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How the Federation Account is killing state innovation in Nigeria - Source News

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How the Federation Account is killing state innovation in Nigeria

Nairametrics•about 2 months ago•centre•Credibility: 75/100

All revenues earned by Nigerian federating units, apart from Personal Income Taxes, are paid into the Federation Account. Therefore, Petroleum Profit Tax (PPT), Royalties, Oil & Gas rents, Company Income Tax, Value Added Tax, Customs Duty, and other taxes are all directed into the Federation Account. The post How the Federation Account is killing state innovation in Nigeria appeared first on Nairametrics.

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How the Federation Account is killing state innovation in Nigeria

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