PETROLEUM PROFIT TAX ADMINISTRATION IN NIGERIA: AN EMPIRICAL EVALUATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This study investigates the Petroleum Profit Tax Administration in Nigerian: an empirical evidence for the period 2004 to 2008. Thus three research questions and objectives were formulated, two hypotheses were formulated to test the significant level we use the gross domestic product (GDP), Total Tax Revenue (TTR), and expected development (ED) as the explanatory variables. The sample covers all the economic sectors of the country, including the oil sector and the non-oil sector. This study used primary and secondary data from Central Bank of Nigeria’s Statistical Bulletin, Nigerian National Bureau of Statistics, and the Nigerian national Petroleum Corporation. Simple regressions models and Statistical Package for Social Sciences were used in this study to evaluate the data collected. The results show that Petroleum Profit Tax has a positive and significant relationship with GDP and TTR. Based on these findings, this study concludes that petroleum profit tax has positively and significantly impacted the Nigerian economy when measured by GDP and TTR for the period 2004 to 2008. This study therefore suggests that the effect of petroleum profit tax on the Nigerian economy was positive for the period reviewed. The petroleum sector in Nigeria should be well coordinated and encouraged to grow so that more revenue should accrue to it. It is hoped that increased income through petroleum will enhance tax payment from that sector.
Related Project Materials
THE EFFECT OF SALES PROMOTION STRATEGIES ON CUSTOMER PATRONAGE OF BREWERIES PRODUCTS
ABSTRACT
This study was carried out to examine the effect of sales promotion strategies on customer patrona...
ANALYSIS OF SMALL GROUP DISCUSSIONS’ EFFECTS ON STUDENT ACHIEVEMENT IN SCHOOL
EXCERPT FROM THE STUDY
- Small group learning can bring improvements in areas such as tolerance and positive interactions among stu...
Read more
EFFECT OF BAD ROAD ON ECONOMIC DEVELOPMENT
Background of the study
Economic development of any economy is dependent on the ability of the country...
Read moreIMPACT OF CUISENAIRE-ROD STRATEGY ON REMEDIATING ERRORS IN ADDITION AND SUBTRACTION AMONG PRIMARY SCHOOL PUPILS, IN LERE LOCAL GOVERNMENT AREA KADUNA,NIGERIA
ABSTRACT
This study investigated the impact of Cuisenaire rods strategy on remediating errors in addition and subtraction of numbers amon...
Read moreAN EXAMINATION OF THE LEGAL FRAMEWORK FOR THE MARKETING OF PETROLEUM PRODUCTS IN THE DOWNSTREAM SECTOR OF THE OIL AND GAS INDUSTRY IN NIGERIA
ABSTRACT
Hitherto, to many, the concept of oil and gas was limited to the search for, work and win crude oil. So, for many decades, natio...
Read moreTHE EXTENT OF IMPLEMENTATION OF SAFETY PRACTICES IN BIOLOGY LABORATORY AMONG SENIOR SECONDARY SCHOOL STUDENTS IN ENUGU SOUTH LOCAL GOVERNMENT AREA
ABSTRACT
This study outlays different individual’s conception of science. Closely ra...
Read moreRECTIFICATION AND REPAIR OF A FAULTY AIR CONDITIONER IN THE MECHANICAL ENGINEERING DEPARTMENT AT THE INSTITUTE OF MANAGEMENT AND TECHNOLOGY (I.M.T) ENUGU.
ABSTRACT
In the mechanical Engineering department of institute of management and technology th...
Read moreASSESSMENT OF THE LEVELS OF COVID-19 PANDEMIC PROTOCOL COMPLIANCE IN SENIOR SECONDARY SCHOOLS IN KANO
BACKGROUND OF THE STUDY
Coronavirus (Covid-19) is an infectiou...
Read moreTHE TRENDS IN STUDENTS’ PERFORMANCE IN JUNIOR CERTIFICATE EXAMINATION IN ENGLISH LANGUAGE AND BASIC SCIENCE
ABSTRACT
The trend of students’ performance can positively change through a gradual process of using an up...
Read moreEFFECTS OF PUBLIC PRIVATE PARTNERSHIP ON SERVICE DELIVERY
ABSTRACT
Public private partnership in Nigeria and other developing nations in Africa were adopted for...
Read more
