To raise funds, local governments can levy
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Correct Answer: Option B
Explanation:
Local governments in Nigeria raise funds mainly through rates, levies, fees, and grants from higher levels of government. Income tax is generally a state or federal matter, while import and excise duties are federal. Rates are the appropriate source of local government revenue.
Local governments in Nigeria raise funds mainly through rates, levies, fees, and grants from higher levels of government. Income tax is generally a state or federal matter, while import and excise duties are federal. Rates are the appropriate source of local government revenue.