
federating States in Nigeria. The work analyses the problems bedeviling the
implementation of taxation as a source of revenue generation in Nigeria under the current
legal frame work, it reviewed the approach adopted by Lagos State in its quest for fiscal
independence. Based on the review of Lagos State approach, the work provided the
possible solutions to the over dependence of the other states on the revenue accruable
from the Federation Account by providing possible means that other States could use in
other to attain the success of using taxation as a means of achieving fiscal independence as
currently enjoyed by Lagos State. It was found that Nigeria‘s Federal structure allows
states to enact laws on taxation but the laws are over centralized in the federal legislature
based on the interpretation of the provisions of the constitution and the items in both the
exclusive and concurrent legislative list in the constitution. Corruption and absence of
political will affects the ability of the state to obtain optimal tax success in Nigeria. It is
recommended that a Constitutional review will assist in achieving tax prosperity for the
component states, in the meanwhile, an active State House of Assembly that has the
potential of ensuring a tax legislation that is not an infringement of the current legal
regime can assist states in attaining tax prosperity. Good governance and accountability
has the potential of bringing the Nigerian people on board the policy of taxation.

Get Complete Materials

Comments

HOW TO DRAFT EXCELLENT PRELIMINARY PAGES IN RESEARCH WRITING

HOW TO DRAFT EXCELLENT PRELIMINARY PAGES IN RESEARCH WRITING For a research to be termed acceptable to your research coordinator or project supervisor, the preliminary pages of the work must be all encompassing and concise enough to make great meaning. Preliminary pages are those write ups that come before the chapter one of every project or research work. Standard preliminary pages has the following features in these chronological order Cover page Declaration Certification Dedication Acknowledgement Table of contents Abstract s Cover page of the research work The cover page of a research page is the first page of the work which contains: The full topic of the project work. The case study of the project/research work. The researchers/student’s name, starting with the surname and registration number. The institution of study. The year and month the project work was completed. The above specifications must be done with block letters. Below is an example of a cove...

TIME MANAGEMENT TIPS IN RESEARCH: 10 THINGS TO NOTE

TIME MANAGEMENT TIPS IN RESEARCH: 10 THINGS TO NOTE Research work could take the most unexpected twist and turn. It is a nerve-racking experience. Usually, if approached in a haphazard manner, valuable time could be lost. In big research corporations, each researcher has a set of responsibilities and area of focus, this might help and aid timely completion of research work. However, in personal or unstructured research work, these tips on time management are life-saving. Without any bias to any form of research, these tips are generally applicable. 1. Read up! This is the first thing to do to ensure completion of research in the quickest possible timeframe. There is no end to the amount of underground pre-knowledge on any research work to be embarked upon. This will help guide in decision-making during the research. 2. Quite naturally , the first is to make a plan or strategy from the onset. This has been rehashed numerous times. But the key to the plan or strategy working out...

A STEP BY STEP GUIDE ON RESEARCH PROJECT WRITING FOR UNIVERSITIES, COLLEGES OF EDUCATION AND POLYTECHNICS IN NIGERIA

A STEP BY STEP GUIDE ON RESEARCH PROJECT WRITING FOR UNIVERSITIES, COLLEGES OF EDUCATION AND POLYTECHNICS IN NIGERIA Undergraduate research project is an independent effort required of students in tertiary institutions. The students, though supervised by an academic staff, are to carry out a pre-determined research within the constraints of their study. The supervisor is primarily to receive proposals of the research interest, approve it, provide guidance and assess the work at the end. An external supervisor is usual, to provide an external and independent assessment of their research work. The proposal for the topic is to include the intended subject of study, a brief description, justification for the work, aims and milestones, software and hardware to be employed, assumptions to be made, the methodologies involved and the references. There are standards in the research build-up, actual research, and presentation and print submissions. These put the students in shape for th...

Get Your Final Year Project Topic and Materials

Search This Blog