Tax revenue and its impact on the economic growth of Nigeria Department: Accountancy By: AdeleyeJoshua Project ID: 9596 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe research work focuses on the impact of tax revenue on the economic growth of Nigeria, using the Federal Inland Revenue Service, Kogi State, as the study area. The objectives of the study is evaluate whether tax revenue has a positive impact on the economic growth of Nigeria, to examine if there is a significant relationship between tax revenue and the economic growth of Nigeria, and to determine whether tax revenue enhances the optimum allocation of available resources in Nigeria. The research method for this study is survey design. Data for the study were gathered from both primary and secondary sources. The population of the study is one hundred and twenty (120), out of which seventy- five (75) were selected as the sample size. The findings revealed that tax revenue enhances economic growth in Nigeria; it helps to address economic crises such as deflation, and tax is the nexus between the state and its citizens. The study recommends that funds raised from the general public should be properly utilized in order to boost the Nigerian economy's growth. In order to promote economic growth, investment opportunities should also be open for the benefit of its citizens. Tax collection mechanisms used by tax officials should be free from corruption and embezzlement. If this is not done, the revenue collection through VAT may not reach the desired point. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )