An Assessment of Nigeria Petroleum Tax Regime Strategy on Foreign Direct Investment
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
The study explores and assess the fiscal regime strategy Nigeria opted for in relation to foreign direct investment (FDI). The methodology adopted for the study was both descriptive and exploratory research methods with content analysis drawn from the theoretical and empirical literature on the subject matter. The findings of the study suggest that the Nigerian oil and gas industry experienced a continuous declined in FDI because of the country’s fiscal terms arrangement, as such, it could be argued that the oil and gas subsector of the Nigerian economy was not appropriately tapped on the account of the poor regulatory framework couple with weak institution. The study therefore recommends ring fencing the oil and gas activities, as the absence of it may postpone government tax revenue against the income of projects that already generating taxable income and fiscal stability clauses as a tool of stimulating FDI and generate more oil revenue to the government.
Authors and Affiliations
Mustapha Ibrahim, Hafsat Bukar Adamu, Ali Usman Mamuda
Keywords
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- EP ID EP414983
- DOI 10.9790/5933-0906016266.
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