ABSTRACT
Thestudy
investigated the effect ofpetroleum profit tax on economic growth in Nigeria.
There has been poorperformance ofnational institutionssuch aspower, energy,
road, transportation, politics, financial systems and investment environment
has been deteriorating and inefficient. The major objectives ofthe study are to
examine the extent to which actual petroleum profit tax affects Gross
Domesticproduct in Nigeria andto examine the extent to which
budgetedpetroleumprofit tax affects Gross Domestic product in Nigeria. To
achieve the objectives ofthe study, ex-pose facto research design was adopted.
The researcher adopted secondary data in getting the required information. In
testing the hypothesissimple regression analysiswas used. The findingsin
chapterfourreviewed that actual petroleum profit tax has a significant effect
on economic growth, budgetedpetroleum profit tax has a significant effect on
economic growth. In conclusion, the administration ofpetroleumprofit tax in
Nigeria has mainly beenfocus on revenue generation to the detriment
ofstimulating economic growth anddevelopment. Researcherrecommends that For the
PPTpolicy to have a more significant impact on the revenue and economic
development ofNigeria, Government should minimize orfind ways of eliminating totally
the widespread corruption and leakages in the petroleum profit tax
administration.
ABUGU, A (2024). Effect of Petroleum Profit Tax on Economic Growth in Nigeria:- Abugu, Johnpaul O. Mouau.afribary.org: Retrieved Sep 08, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-abugu-johnpaul-o-7-2
ABUGU, ABUGU. "Effect of Petroleum Profit Tax on Economic Growth in Nigeria:- Abugu, Johnpaul O" Mouau.afribary.org. Mouau.afribary.org, 25 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-abugu-johnpaul-o-7-2. Accessed 08 Sep. 2024.
ABUGU, ABUGU. "Effect of Petroleum Profit Tax on Economic Growth in Nigeria:- Abugu, Johnpaul O". Mouau.afribary.org, Mouau.afribary.org, 25 Jul. 2024. Web. 08 Sep. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-abugu-johnpaul-o-7-2 >.
ABUGU, ABUGU. "Effect of Petroleum Profit Tax on Economic Growth in Nigeria:- Abugu, Johnpaul O" Mouau.afribary.org (2024). Accessed 08 Sep. 2024. https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-in-nigeria-abugu-johnpaul-o-7-2