Impact Of Petroleum Profit Tax On Economic Growth In Nigeria

Onyemutara Bright | 77 pages (12838 words) | Projects

ABSTRACT

This study empirically  examines  the impact of petroleum  profit  tax (PPT) on economic growth inNigeria. Inline withthe objectives ofthis study,secondary datawere obtained fromthe Central Bank ofNigeria statistical bulletin covering the period  of 2000-2016.In carrying  out the analysis,ordinary  least  square regression   method  were  employed  to analyze  data  on such  variables;  gross domestic  product  (GDP), total revenue,petroleum  profit  tax (PPT), and gross federally collected revenue.The findings revealthatthe abundance ofpetroleum and its associated  income has been beneficial  to the Nigerian    economy.It is recommended  that government  should transparently  andjudiciouslyaccount for therevenue itgenerates through petroleum profit taxbyinvesting intheprovision of infrastructure  and public  goods  and services.It is  expected  that the more effectively  and efficiently  revenueis utilized by government  to create growth, employment,opportunities  and wealth in the economy.The more willing tax payerswould betomeet their obligations  tothegovernment  anddischarge their dutiesintheoverriding goalofachieving national development. 


TABLEOFCONTENTS 

1.1      Background oftheStudy1

1.2Statement oftheproblem                                                                                  4

1.3Objectives oftheStudy5.

1.4Research Questions                                                                                            5 

l.~  Research Hypotheses6

1.6ScopeoftheStudy                                                                                            7


CHAPTER TWO

REVIEWOFRELATEDLITERATURE

2.1Conceptual Framework                                                                               8

2.1.1Petroleum ProfitTaxinNigeria                                                                    8

2.1.2  Contributions ofPetroleum IndustrytoEconomic

GrowthofNigeria                                                                                           12

2.1.3TheEffectofPetroleum ProfitTaxonNigeria Economy                          13

2.1.4Oil Revenue 16

2.1.5Petroleum ProfitTax(PPT)anditsadministrationinNigeria 17

2.1.6 GrossDomestic Product (GDP) 20

2.1.7PerCapitaIncome 21

2.1.8Inflation23

2.2Theoretical Framework                                                                               26

2.2.6 Economic  Growth  and Growth  Models28

2.3EmpiricalReview                                                                                                        32


CHAPTER THREE METHODOLOGY

3.1Research Design38

3.2AreasoftheStudy                                                                                             38

3.3DataSources39

3.4Relation oftheStudy                                                                                         39

3.5DataCollection Instruments andProcedures                                                  39

3.6Validity andReliability ofInstrument                                                             39

3.7DataAnalysis Techniques40

3.8Model Specification                                                                                           40

3.9Decision Rule41


CHAPTERnFOUR

DATA PRESENTATION AND ANALYSIS

4.1DataPresentation42

4.2TestofHypotheses                                                                                             43


CHAPTERnFIVE

SUMMARY OF FINDINGS,C0nCLUSION  AND RECOMMENDATIONS

5.1    Summary of Findings                                                                                         51

5.2Conclusion51

5.3Recommendations                                                                                               52

References

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APA

ONYEMUTARA, B (2021). Impact Of Petroleum Profit Tax On Economic Growth In Nigeria. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2

MLA 8th

BRIGHT, ONYEMUTARA. "Impact Of Petroleum Profit Tax On Economic Growth In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 16 Feb. 2021, https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2. Accessed 30 Oct. 2024.

MLA7

BRIGHT, ONYEMUTARA. "Impact Of Petroleum Profit Tax On Economic Growth In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 16 Feb. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2 >.

Chicago

BRIGHT, ONYEMUTARA. "Impact Of Petroleum Profit Tax On Economic Growth In Nigeria" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-7-2

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