Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (2000-2014)
ABSTRACT
This research investigated the effect of petroleum profit
tax on economic growth of Nigeria. Time series data of petroleum profit tax
(PPT) and real gross domestic product (RGDP) was used as proxy for economic
growth ranging (2000-2014) were extracted from CBN annual report, CBN
statistical bulletin, Federal ministry of finance& the publication of the
National Bureau of statistic. The study adopted the ordinary least square based
simple regression method of data estimation. The probability of the F test was
used to test the signflcant of the model and the F test is .0000 and it is the
sufficiently lower than 5% level of sign/icant. The study therefore found out
that petroleum profit tax has signflcant effect on economic growth of Nigeria.
Recommendation was made based on the findings that concerted effort should be
made to improve the effectiveness and efficiency of the administration and
collection of taxes by government and overhaul of the governance agency
responsible for the overseeing oil operation to allow for correct data capture
be carried out.
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OBIRI, C (2021). Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (2000-2014). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-2000-2014-7-2
CHIOMA, OBIRI. "Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (2000-2014)" Mouau.afribary.org. Mouau.afribary.org, 19 Nov. 2021, https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-2000-2014-7-2. Accessed 01 Nov. 2024.
CHIOMA, OBIRI. "Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (2000-2014)". Mouau.afribary.org, Mouau.afribary.org, 19 Nov. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-2000-2014-7-2 >.
CHIOMA, OBIRI. "Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (2000-2014)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-2000-2014-7-2