“Impact of value added tax (VAT) on economic development of Nigeria:- Ifediora Stella C.
ABSTRACT
The
study examined the effect of value added tax on economic development of
Nigeria. Tire objectives ofthe study are to examine the effect of value added
tax on gross domestic product of Nigeria, to determine the effect of value
added tax on inflation rate of Nigeria and to examine the effect of value added
tax on unemployment rate of Nigeria. To achieve the objectives ofthe study,
ex-post facto design was adopted. The researcher adopted secondary data through
the use CBN statistical bulletin. In testing the hypotheses, regression
analysis was used. The findings revealed that Value added tax has a significant
effect on gross domestic product of Nigeria. The findings further revealed that
Value added tax has a significant effect on inflation rate of Nigeria. The
researcher recommends that the management and administration of VAT in Nigeria
should be done in a manner that it will not have adverse effect on the economy
such as distorting the forces of demand and supply. The researcher further
recommends that the revenue generated from VAT should be used for
infrastructural development ofthe country in order to 1 . increase the economic
growth ofthe country.
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IFEDIORA, I (2024). “Impact of value added tax (VAT) on economic development of Nigeria:- Ifediora Stella C.. Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-development-of-nigeria-ifediora-stella-c-7-2
IFEDIORA, IFEDIORA. "“Impact of value added tax (VAT) on economic development of Nigeria:- Ifediora Stella C." Mouau.afribary.org. Mouau.afribary.org, 16 Jul. 2024, https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-development-of-nigeria-ifediora-stella-c-7-2. Accessed 24 Nov. 2024.
IFEDIORA, IFEDIORA. "“Impact of value added tax (VAT) on economic development of Nigeria:- Ifediora Stella C.". Mouau.afribary.org, Mouau.afribary.org, 16 Jul. 2024. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-development-of-nigeria-ifediora-stella-c-7-2 >.
IFEDIORA, IFEDIORA. "“Impact of value added tax (VAT) on economic development of Nigeria:- Ifediora Stella C." Mouau.afribary.org (2024). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-development-of-nigeria-ifediora-stella-c-7-2