ABSTRACT
This research project
is an important study of the impact of tax incentives on the economic and
industrial development in Nigeria. The study was motivated by the poor economic
development in Nigeria, and the need to establish the role of tax incentive on
economic and industrial development in Nigeria, that is to evaluate the
effectiveness of tax incentive in developing the economic and industrial
sectors of Nigeria including how it affects the total revenue of Nigerian
Government. To solve the research problems, both primary and secondary data
were collected using questionnaires and review of related works of other
authors and researchers. The respondents comprised of sample of taxpayers in
Abia State. In analyzing and presentation of data collected, frequency tables
and simple percentages were used. Three hypotheses were formulated and tested
with chi-square statistical technique, and the results shown that the three
null hypotheses were rejected while the alternatives accepted. The findings of
the study shown that tax incentives scheme significantly impacts on the
economic and industrial development in Nigeria, it also affects government's
total revenue. The conclusion of the study is that tax incentive is a very
important fiscal measure that can be used to stimulate the growth and
development of the economic and industrial sectors of Nigeria as well as
increase government revenue in the long-long, if applied effectively and
efficiently. Suggestions were also given on the modalities necessary for
effective and efficient use of tax incentive scheme for rapid economic and
industrial development in Nigeria, such as thorough review of all the tax laws
in order to make tax incentives more adequate and effective to attract more
investors in Nigeria economy.
NWOKEOCHA, J (2021). Impact Of Tax Incentives On Economic And Industrial Development In Nigeria (Survey Of Tax Payers In Abia State). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-economic-and-industrial-development-in-nigeria-survey-of-tax-payers-in-abia-state-7-2
JOHN, NWOKEOCHA. "Impact Of Tax Incentives On Economic And Industrial Development In Nigeria (Survey Of Tax Payers In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 07 Dec. 2021, https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-economic-and-industrial-development-in-nigeria-survey-of-tax-payers-in-abia-state-7-2. Accessed 31 Oct. 2024.
JOHN, NWOKEOCHA. "Impact Of Tax Incentives On Economic And Industrial Development In Nigeria (Survey Of Tax Payers In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 07 Dec. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-economic-and-industrial-development-in-nigeria-survey-of-tax-payers-in-abia-state-7-2 >.
JOHN, NWOKEOCHA. "Impact Of Tax Incentives On Economic And Industrial Development In Nigeria (Survey Of Tax Payers In Abia State)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-economic-and-industrial-development-in-nigeria-survey-of-tax-payers-in-abia-state-7-2