Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Indonesian Journal of Applied Accounting and Finance
Ojo, David
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Tax Revenue and Infrastructural Development in Nigeria Imeokparia, Lawrence; Nnoli, Ikenna Theodore; Ojo, David; Ajibola, Olufunmilayo
AKUMULASI: Indonesian Journal of Applied Accounting and Finance Vol. 4 No. 1 (2025): June
Publisher : Vocational School, Universitas Sebelas Maret (UNS), Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/akumulasi.v4i1.2280

Abstract

This study examines the relationship between tax revenue and infrastructural development in Nigeria. The study explores Company Income Tax (CIT) and Value Added Tax (VAT) as indicators for tax revenue. Also, three measures of capital expenditure; administrative capital expenditure, economic capital expenditure, and social services capital expenditure were adopted as a proxy for infrastructural development. The data used in the study were gathered from 2011-2021 and sourced from the Federal Inland Revenue Service (FIRS) and Central Bank of Nigeria Statistical Bulletin. To establish the relationship between tax revenue and infrastructure development, Pearson correlation and regression analysis were explored. The study finds that there is a positive relationship between CIT and economic capital expenditure, administrative capital expenditure and services capital expenditure. Likewise, the study shows a positive link between VAT and services capital expenditure, economic capital expenditure, and administrative capital expenditure in Nigeria. Therefore, it is recommended that the federal government effectively utilize the revenue generated from tax for infrastructural advancement and ensure there is no wastage in the process of disbursement of funds.
Co-Authors Ajibola, Olufunmilayo Imeokparia, Lawrence Nnoli, Ikenna Theodore