INTERNATIONAL JOURNAL OF CAPACITY BUILDING IN EDUCATION AND MANAGEMENT

Effect of Tax Reforms on Revenue Generation in Nigeria

Muhammad Akaro Mainoma, Musa Mohammed Naburgi, Danjuma Chamba — Sat, 07 Dec 2024 00:00:00 +0000

Nigeria has implemented several tax reforms to increase revenue and reduce its reliance on oil. These reforms seek to broaden the tax base by including more individuals and businesses. The main objective is to examine the effects of tax reforms on revenue generation in Nigeria. This study employs an ex-post facto research design to analyze the factors influencing specific outcomes by examining past events and existing conditions, with no manipulation of the data. Focusing on the Nigerian economy, it uses time series data spanning 43 years (1980-2023) to assess the effects of tax reforms. Data was sourced from the Central Bank of Nigeria Statistical Bulletin and National Bureau of Statistics. The findings reveal the study highlights the significant impact of tax reforms on revenue generation in Nigeria, noting that higher tax rates initially increase revenue but may lead to long-term declines due to complex underlying factors. This inverse relationship reveals that the connection between tax reforms and revenue generation is not a straightforward one. The study recommends tax reforms such as reducing the Companies Income Tax (CIT) rate from 30% to 20% to boost revenue and reduce Nigeria’s dependence on oil price volatility. Full autonomy for the Federal Inland Revenue Service (FIRS), tackling multiple taxation, and promoting transparency are key to restoring taxpayer confidence. For Petroleum Profits Tax (PPT), addressing corruption and inefficiencies will enhance its contribution to national revenue. Increasing the VAT rate on luxury goods to 10% and improving VAT administration through better billing practices, record-keeping, and training are also suggested to improve tax efficiency and revenue collection.

Moderating Effect of Firm Size on the Relationship Between Corporate Governance Characteristics and Financial Reporting Quality of Listed Industrial Goods Companies in Nigeria

Saidu Ibrahim Halidu, Benjamin David Uyagu, Abdullahi Salihu Uba — Thu, 12 Dec 2024 00:00:00 +0000

Financial reporting focuses on the information needed by external users for decision-making and satisfying the information needs with the financial reporting practices carried out in organizations. The main objective of the study is to examine the Moderating effect of firm size on the relationship between corporate governance characteristics and financial reporting quality of listed industrial goods companies in Nigeria from 2012 to 2022. The population of the study is 13 listed industrial goods and all the population was used by adopting a census sampling technique, this study adopted an ex-post factor research design. Data were sourced from annual financial reports of 13 selected industrial goods companies in Nigeria from 2012 to 2022. This study used regression analysis with the aid of STATA 15 Software. The results revealed that There is a significant relationship between board size and financial reporting quality of listed industrial goods companies in Nigeria, there is a significant relationship between board independence and financial reporting quality of listed industrial goods companies in Nigeria, Firm size has a significant moderating effect on the relationship between board size and financial reporting quality of listed industrial goods companies in Nigeria. The study recommends among others that. The shareholders of listed industrial goods companies in Nigeria should ensure that they maintain large board sizes because the increase in the size of the board will enhance the financial reporting quality of listed industrial goods companies in Nigeria. The executive directors and non-executive directors must be of equal size on the board of directors of listed industrial goods companies in Nigeria to avoid the lop-sidedness of the board members. This will equally enhance the quality of board decisions as they are been reached from both the experiences of those within and outside the organization.

Building Cameroon's Future Tec-Leaders: Entrepreneurial Skills for Sustainable Development

Essem Gordon Ubebah, Numfor Raymond Neba, Awa Marshall Teneng, Jing Binue Mafor — Wed, 18 Dec 2024 00:00:00 +0000

This study explores the role of technology education in fostering entrepreneurial skills among youth, aiming to equip them with practical knowledge for personal and professional growth. Conducted in tertiary institutions in Cameroon's North-West Region, the research employed descriptive statistics, Spearman correlation, and simple linear regression to analyse relationships between variables. Findings indicate a positive link between technology education and entrepreneurial skills, highlighting the need for a curriculum structure with 60% practical, hands-on activities and 40% theory. The study recommends that instructors with strong practical expertise teach these courses to nurture student competencies effectively.