ROLE OF TAX INCENTIVES IN YOUTH EMPLOYMENT IN MANGU LGA
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Background of the Study
Youth unemployment remains a significant challenge in Mangu LGA, affecting both the social and economic fabric of the community. Tax incentives, often offered to encourage investment and create jobs, can potentially serve as a solution to this issue. By attracting businesses and encouraging them to hire young people, tax incentives may provide meaningful employment opportunities for the youth. This study examines the role of tax incentives in promoting youth employment in Mangu LGA and their impact on reducing unemployment rates.
Statement of the Problem
Mangu LGA faces high levels of youth unemployment, with limited opportunities for young people to engage in productive activities. While tax incentives have been proposed as a tool to stimulate investment and job creation, there is little empirical evidence on their effectiveness in addressing youth unemployment in this region. This study will explore how tax incentives influence youth employment and identify potential challenges and opportunities associated with their use.
Aim and Objectives of the Study
Aim: To assess the role of tax incentives in promoting youth employment in Mangu LGA.
Objectives:
- To evaluate the impact of tax incentives on job creation for young people in Mangu LGA.
- To assess how tax incentives influence the willingness of businesses to hire young people in Mangu LGA.
- To identify challenges and opportunities associated with using tax incentives to address youth unemployment in Mangu LGA.
Research Questions
- How do tax incentives influence job creation for young people in Mangu LGA?
- To what extent do tax incentives encourage businesses to hire youth in Mangu LGA?
- What challenges are associated with using tax incentives to reduce youth unemployment in Mangu LGA?
Research Hypothesis
- H₀: Tax incentives do not significantly impact job creation for youth in Mangu LGA.
- H₀: Tax incentives have no significant influence on the willingness of businesses to hire young people in Mangu LGA.
- H₀: There are significant challenges associated with using tax incentives to reduce youth unemployment in Mangu LGA.
Significance of the Study
This study aims to provide valuable insights into the role of tax incentives as a tool for promoting youth employment in Mangu LGA. The findings will help policymakers and local governments better understand how tax incentives can be designed to support job creation and reduce unemployment among young people.
Scope and Limitation of the Study
The study will focus on the impact of tax incentives on youth employment in Mangu LGA. Limitations may include challenges in accessing data from businesses and youth respondents who may be hesitant to participate due to privacy concerns or skepticism about government interventions.
Definition of Terms
- Tax Incentives: Financial benefits provided by the government to encourage businesses to invest, create jobs, or engage in socially beneficial activities.
- Youth Employment: The availability and accessibility of job opportunities for young people, typically ranging from 15 to 35 years old.
- Job Creation: The generation of new jobs through business activities or government policies.
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