Imo, state, southern Nigeria. Imo is bordered by the states of Anambra to the north, Abia (until 1991 part of Imo state) to the east, and Rivers to the south and west. The British first entered the territory in 1901, when they established a military post
important local exports, but yams, cassava (manioc), corn (maize), citrus fruits, palm produce, rice, fish, and beef also are traded in the Onitsha market. The market building, one of the largest in Nigeria, was destroyed in 1968 in theNigerian Civil War(1967–70), but it was rebuilt...
Significant exports of liquefied natural gas commenced in late 1999, and these are slated to expand as Nigeria works to eliminate gas flaring. The Nigerian financial system, which is critical to the domestic economy, remains relatively stable. Overall macroeconomic performance was satisfactory in 2010...
Current Health Expenditure: Current Health Expenditure (CHE) describes the share of spending on health in each country relative to the size of its economy. It includes expenditures corresponding to the final consumption of health care goods and services and excludes investment, exports, and intermediat...
Personal Income Tax: A tax payable by all individuals and registered businesses and partnerships except those registered under Part A of Companies and Allied Matters Act 1990. Its rate is between 7% & 24% Education Tax: A tax chargeable on all companies registered in Nigeria at 2% of chargeable...
domestic fuel requirements because none of the four refineries have functioned efficiently. the high oil import bill exposes nigeria’s energy sector to the external energy price shocks. nigeria has the ninth largest natural gas reserve in the world and exports large quantities of liquefied natural ...
The theory asserts that integration into international trade comes with huge costs to firms and only highly efficient firms can absorb these costs profitably. Empirically, firms that engage in exports and or imports could afford the fixed costs of foreign trade, giving them a chance to achieve ...
except during the dry season.Riversdraining the area north of the Niger-Benue trough include theSokoto, theKaduna, theGongola, and the rivers draining intoLake Chad. The coastal areas are drained by short rivers that flow into the Gulf of Guinea. River basin development projects have created ...
During the colonial period African economies became clustered around a bimodal structure, which provided better opportunities to the poor in countries whose production was based on the development of labour-intensive smallholder exports than in countries whose growth strategy was based more on capital-...
24 Indirect Taxes and Duties CUSTOM AND EXCISE TAX Item Comment / Description Filing requirements [S 125] Due date for payment [S 17b General Excise Regulations, CEMA] Exports Expansion Grant (EEG) Excise Duties Unit Cost Analyses (UCA) are agreed periodically with the Nigeria Customs Service. ...