ABSTRACT
This project study is concerned
with the Role of Taxation in the economic development of Nigeria. It commences
with the background of the study, which deal with issues that led to the
research study. It examines the statement of problems, the hypotheses and the
significance of the study. It also specifies the scope of the study, set the
limitation of the project. Chapter two deals with the examinations of related
literatures, which contain the opinions and views of some experts and authority
in taxation. In chapter three, the techniques and procedures employed in the
research study were explained. The data for the project was collected by means
of the questionnaire designed to ensure that primary data was collected and
made used of. The data analysis is alone in chapter four. The data collected is
analyzed by means of statistical tables and percentages. The hypotheses were tested
by means of the chi-square (X2) and the following were the findings: That
taxation makes a significant contribution to the economic development of Abia
State. That the Abia State Board of Internet Revenue is adequately equipped to
collect all taxes for the state. That greater part of the taxes collected is
used for developmental projects in Abia State. That the Value Added Tax (VAT)
has had a significant effect on the revenue base of the country. That lack of
proper supervision in tax collection processes reduces the tax income due to
the government. Chapter five contains the summary of the findings of the
research. It also contains the conclusions made based on the findings, which
are that taxation plays a vital role in the economic base of the nation and tax
incomes are used in the execution of developmental projects and the provision
of social amenities. Recommendations made include the following: That there
should be more awareness campaigns on the need to pay taxes and employ them in
the services of the people. That the government should strengthen the
accounting system installed to account for the taxes collected. That tax laws
should always be enforced against any person who avoids tax payment. That the
tax officers should be given training from time to time to improve on their
efficiency and make their work easier.
CHIJIOKE, U (2024). The Role Of Taxation In The Economic Development Of Nigeria (A Case Study Of Abia State):- Chijioke Ugochukwu. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-taxation-in-the-economic-development-of-nigeria-a-case-study-of-abia-state-chijioke-ugochukwu-7-2
UGOCHUKWU, CHIJIOKE. "The Role Of Taxation In The Economic Development Of Nigeria (A Case Study Of Abia State):- Chijioke Ugochukwu" Mouau.afribary.org. Mouau.afribary.org, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/the-role-of-taxation-in-the-economic-development-of-nigeria-a-case-study-of-abia-state-chijioke-ugochukwu-7-2. Accessed 30 Oct. 2024.
UGOCHUKWU, CHIJIOKE. "The Role Of Taxation In The Economic Development Of Nigeria (A Case Study Of Abia State):- Chijioke Ugochukwu". Mouau.afribary.org, Mouau.afribary.org, 07 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-taxation-in-the-economic-development-of-nigeria-a-case-study-of-abia-state-chijioke-ugochukwu-7-2 >.
UGOCHUKWU, CHIJIOKE. "The Role Of Taxation In The Economic Development Of Nigeria (A Case Study Of Abia State):- Chijioke Ugochukwu" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-taxation-in-the-economic-development-of-nigeria-a-case-study-of-abia-state-chijioke-ugochukwu-7-2