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.