+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

Impact of Oil and Gas Taxation and Nigeria Economic Growth

  • Type:Project
  • Pages:30
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

ABSTRACT

Oil and Gas Taxation is a major source of revenue for the Federal Government of Nigeria to meet its statutory obligations of ensuring the

economic development of Nigeria. It assists the government to achieve the country’s macroeconomic objective in the areas of fiscal and

monetary policies.However,it has been observed that non-provision of corporate social responsibilities in the communities where there is

extraction of crude oil result into constant destruction of production installations, and hindrance to production; tax avoidance and evasion d

poor tax administration, and weak fiscal policy have been negating the increase in tax income generated. The main objective of this paper is to

assess the relationship between petroleum profit tax and economic development of Nigeria for the enhancement of the welfare of the citizens.

Primary and secondary data were used to collect the research data, while chi-square and multiple regression statistical models were used to

analyze the results of the field work. The findings reveal that there is a very strong relationship between petroleum profit tax and economic

development of Nigeria, tax avoidance and evasion are major hindrance to income growth in this sector, poor tax administration is a problem to

effectiveness and efficiency of this source of income, and lack of corporate social responsibilities is causing unrest in the crude oil production

zone. The paper recommends the need for the government to make judicious use income generated for the benefits of Nigerians, and among

others the need for tax reforms to address the issue of tax evasion and avoidance.

 

KEYWORDS

Avoidance, Corporate, Evasion, Economy, Responsibility.

 

 

Impact of Oil and Gas Taxation and Nigeria Economic Growth

Share This

Details

Type Project
Department Accounting
Project ID ACC2225
Price ₦3,000 ($9)
No of Pages 30 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2225
    Price ₦3,000 ($9)
    No of Pages 30 Pages
    Format Microsoft Word

    Related Works

    (1986-2011) ABSTRACT The research work will discuss in detail the impact of taxation on Economic growth in Nigeria. It will also take cognizance of the aims and objectives of taxation and its impact on the economic growth of Nigeria. It also aimed at identifying problems that inhibit the... Continue Reading
    (1986-2011) ABSTRACT The research work will discuss in detail the impact of taxation on Economic growth in Nigeria. It will also take cognizance of the aims and objectives of taxation and its impact on the economic growth of Nigeria. It also aimed at identifying problems that inhibit the... Continue Reading
    CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY The political, social and economic development of any country depends on the amount of revenue generated for the provision of infrastructures in that given country. However, one means of generating the amount of revenue for providing the needed infrastructure is through a well structured tax... Continue Reading
    TABLE OF CONTENT Title Page - - - - - - - - - - i Approval Page- - - - - - - - - - ii Dedication - - - - - - - - - - - iii Acknowledgement - - - - - - - - - - iv Abstract - - - - - - - - - - - v Table of Content - - - - - - - - - - vi List of Tables - - - - - - - - - - viii CHAPTER ONE GENERAL INTRODUCTION 1.1 Background of the Study - - - - - - -... Continue Reading
    CHAPTER ONE Background to the Study Taxation as a concept involves more than mere imposition of compulsory payment of sums of money by the government and its agents. It is the sum total of compulsory sum of money by the... Continue Reading
    CHAPTER ONE 1.0     INTRODUCTION: 1.1     OVERVIEW : One of the major functions of any government especially developing countries such as Nigeria is the provision of infrastructural services such as electricity, pipe-borne water, hospitals, schools, good roads and as well as ensure a rise in per capital income, poverty alleviation,... Continue Reading
    UNIVERSITY OF BUEA FACULTY OF SOCIAL AND MANAGEMENT SCIENCES QUESTIONNAIRE Dear Respondent, my name is BETRAND YUKBUIN FEBMU . I am a Level 400 student, studying Accountancy at the University of Buea. I am currently carrying out a study for the purpose of writing a project as a requirement for the award of Bachelor Degree in Accountancy. The topic... Continue Reading
    IN EDO STATE (A CASE STUDY OF OREDO LOCAL GOVERNMENT AREA, EDO STATE, NIGERIA) PROPOSAL The research work will discuss in detail the impact of taxation as an aid to Economic Development in Edo State. It will also take cognizance of the aims and objectives of taxation and its impact on the... Continue Reading
    CHAPTER ONE 1.0      INTRODUCTION: 1.1  BACKGROUND OF THE STUDY: One of the major functions of any government especially developing countries such as Nigeria is the provision of infrastructural services such as electricity, pipe-borne water, hospitals, schools, good roads and as well as ensure a rise in per capita income, poverty alleviation... Continue Reading
      ABSTRACT Over the years, the important of the taxation to all establish government, be it democratically elected or monarchical elected or even military rule has especially a greater deal of sorphiscated. Tax law and statutes has been implemented to raise income for the... Continue Reading