Month: May 2016

TRADITIONAL PROCUREMENT METHOD Construction management literature has confirmed the dominancy of the Traditional procurement method for housing delivery. When this method is used by a client who desires a building…

PROCUREMENT METHODS OR STRATEGIES There are various procurement methods in use in construction for project delivery in Nigeria. Such strategies include Traditional, Design and Build, Project Management, Direct Labour and…

Open Market Operation Refer to sale to sale and purchase of securities in the money market by the central bank. When prices are rising and there is need to control…

Monetary Policy Definition Monetary Policy: Refers to the credit control measures adopted by the central bank of a country to control the supply of money as instrument for achieving the…

THE CONCEPT OF PROCUREMENT Procurement can be defined in so many ways; however, every definition might have something in common in general. Procurement is a comprehensive function which involves activities…

TECHNIQUES OF REVENUE ESTIMATION According to research and technical committee (2004), The first step in revenue estimation is to determine the revenues generating items and actual revenue from the cash…

Concept of Taxation (Tax) To get inside understanding of the concept of taxation the following terms need to be explained. Tax-Base: This is an object upon which tax levied e.g.…

Concept of Taxation (Tax) To get inside understanding of the concept of taxation the following terms need to be explained. Tax-Base: This is an object upon which tax levied e.g.…

Introduction The words tax and taxation are being used interchangeably and have been defined by different writers and authors using different perspective. According to Wikipedia Dictionary “A tax is a…

Importance of New Fuel Subsidy Removal In Nigeria INTRODUCTION The crude oil sector in Nigeria contributes substantially to the economy; however, these benefits are being compromised by significant subsidies on…