An Examination of the Use of Blockchain Technology in Nigerian Government Accounting: A Study of Tax Revenue Collection
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Blockchain technology has emerged as a revolutionary tool for enhancing transparency, efficiency, and security in various sectors, including government accounting. Its decentralized ledger system ensures immutability and real-time access to financial transactions, making it a valuable asset for tax revenue collection (World Bank, 2024). In Nigeria, the tax revenue system is plagued by issues such as fraud, inefficiencies, and lack of transparency, which undermine public trust and reduce government revenues (Okafor & Adeyemi, 2023).
The application of blockchain technology in tax revenue collection holds significant promise for addressing these challenges. By providing a transparent and tamper-proof ledger, blockchain can improve accountability, reduce tax evasion, and enhance operational efficiency. This study explores the use of blockchain technology in Nigerian government accounting, with a focus on its impact on tax revenue collection.
Statement of the Problem
The Nigerian tax system is characterized by inefficiencies, lack of transparency, and significant revenue losses due to tax evasion and fraud. Traditional methods of tax collection have proven inadequate in addressing these challenges, necessitating the exploration of innovative solutions like blockchain technology. However, the adoption of blockchain in government accounting is still in its infancy, with limited studies evaluating its effectiveness in the Nigerian context (Ibrahim & Nwankwo, 2025).
This study investigates the potential of blockchain technology to improve tax revenue collection in Nigeria, examining its successes, challenges, and future prospects.
Objectives of the Study
- To assess the current state of blockchain technology adoption in Nigerian tax revenue collection.
- To evaluate the impact of blockchain technology on transparency and efficiency in tax revenue collection.
- To identify challenges and propose strategies for integrating blockchain technology into Nigerian government accounting systems.
Research Questions
- What is the current state of blockchain technology adoption in Nigerian tax revenue collection?
- How has blockchain technology impacted transparency and efficiency in tax revenue collection?
- What challenges hinder the integration of blockchain technology into Nigerian government accounting systems?
Research Hypotheses
- Blockchain technology significantly enhances transparency in Nigerian tax revenue collection.
- The adoption of blockchain technology improves efficiency in tax revenue collection.
- Challenges such as infrastructure gaps and resistance to change hinder blockchain integration in Nigerian government accounting systems.
Scope and Limitations of the Study
The study focuses on the use of blockchain technology in tax revenue collection in Nigeria, specifically within government accounting systems. Limitations include limited access to blockchain implementation data and resistance from stakeholders unwilling to share sensitive information.
Definitions of Terms
- Blockchain Technology: A decentralized digital ledger that records transactions across multiple systems in a secure and tamper-proof manner.
- Government Accounting: The management of public financial resources to ensure transparency and accountability.
Tax Revenue Collection: The process of gathering taxes from individuals and organizations to fund government activities.
Related Project Materials
MICROORGANISM ASSOCIATED WITH SPOILAGE OF TOMATOES (CANNED TOMATOES)
ABSTRACT
The micro-organism, associated with spoilage of tomatoes shows that tomato contain large amount of water which...
INPUT NEEDS OF WATERMELON FARMERS IN GWAGWALADA AREA COUNCIL, FCT
BACKGROUND OF THE STUDY
According to Adeoye (2012), Nigeria has been said to have the capacity to produ...
THE EFFECT OF TECHNOLOGY IN THE FIELD OF QUANTITY SURVEYING AND HOW IT AFFECT COST, LABOUR AND TIME
ABSTRACT
The construction market in Nigeria is currently undergoing somewhat of a technology acceptance and utiliza...
EXAMINATION OF COST CONTROL STRATEGIES FOR HEALTHCARE ORGANIZATIONS IN NIGERIA
Abstract: EXAMINATION OF COST CONTROL STRATEGIES FOR HEALTHCARE ORGANIZATIONS IN NIGERIA
This research examines the cost control strategi...
EFFECTIVE PROMOTIONAL STRATEGIES FOR THE COSMETICS INDUSTRY
EXCERPT FROM THE STUDY
KOTLER (1998), notes that promotional strategies are concerned with the activities a firm employe...
THE ROLE OF NON-GOVERNMENTAL ORGANIZATION IN THE PROMOTION AND PROTECTION OF HUMAN RIGHTS IN NIGERIA
ABSTRACT
This study aimed at examining the legal framework for the promotion and protection of Human Rights in Nigeria in relation to the...
COINAGES IN NIGERIA ENGLISH: A SOCIOLINGUISTIC PERSPECTIVE
ABSTRACT
Nigerian English coinages have been widely investigated in different literatures ranging from studies in Socio...
DESIGN AND IMPLEMENTATION OF ONLINE ADMISSION AND RESULT CHECKING SYSTEM
INTRODUCTION
Currently, all work associated with the admission of students is performed manually using ink and paper, wh...
FUNDING OF NIGERIAN MEDICAL LIBRARIES (A Case Study Of Federal Medical Centre (Fmc) Library, Owerri)
ABSTRACT
The study examined the funding of Nigerian medical libraries using Federal Medical Centre (Fmc...
The Role of Print Media Advertising in Promoting Small-Scale Entrepreneurship in Koton Karfe LGA, Kogi State
Chapter One: Introduction
1.1 Background of the Study
Print media advertising has been a cornerstone of marketing for decades,...
