A CRITICAL APPRAISAL OF TAXATION AS AN INSTRUMENT OF ECONOMIC GROWTH IN NIGERIA

A CRITICAL APPRAISAL OF TAXATION AS AN INSTRUMENT OF ECONOMIC GROWTH IN NIGERIA

 

ABSTRACT

 

The study set out to critically appraise taxation as an instrument of economic growth in Nigeria. Taxation was been neglected in Nigeria by various government in power after the discovery of oil. However, the subject was beginning to attract more attention from the government because of the volatility of oil prices, the agitation of oil producing states to control their resources and the felt need to diversify the nations economy. The unpredictable fluctuation in petroleum price which has continue to result into low accruable income needed to facilitate economic growth and development. Hence, the three levels of government are now constrained to revitalize their tax system either by modifying the existing tax laws or introducing new ones. Though, tax is seen as a punitive instrument by some certain class but is a veritable tool employed by the developed nation to accelerate their economic growth.

The study was limited to 10 years of data which was gathered from secondary sources and the ordinary least square analysis method was used to test the reliability and validity of data collected. It was also used to determine the relationship that exist between the variables used during the course of the study.

However, from the research findings, it was concluded that there exist a significant relationship between taxation and economic growth of Nigeria and also significant relationship between taxation and revenue generation in Nigeria. Finally, it is hope that better tax structure should be put in place to ensure effective execution of the various tax Acts that will lead to rapid economic stability and growth of the nation.

 

 

 

TABLE OF CONTENT

Title

Certification

Dedication

Acknowledgement

Abstract

Table of Content

CHAPTER ONE

  • Introduction

1.1 Background of the Study

1.2 Statement of the Problem

1.3 Objective of the Study

1.4 Significance of the Study

1.5 Research Questions/ Hypothesis

1.6 Research methodology

1.7 Scope and Limitations of the Study

1.8 Definition of terms

1.9 Organisation of the study

End of chapter references

CHAPTER TWO

  • Literature Review

2.1 Introduction

2.2 Definition of Taxation

2.3 Historical and Legal Development of Taxation in Nigeria

2.4 Characteristics of Taxation

2.5 Objectives of Taxation

2.6 Structure of the Nigeria Tax system

2.7 Principles of Taxation

2.8 Sources of Nigerian Tax Laws

2.9 Nigerian Tax Laws

2.10 Organ of Tax Administration

2.11 Sources of Revenue to the Nigeria government

2.12 Tax Jurisdictions

2.13 Tax Exemptions

2.14 Problems of Taxation in Nigeria

End of Chapter References

CHAPTER THREE

  • Research Methodology

3.1 Research Focus

3.2 Research Instruments

3.3 Restatement of Research Questions/ Hypothesis

3.4 Description of the Population and Sample of the Study

3.5 Sources of Data Collection

3.6 Method of Data Analysis and Description of Tools of Analysis

End of Chapter References

CHAPTER FOUR

  • Data Analysis, Interpretation and Discussion of Findings

4.1 Interpretation of Items

4.2 Analysis of Data

4.3 Analysis of Table

4.4 Test of Hypothesis

End of Chapter References

CHAPTER FIVE

  • Summary, Conclusion, Recommendation and Suggestions for further studies

5.1 Summary

5.2 Conclusion

5.3 Recommendation

5.4 Suggestions for further studies

End of chapter references

Bibliography

Appendices:

Appendix A: Data Analysis variables (2002-2011)

Appendix B: Descriptive Analysis (Gross Domestic Product)

Appendix C: Descriptive Analysis (Government Revenue)

Appendix D: Analysis of Empirical Result Presentation (GDP)

Appendix E: Analysis of Empirical Result Presentation (GREV)

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Updated: February 14, 2016 — 9:56 am

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