The Effect of Financial Calculations in the Nigerian Economy

It is true that tiny drops of water can make an ocean but time interval at which it drops and its consistency are the keys. No child becomes an adult within the space of one year. It takes several years of growth and development for that dream to become an obvious reality. One is not left in the dark on the effect of financial calculations in the economy except they’ve chosen to be intentionally blind to its truth.

The economy of a nation or a person can be affected in no small way by certain financial calculations like taxes,charges etc both positively and negatively depending on who receives and who gives. A nation involved in international trade have the responsibility of paying certain levies saddled on her shoulder, some of which might be too high and could possibly devalue her currency.

Business owners also owe it to certain government bodies to pay taxes at a fixed rate which might possibly increase with the fleeting of years and takes no consideration of the woes and fortunes of the business owner per time. Though it is a decent source of fund that can be cruel to those it is being sourced from,revenues are being generated when these funds are invested in certain sectors that have been known for wholesale delivery of bountiful returns,which in turn can serve as a means of giving back to the society and people who labour to make policies, enforce and carry it out in different strata of the working sector.

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