ABSTRACT
The study investigated on the effect
ofpetroleum profit tax (PPT) on economic growth (proxy> by GDP) in Nigeria.
The major objectives of the study were to examine the effect ofpetroleum profit
tax on Gross Domesticproduct in Nigeria, to determine the effect ofpetroleum
profit tax on total revenue ofNigeria and to investigate the effect ofpetroleum
profit tax on inflation rate in Nigeria. To achieve the objectives of the
study, expostfacto design was adopted. The researcher adopted secondary data in
getting the required information. In testing the hypotheses, regression
analysis was used was used. The findings revealed that there is a significant
relationship between PPT and Gross Domestic Product. The findings further
revealed that there is a significant relationship between PPT and total revenue
of Nigeria. The researcher recommends that Government should transparently
andjudiciously accountfor the revenue it generates through PPT by investing in
the provision of infrastructure and public goods and services. The researcher
also recommends that government should minimize or find ways of eliminating
totally the widespread corruption and leakages in the petroleum profit tax
administration.
NDUKWE, C (2023). Impact Of Petroleum Profit Tax On Economic Growth In Nigeria:- Ndukwe, Augusta C.. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-ndukwe-augusta-c-7-2
CHIDINMA, NDUKWE. "Impact Of Petroleum Profit Tax On Economic Growth In Nigeria:- Ndukwe, Augusta C." Mouau.afribary.org. Mouau.afribary.org, 08 Nov. 2023, https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-ndukwe-augusta-c-7-2. Accessed 31 Oct. 2024.
CHIDINMA, NDUKWE. "Impact Of Petroleum Profit Tax On Economic Growth In Nigeria:- Ndukwe, Augusta C.". Mouau.afribary.org, Mouau.afribary.org, 08 Nov. 2023. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-ndukwe-augusta-c-7-2 >.
CHIDINMA, NDUKWE. "Impact Of Petroleum Profit Tax On Economic Growth In Nigeria:- Ndukwe, Augusta C." Mouau.afribary.org (2023). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-economic-growth-in-nigeria-ndukwe-augusta-c-7-2