ABSTRACT
The study investigated the effect
of petroleum profit tax on economic growth in Nigeria. There has been poor
performance of national institutions such as power, energy, road,
transportation, politics, financial systems and investment environment has been
deteriorating and inefficient. The major objectives of the study are to examine
the extent to which actual petroleum profit tax affects Gross Domestic product
in Nigeria and to examine the extent to which budgeted petroleum profit tax
affects Gross Domestic product in Nigeria. To achieve the objectives of the
study, ex-pose facto research design was adopted. The researcher adopted
secondary data in getting the required information. In testing the hypothesis
simple regression analysis was used. The findings in chapter four reviewed that
actual petroleum profit tax has a significant effect on economic growth,
budgeted petroleum profit tax has a significant effect on economic growth. In
conclusion, the administration of petroleum profit tax in Nigeria has mainly
been focus on revenue generation to the detriment of stimulating economic
growth and development. Researcher recommends that For the PPT policy to have a
more significant impact on the revenue and economic development of Nigeria,
Government should minimize or find ways 0/ eliminating totally the widespread
corruption and leakages in the petroleum profit tax administration.
ADIELE, U (2021). Effect Of Petroleum Profit Tax On Economic Growth In Nigeria. Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2
UGWOLU, ADIELE. "Effect Of Petroleum Profit Tax On Economic Growth In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 29 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2. Accessed 27 Nov. 2024.
UGWOLU, ADIELE. "Effect Of Petroleum Profit Tax On Economic Growth In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 29 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2 >.
UGWOLU, ADIELE. "Effect Of Petroleum Profit Tax On Economic Growth In Nigeria" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2