Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

THE EFFECT OF TAXATION ON THE NIGERIAN ECONOMY (2001-2010)

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 108 ::   Attributes: Data Analysis ::   6,509 people found this useful

Project Body:

ABSTRACT 
This project is titled the effect of taxation on Nigerian Economy. The objective of the study is to determine and assess the effect of taxes towards the growth and development of the Nigerian economy. The survey research design was adopted, data were obtained from secondary sources and the use of simple linear regression as a statistical tool for data analysis. The major findings from the analysis of data and the testing of the hypothesis showed there exist a positive relationship between taxation and the growth and development of the Nigerian economy. The conclusion draw from this study revealed the following; (i).Total tax revenue to Gross Domestic product tend to grow as the nation develops. (ii). Increase in total tax rate will reduce profit of a company and rate of returns an investment (FDI). (iii). Inflations rate will affect the tax reform and policies, that affect the economy of Nigeria. The recommendations from this study include; the autonomy of the Nigerian tax system, efficient and effective tax administration and public enlightenment for compliance with tax policies.

CHAPTER ONE
1.1     OVERVIEW
One of the major functions of any government especially developing countries such as Nigeria is the provision of infrastructural services and social amenities such as hospitals, schools, good roads, electricity, pipe borne water, security of life and properties and to also ensure a rise in the per capital income, the Gross Domestic Product (GDP) and poverty alleviation to mention a few as stated by Soyode and Kajola (2006).
For these services to be adequately provided, the government should have enough revenue to finance the provision of these necessities in the economy. The task of financing these enormous responsibilities is one of the major problem or challenges facing the government of Nigeria. Based on the limited resources of government, there is the need to involve the citizens of the nation in this development through the imposition of tax on all taxable individuals and companies to boost and increase government financial position.
To this end, the government has always enacted various tax legislations or tax law and reformed existing ones to stand and meet the test of time.
They include; Companies Income Tax Act (CITA 1979) as stated by Ariwodola (2007), Income Tax Management Act (ITM), Joint Tax Board (JTB), Personal Income Tax Act (PITA1993) as posited by Ariwodola (2008). 
All there are aimed at ensuring adherence to tax payment and discouraging tax evasion and avoidance, for the purpose of this study, the researcher would be concerned with the effects of taxation on the Nigerian economy.

1.2     STATEMENT OF PROBLEM
It is important to state that no tax system succeeds without the tax payer’s co-operation. Ezeali and Nwoba, (2012) stated that the primary objectives of taxation are not related to instability of income and employment. Instead, such a country faces a number of problems corrected with economic growth on one hand and removal of poverty and inequality on the other. In Nigeria, we have additional problems of chronic unemployment and regional disparity. Oriakhi (2002) stated the Nigerian economy is face with the vicious circle of poverty, non compliance with tax policies and the government has an active role in this task and the public through taxation.

          Here, we can ask some thought provoking questions such as what makes taxation such a complex and difficult issue? Why do people feel cheated when it comes to tax? What are the effects of taxation on corporate bodies and individuals? The effect of taxation on economic development of the nation? In view of the several questions and problems above, this study is carried out to offer solution to them.
We shall also look at the following issues and offer recommendation;

  • Process of the administration in Nigeria
  • Problem affecting the successful operation of tax system in Nigeria.
  • Effects of taxation in Nigeria.

1.3     OBJECTIVE OF THE STUDY
The overall objective of the study is to determine and assess the effects of taxes towards the growth and development of the Nigeria economy.
This is assessing the various effects of taxation and the various tax policies to determine if they have resulted into positive or negative growth and development of the Nigerian economy over time.
However, the specific objective of this study includes;

  • To examine the relevance of taxation in Nigeria.
  • To determine the effects of taxation on production or national output.
  • To know the effect of taxation on inflation rates in the Nigeria economy.
  • To determine the effect of taxation on consumption patterns of the populace.
  • To know the general desirability of firms to invest as a result of tax incentives measures.
  • To assess the effect of taxation on savings, and investment in the Nigerian economy.
  • To determine the effects of taxation on employment and salaries of working in Nigeria.

Generally, the work is done to determine and know if taxation forms a large part of government revenue and how the utilization of this revenue effectively to promote economic gainful activities, developments and to erase the erroneous belief that it is a means of exploitation by the government for their selfish interest.

1.4     RESEARCH QUESTIONS
The significant issues that must be considered to determine and understand the diverse effects of taxation in the goal and objective of achieving a diversified economic growth and development with stability in all sectors of the economy of Nigeria includes;

  • Does the revenue generated from tax meet up with the commitment of the Nigerian Government?
  • Does taxation ensures and encourages investments and savings?
  • Do individuals and companies respond positively or negatively towards the payment of tax?
  • Does taxation affect employment and production level in the economy?
  • Does tax regulations and policies ensures efficiency of the tax system?

1.5     HYPOTHESIS


Get The Complete Project »

Project Department:

MORE ECONOMICS FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ECONOMICS FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

IMPACT OF GOVERNMENT EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA CHAPTER ONE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   12283 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study Government Expenditure no doubt is an important instrument for a government to control the economy of a nation. Economists have been well aware...Continue reading »

IMPACT OF MACROECONOMICS VARIABLES ON FIRMS’ PERFORMANCE IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 59 ::   Attributes: Secondary data, Data Analysis, Abstract  ::   8590 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study Every company operates within the internal and external environments of business. The internal environments are within a firm such that the pre...Continue reading »

IMPLICATION OF TREASURY SINGLE ACCOUNT ON BANKING SECTOR OF NIGERIA AND THE ECONOMY AS A WHOLE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   14725 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Treasury Single Account is a public accounting system under which all government revenue, receipts and income and collected into one single acco...Continue reading »

TAXATION AS A TOOL FOR ECONOMIC DEVELOPMENT OF NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   14899 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigeria as a nation has the vision of becoming one among the world’s 20 largest economies in the year 2020; this obviously is the brain beh...Continue reading »

THE IMPACT OF COMPANY INCOME TAX REVENUE ON THE DEVELOPING ECONOMIES: THE NIGERIA EXPERIENCE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   6182 engagements

The article on this topic (impact of company income tax revenue on the developing economies) is an extract from literature review of the project material. The complete project work would be made avail...Continue reading »

THE IMPACT OF TAX ON GOVERNMENT CAPITAL EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 65 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   12759 engagements

The article on this topic (impact of tax on government capital expenditure and economic growth in Nigeria) is an extract from literature review of the project material. The complete project work would...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:108
Attribute:Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives