The serious challenges faced by the health sector in Nigeria in term of infrastructural decay in recent time are worrisome issues for the stakeholders in the health sectorthe degree of neglect in the sector couple with sustainable revenue sources like Taxation available for government to finance this sector infrastructure called for attention of the stakeholders. This study therefore assesses effect of tax revenue collections on health care infrastructural development in nation from 2013 to 2020. The study employed secondary data from CBN Statistical Bulletin and the office of Federal Inland Revenue for analysis. Revenue Collections from Company income Tax (CIT), petroleum Profit Tax (PPT), Education Tax (EDT) and Value Added tax (VAT) were used as proxies for Tax revenue collections while Government expenditure on health infrastructure was adopted as proxy for Health Care Infrastructural Development. Multiple linear regression method was adopted for data analysis. The paper establishesthat PPT and VAT strongly influenced infrastructural development in the health care sector in Country. The study therefore recommends effective and efficient transparent collection of these taxes and political will to transparently spending this revenue towards boasting the health care development in the Nigeria.
| Published in | Journal of Finance and Accounting (Volume 10, Issue 1) |
| DOI | 10.11648/j.jfa.20221001.12 |
| Page(s) | 19-24 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Tax Revenue, Healthcare Infrastructure, Nigeria
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APA Style
Lateef Olumide Mustapha, Lasisi Isiaka Olalekan, Adegboye Damilola, Ajepe Ayobami, Isife Bibian Ngozi. (2022). Tax Revenue Collections and Health Care Infrastructural Development in Nigeria. Journal of Finance and Accounting, 10(1), 19-24. https://doi.org/10.11648/j.jfa.20221001.12
ACS Style
Lateef Olumide Mustapha; Lasisi Isiaka Olalekan; Adegboye Damilola; Ajepe Ayobami; Isife Bibian Ngozi. Tax Revenue Collections and Health Care Infrastructural Development in Nigeria. J. Finance Account. 2022, 10(1), 19-24. doi: 10.11648/j.jfa.20221001.12
AMA Style
Lateef Olumide Mustapha, Lasisi Isiaka Olalekan, Adegboye Damilola, Ajepe Ayobami, Isife Bibian Ngozi. Tax Revenue Collections and Health Care Infrastructural Development in Nigeria. J Finance Account. 2022;10(1):19-24. doi: 10.11648/j.jfa.20221001.12
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Download@article{10.11648/j.jfa.20221001.12,
author = {Lateef Olumide Mustapha and Lasisi Isiaka Olalekan and Adegboye Damilola and Ajepe Ayobami and Isife Bibian Ngozi},
title = {Tax Revenue Collections and Health Care Infrastructural Development in Nigeria},
journal = {Journal of Finance and Accounting},
volume = {10},
number = {1},
pages = {19-24},
doi = {10.11648/j.jfa.20221001.12},
url = {https://doi.org/10.11648/j.jfa.20221001.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20221001.12},
abstract = {The serious challenges faced by the health sector in Nigeria in term of infrastructural decay in recent time are worrisome issues for the stakeholders in the health sectorthe degree of neglect in the sector couple with sustainable revenue sources like Taxation available for government to finance this sector infrastructure called for attention of the stakeholders. This study therefore assesses effect of tax revenue collections on health care infrastructural development in nation from 2013 to 2020. The study employed secondary data from CBN Statistical Bulletin and the office of Federal Inland Revenue for analysis. Revenue Collections from Company income Tax (CIT), petroleum Profit Tax (PPT), Education Tax (EDT) and Value Added tax (VAT) were used as proxies for Tax revenue collections while Government expenditure on health infrastructure was adopted as proxy for Health Care Infrastructural Development. Multiple linear regression method was adopted for data analysis. The paper establishesthat PPT and VAT strongly influenced infrastructural development in the health care sector in Country. The study therefore recommends effective and efficient transparent collection of these taxes and political will to transparently spending this revenue towards boasting the health care development in the Nigeria.},
year = {2022}
}
TY - JOUR T1 - Tax Revenue Collections and Health Care Infrastructural Development in Nigeria AU - Lateef Olumide Mustapha AU - Lasisi Isiaka Olalekan AU - Adegboye Damilola AU - Ajepe Ayobami AU - Isife Bibian Ngozi Y1 - 2022/01/08 PY - 2022 N1 - https://doi.org/10.11648/j.jfa.20221001.12 DO - 10.11648/j.jfa.20221001.12 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 19 EP - 24 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20221001.12 AB - The serious challenges faced by the health sector in Nigeria in term of infrastructural decay in recent time are worrisome issues for the stakeholders in the health sectorthe degree of neglect in the sector couple with sustainable revenue sources like Taxation available for government to finance this sector infrastructure called for attention of the stakeholders. This study therefore assesses effect of tax revenue collections on health care infrastructural development in nation from 2013 to 2020. The study employed secondary data from CBN Statistical Bulletin and the office of Federal Inland Revenue for analysis. Revenue Collections from Company income Tax (CIT), petroleum Profit Tax (PPT), Education Tax (EDT) and Value Added tax (VAT) were used as proxies for Tax revenue collections while Government expenditure on health infrastructure was adopted as proxy for Health Care Infrastructural Development. Multiple linear regression method was adopted for data analysis. The paper establishesthat PPT and VAT strongly influenced infrastructural development in the health care sector in Country. The study therefore recommends effective and efficient transparent collection of these taxes and political will to transparently spending this revenue towards boasting the health care development in the Nigeria. VL - 10 IS - 1 ER -
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