ABSTRACT
Tax incentives are quintessential
fiscal policy designed by core industry driven governmental authorities to empower
and attract investors in strategic sectors of the economy. Nigerian government
offers a large number of reliefs to the individual and industrialist in the
form of allowances and tax exemptions or holiday. This is due to her growing
concern for economic growth and sustainable development. This study, thus
examines the effect of tax incentives in attracting foreign investment,
boosting economic and industrial growth as well as identifying the challenges
of the scheme using the primary data (questionnaires) duly showing the opinions
of the management bodies of basic manufacturing and service firms. The
percentage frequency distribution method, linkert scale and the t-test were
used in analyzing the data. The findings reviewed that tax incentives affects
economic and industrial growth as well as attract foreign direct investment. It
is recommended that the scheme should be maintained, with adequate machineries
to. create proper awareness of the scheme and ensure that firms get the
incentives.
WILCOX, C (2021). Impact Of Tax Incentives On Industrial And Economic Growth In Nigeria. Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-industrial-and-economic-growth-in-nigeria-7-2
CHINWENDU, WILCOX. "Impact Of Tax Incentives On Industrial And Economic Growth In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 12 Aug. 2021, https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-industrial-and-economic-growth-in-nigeria-7-2. Accessed 27 Nov. 2024.
CHINWENDU, WILCOX. "Impact Of Tax Incentives On Industrial And Economic Growth In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 12 Aug. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-industrial-and-economic-growth-in-nigeria-7-2 >.
CHINWENDU, WILCOX. "Impact Of Tax Incentives On Industrial And Economic Growth In Nigeria" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-tax-incentives-on-industrial-and-economic-growth-in-nigeria-7-2