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The Impact of Value Added Tax (vat) on Nigerian Economic Gro
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The Impact of Value Added Tax (vat) on Nigerian Economic Growth (1994 - 2012): An Investigation

The main objective of this study is to examine the impact of Value Added Tax on Nigerian Economic Growth: An Investigation. Based on the research aim, you get all the sections listed in the table of contents provided by Sparklyn Services, covering Chapters One to Five, including the References. Please note that the complete material will be sent in Microsoft Word (.docx) format upon request, allowing you to make changes whenever needed.

Material Excerpt on the Impact of Value Added Tax (vat) on Nigerian Economic Growth (1994 - 2012): An Investigation

TABLE OF CONTENTS

PRELIMINARY PAGES

  • Title page
  • Approval page
  • Dedication
  • Acknowledgement
  • Table of Contents
  • Abstract

CHAPTER ONE

INTRODUCTION

  • 1.1 Introduction
  • 1.2 Background of Study
  • 1.3 Statement of the Problem
  • 1.4 Aim and Objectives of the Study
  • 1.5 Research Questions
  • 1.6 Research Hypothesis
  • 1.7 Significance of Study
  • 1.8 Scope of Study
  • 1.9 Limitations of the Study
  • 1.10 Operational Definition of Terms

CHAPTER TWO

LITERATURE REVIEW

  • 2.1 Introduction
  • 2.2 Conceptual Review
  • 2.3 Theoretical Framework
  • ⋮
  • 2.4 Empirical Studies
  • 2.5 Research Gaps
  • 2.6 Summary of Literature Review

CHAPTER THREE

RESEARCH METHODOLOGY

  • 3.1 Research Design
  • 3.2 Area of the Study
  • 3.3 Population of the Study
  • 3.4 Sample Size and Sampling Techniques
  • 3.5 Validation of Research Instrument
  • 3.6 Method of Data Collection
  • 3.7 Method of Data Analysis
  • 3.8 Questionnaire Administration
  • 3.9 Ethical Consideration
  • 3.10 Statistical Analysis

CHAPTER FOUR

DATA ANALYSIS, RESULT AND DISCUSSION

  • 4.1 Introduction
  • 4.2 Presentation and Analysis of Data
  • 4.3 Re-statement of Research Questions
  • 4.4 Test of Hypotheses
  • 4.5 Discussion of Findings

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

  • 5.1 Introduction
  • 5.2 Summary of Findings
  • 5.3 Conclusion
  • 5.4 Recommendation
  • 5.5 Suggestion for Further Study

REFERENCES

APPENDIX A - “QUESTIONNAIRE”

ABSTRACT

This study investigates the impact of VAT on the national revenue and economic growth of Nigeria. Problems associated with each sector of the economy in relation to VAT and their effects on economic growth were examined. Time series data used were obtained from Annual Reports and Accounts of the Central Bank of Nigeria (CBN) and Federal Inland Revenue Service (FIRS), CBN Statistical Bulletin and Collection Profile of the Federal Inland Revenue Service (FIRS). Augmented Dickey Fuller unit root test was employed to ensure the stationarity of the data, while Johansen Co-integration is used to estimate whether short-run or long-run equilibrium relationship exist among the variables.

The causal relationship is tested using Granger Causality, Error Correction Model (ECM) is used to estimate the models and descriptive statistical method was adopted to trace its impact on economic growth. Sectoral contribution analysis of VAT revenue in the new millennium revealed that Government Sector had the highest overall contribution of 24.9%, followed by Oil and Minning Sector (the only leading productive sector with dramatical growth rate, portraying Nigeria as a mono-economy) with 24.7%, Service Sector (21.6%), Manufacturing Sector (with poor contribution of 16.7%), Financial Institution (5%), Commercial and Trading (3.5%), Building and Construction (3.2%) and Agric and Plantation with a ridiculous contribution of 0.1%. Also, findings reveal that VAT is the second highest significant source of federally collected revenue (FCR) out of the three important taxes in Nigeria.

A positive and insignificant correlation exists between VAT Revenue and real GDP. The impact of VAT on economic growth of Nigeria is insignificant as there are some problems inhibiting its potency. This study recommends that all identified problems and administrative loopholes should be plugged for VAT Revenue to contribute more significantly to economic growth of the country. This should be done on the realization that any action taken on either VAT Revenue or the GDP will take four years to become effective

CHAPTER ONE

1.1 Introduction

In this section, the Impact of Value Added Tax (vat) on Nigerian Economic Growth (1994 - 2012): An Investigation is discussed, with relevant and recent citations. As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, research hypothesis and questions, limitation of the study and definition of terms.

1.4 Aim and Objectives of the Study

The main aim of this research is to examine the impact of Value Added Tax on Nigerian Economic Growth: An Investigation. The specific objectives of this study are:

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CHAPTER TWO

2.1 Introduction

This chapter presents existing knowledge, relevant theories, previous research findings, and the methods used by other researchers to provide background information on the Impact of Value Added Tax (vat) on Nigerian Economic Growth (1994 - 2012): An Investigation. This section also documents the state of the art on the subject under study and provides a comprehensive review of the existing literature. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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