One of the sources of revenue to local governments is income from their commercial activities. a big part. License and internal revenue; registration and license fee, arms and ammunition license fees, Interest and repayment;interest and repayment of loans granted to state government and government workers, Rent on government properties;rent of government offices, federal government land fee, rent on government vehicles, Armed forces; sales of small weapons, sales of armoured tanks etc, Miscellaneous;all other income not mentioned, Statutory allocation;  this is the grant from the federal government  to the state government, Interest and repayment of loans and granted to workers, Statutory allocation from federal government, Give five sources of revenue to the federal government, https://passnownow.com/classwork-support/, Schools in Niger State To Resume For Third Term October 4, The Impact of Artificial Intelligence on the current Education system, International Merit Scholarship: University Of Memphis, Lagos State Government Launches N5 Billion support Capital for Education Sector, Bauchi reopens primary, secondary schools.

���B��)���`Ю�g�5�(^�S1�,�=�q�ղl&{���Yw��EzL�gH`�g��\�z�Ċwnk�a� \ji�2�(-.ޜ����ޜ�$(�U���L�d��\��y=��fUgW� +�O���q^!�P����Ec�mht�?�&�T���V)�n�P-k�qs+Y�:� (&. A local government can obtain loans from financial institutions to enable them to finance development projects such as water supply, rural electricity, construction of roads and provision of health facilities. The more lucrative sources of revenue potentially suitable for financing urban areas, such as income taxes, sales taxes, and business taxes, continue to be controlled by the central governments… The sources of revenue is the transfer from from consolidated revenue fund.

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Passnownow.com digitally democratizes access to education content for Nigerian Students and Teachers. Local government authorities can also generate revenue apart from the statutory allocation.
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They have ranged between 0.6 and 1.0 percent of GDP since 1965 (figure 3). endstream endobj startxref endobj

%PDF-1.5 %���� The federal government also collects revenue from estate and gift taxes, customs duties, earn-ings from the Federal Reserve System, and various fees and charges. In total, these sources gen-erated 5.0 percent of federal revenue in 2019. Equitable Share. Individual Income Taxes.