Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)
ABSTRACT
The work was on the impact of taxation on foreign direct investment in Nigeria
(1970-2009), dealing with secondary data from the Shell Petroleum Development
Company (SPDC) and the National Bureau of Statistics. Regression analysis with (OLS)
technique was used. Our findings indicate that there is a positive correlation between
government expenditure, manufacturing output, inflation and foreign direct investment
(FDI). Petroleum represents a very important mineral in Nigeria economy. The
economic well-being of the citizenry is now completely dependent on petroleum. This
means that petroleum touches every facet of human life in Nigeria. However, company
tax was negatively correlated. Based on these findings, we found out that taxation has
contributed insignificantly to foreign direct investment (FDI) and therefore recommend
that, government intensifies efforts towards positive fiscal policy reform by
encouraging foreign direct investment (FDI) through low corporate tax rates and
identify and implement instruments including control of inflation that encourage
foreign direct investment.
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NWAKOR, O (2021). Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2
OGADINMA, NWAKOR. "Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 10 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2. Accessed 25 Nov. 2024.
OGADINMA, NWAKOR. "Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 10 Jun. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2 >.
OGADINMA, NWAKOR. "Effect Of Tax Incentive On Foreign Direct Investment On Petroleum Upstream Sector (A Case Study Of Shell Development Company)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-tax-incentive-on-foreign-direct-investment-on-petroleum-upstream-sector-a-case-study-of-shell-development-company-7-2