Browsing by Author "Abayomi Oluwaseun ADELEYE"

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    Tax Revenue and Infrastructural Development of Health Sector in Nigeria
    (Lead City University, 2023-12) Abayomi Oluwaseun ADELEYE
    A nation's healthcare infrastructure is a cornerstone of its socioeconomic development and the well-being of its citizens. In the case of Nigeria, a nation known for its diverse and dynamic landscape, the provision of accessible and high-quality healthcare services presents an ever- pressing challenge. Against the backdrop of a rapidly growing population and an ever-evolving healthcare landscape, the ability of the government to fund and enhance the healthcare system becomes paramount. Hence, this study examined the impact of tax revenues collected by the federal government of Nigeria on infrastructural development of the health sector. The study adopted an ex post facto research design. The data required for the study was obtained from secondary sources through relevant federal government agencies such as CBN Statistical Bulletin, Federal Inland Revenue Services (FIRS). Tax revenue collected from CIT, PPT, EDT, and VAT sources from 2013 to 2021 made up the population of the study. Sample size consists of all tax revenue collected between 2013 and 2021 because, most of the data last update (like FIRS) was 2021. The findings from the descriptive analysis showed that average level of inflation rate in Nigeria for the period under study (2013-2021) is approximately 12.4% which is relatively high. The hypothesis showed that the expenditure on Health Infrastructural Development has positive relationship with company income tax (CIT), Petroleum Profit Tax (PPT), Value Added Tax (VAT) and has a non-significant positive relationship with Education Tax (EDT). The study therefore concluded that the that petroleum profit Tax (PPT) and Company Income Tax (CIT) and Value Added Tax (VAT) are the only three taxes that significantly influences the development healthcare infrastructure in Nigeria while Education Tax do not significantly influence health care infrastructural development in the country. The study recommended that effective, efficient and transparent structure of collection should be encouraged to support the contribution of these taxes to transparently spending these funds generated on health care development in a manner that will improve the nations Heath facilities and also adequate and transparent revenue should be generated through Value Added Tax (VAT). Keywords: Federal Government, Health Sector, Infrastructural Development, Nigeria, Tax Revenues Word Count: 340