Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)

NWAKOR UDOCHI OGADINMA | 67 pages (11015 words) | Projects

ABSTRACT


The work was on the impact of taxation on foreign direct investment in Nigeria

(1970-2009), dealing with secondary data from the Shell Petroleum Development

Company (SPDC) and the National Bureau of Statistics. Regression analysis with (OLS)

technique was used. Our findings indicate that there is a positive correlation between

government expenditure, manufacturing output, inflation and foreign direct investment

(FDI). Petroleum represents a very important mineral in Nigeria economy. The

economic well-being of the citizenry is now completely dependent on petroleum. This

means that petroleum touches every facet of human life in Nigeria. However, company

tax was negatively correlated. Based on these findings, we found out that taxation has

contributed insignificantly to foreign direct investment (FDI) and therefore recommend

that, government intensifies efforts towards positive fiscal policy reform by

encouraging foreign direct investment (FDI) through low corporate tax rates and

identify and implement instruments including control of inflation that encourage

foreign direct investment.

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APA

NWAKOR, O (2021). Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2

MLA 8th

OGADINMA, NWAKOR. "Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)" Mouau.afribary.org. Mouau.afribary.org, 10 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2. Accessed 31 Oct. 2024.

MLA7

OGADINMA, NWAKOR. "Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)". Mouau.afribary.org, Mouau.afribary.org, 10 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2 >.

Chicago

OGADINMA, NWAKOR. "Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2

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