ABSTRA CT
It is not deniable
that the effect of tax incentives on economic growth has its peculiar problem.
The major problem investigated is that tax incentives are not adequate to
positively affect the economic growth of Nigeria, particularly Abia State. In
investigating this problem, data were collected from GDP at factor cost.
investment level, children allowance value, and dependent relative allowance
value for the period of 1988 to 2007.In addition primary data were collected
through designed research questionnaire validated by experts and distributed to
staff of ministry of finance, Staff of Board of Internal revenue, Staff of
FIRS, Staff of selected banks and the general public in Abia State. Descriptive
statistics and regression analysis were used in analyzing these data. Findings
based on the data collected reveals R2of .439 when do1was tested indicating
that 43.9% of the changes in the level of investment is attributable to changes
in existing tax incentives. Also when I1O2was tested it reveals R2of .471 indicating
that 47.1% of the changes in economic growth is attributable to changes in tax
incentives. The researcher therefore recommend that the government should
provide adequate incentives that will encourage investment by investors and
thereby increase economic growth in our great country, Nigeria. The time to act
is now.
UKWUNNA, O (2021). Effects Of Tax Incentives On Economic Growth Of Nigeria (A Case Study Of Abia State). Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-tax-incentives-on-economic-growth-of-nigeria-a-case-study-of-abia-state-7-2
OSINACILI, UKWUNNA. "Effects Of Tax Incentives On Economic Growth Of Nigeria (A Case Study Of Abia State)" Mouau.afribary.org. Mouau.afribary.org, 29 Jun. 2021, https://repository.mouau.edu.ng/work/view/effects-of-tax-incentives-on-economic-growth-of-nigeria-a-case-study-of-abia-state-7-2. Accessed 26 Nov. 2024.
OSINACILI, UKWUNNA. "Effects Of Tax Incentives On Economic Growth Of Nigeria (A Case Study Of Abia State)". Mouau.afribary.org, Mouau.afribary.org, 29 Jun. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-tax-incentives-on-economic-growth-of-nigeria-a-case-study-of-abia-state-7-2 >.
OSINACILI, UKWUNNA. "Effects Of Tax Incentives On Economic Growth Of Nigeria (A Case Study Of Abia State)" Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/effects-of-tax-incentives-on-economic-growth-of-nigeria-a-case-study-of-abia-state-7-2