ABSTRACT
This
project work was designed to study tire relationship between tax incentive and
industrial development in Nigeria with special reference to Abia State. Chapter
one of the study dealt with tire introduction of the research topic in view,
problems, objectives and the relevance of the study. The objectives ofthe study
includes the following; to find out if tax incentives actually enhance economic
growth and industrial development, if individuals/firms are aware of it, if
they claim it, if it attracts foreign investors into firms operating in those
areas where they are available and also to know the opinion ofrespondents on
the relationship between economic development and tax incentives in Nigeria.
Some research questions were raised for the study and necessary data collected
through the use of primary and secondary data. The questionnaire was the main
instrument used. The research hypothesis are; Hoj- There is no significant
difference in the opinion of respondents as to existence of significant
relationship between economic growth/development and tax incentives. Ho2-There
is no significant difference in the opinion of respondents as to whether
availability of tax incentives attracts foreign investors’ investment in the
companies/areas enjoying the incentives. Data analysis was based on simple
percentages and chi-square (X2) technique was used to test the “goodness of
fit”, (the level of significance). Whereby the null hypothesis was rejected and
the alternative accepted that there is significant difference in the opinion of
respondents as to the existence of significant relationship between economic
growth /development and tax incentives. Also that tire availability of tax
incentives attract foreign investors investment in the companies/areas enjoying
the incentives. From the findings, it was being recommended that; industries
established in economically backward areas of die state, special tax incentives
should be granted them, government should use tax incentives to encourage
foreign exchange conservation, industries benefiting from pioneer relief/waiver
period should be required to send periodical progress report.
MICHAEL, U (2024). Tax Incentives And Industrial Development In Nigeria:- Kalu, Amarachi N. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/tax-incentives-and-industrial-development-in-nigeria-kalu-amarachi-n-7-2
UNIVERSITY, MICHAEL. "Tax Incentives And Industrial Development In Nigeria:- Kalu, Amarachi N" Mouau.afribary.org. Mouau.afribary.org, 12 Aug. 2024, https://repository.mouau.edu.ng/work/view/tax-incentives-and-industrial-development-in-nigeria-kalu-amarachi-n-7-2. Accessed 30 Oct. 2024.
UNIVERSITY, MICHAEL. "Tax Incentives And Industrial Development In Nigeria:- Kalu, Amarachi N". Mouau.afribary.org, Mouau.afribary.org, 12 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/tax-incentives-and-industrial-development-in-nigeria-kalu-amarachi-n-7-2 >.
UNIVERSITY, MICHAEL. "Tax Incentives And Industrial Development In Nigeria:- Kalu, Amarachi N" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/tax-incentives-and-industrial-development-in-nigeria-kalu-amarachi-n-7-2