JAMB Accounting 2011 Objective — Question 45

Question 45 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

Which of the following accounts for the highest revenue to Nigeria?

A. A. Import duties
B. B. Personal income tax
C. C. Petroleum resourcesCorrect
D. D. Company tax

Explanation

Petroleum resources (oil revenue) account for the highest share of government revenue in Nigeria. (Note: the official answer key text for this specific item was not legible in the source scan; this answer follows standard economics/accounting reference knowledge of Nigeria's revenue structure.)

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