Browsing by Author "Oyadoye, Yetunde"

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    Assessment of the Impact of Tax Revenue on Economic Development in Federal Capital Territory, Abuja, Nigeria
    (Department of Educational Foundation, Nasarawa State University Keffi., 2022-07-21) Allahnana, Kwanza Maikudi; Oyadoye, Yetunde; Musa, Bulus
    The study examined the impact of Tax Revenue on Economic development in the federal Capital Territory, Abuja, Nigeria. Crossectional survey research design was utilised. The variable in the model include company income tax (CIT)personal income tax (PIT) and value added tax (VAT). These were captured in the model as the explanatory variable as obtained from the federal Inland Revenue Service (FIRS) publication. The target population of the study covered 5 Agencies ((Custom, Federal Inland Revenue, Zenith Carriage, Brother Nigeria Limited Education) within FCT, Abuja with a population 656 respondents in order to know the impact of tax revenue on economic growth in FCT, Abuja. The sample size is a smaller set the larger population. The total number of respondents were sampled using multiage-simple random sampling technique to sample 250 respondents with 4 agencies. Qustionnaire was used as an instrument for data collection. The model adopted for the study was Autoregressive distributed lag model in relation with Chi-square for the analysis. Findings from this study show that company income tax (CIT), personal income tax (PIT) and Value added tax (VAT) were statistically insignificant on internallly generated revenue (IGR) (proxy for economic development) in federal Capital Territory.
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    THE CONTRIBUTION OF TAX REVENUE TO INTERNALLY GENERATED REVENUE IN THE FEDERAL CAPITAL TERRITORY, ABUJA, NIGERIA
    (Department of Educational Foundation, Nasarawa State University Keffi., 2022-06-22) Oyadoye, Yetunde; Allahnana, Kwanza Maikudi; Anzaku, Elisa Darlington
    The study examined the contribution of tax revenue to internally generated revenue (IGR) in Federal Capital Territory (FCT), Abuja, Nigeria from 1995-2020. The study adopted ex-post facto research design. The variables in the model include internally generated revenue as the dependent variable while company income tax (CIT), personal income tax (PIT) and value added tax (VAT) were captured in the model as the explanatory variables. The method adopted for the study Autoregressive Distributed Lag (ARDL) models. Findings from the unit root test show that IGR, CIT and VAT were stationary at first difference while PIT was stationary at level. The Cointegration test result from the ARDL bound test shows that the variables are co-integrated, which implies that the time series variables considered have long-run equilibrium relationship. Findings from the ARDL regression result shows that the coefficients of CIT and VAT have negative relationship with IGR in FCT, Abuja while the coefficient of PIT has positive relationship with IGR in FCT, Abuja. Findings also show that effects of CIT, PIT and VAT on IGR in FCT, Abuja were statistically insignificant. The study recommends among others that there should be accountability and transparency from government officials on the management of revenue derived from the various components of taxation particularly CIT, PIT and VAT that directly concerns individuals in the society.