Tax Revenue Collections and Health Care Infrastructural Development in Nigeria

Lateef Olumide Mustapha; Lasisi Isiaka Olalekan; Adegboye Damilola; Ajepe Ayobami; Isife Bibian Ngozi

doi:doi:10.11648/j.jfa.20221001.12

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Tax Revenue Collections and Health Care Infrastructural Development in Nigeria

Lateef Olumide Mustapha, Lasisi Isiaka Olalekan, Adegboye Damilola, Ajepe Ayobami, Isife Bibian Ngozi

Published in Journal of Finance and Accounting (Volume 10, Issue 1)

Received: 9 December 2021 Accepted: 28 December 2021 Published: 8 January 2022

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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.

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), 2022. Published by Science Publishing Group

Keywords

Tax Revenue, Healthcare Infrastructure, Nigeria

References

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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

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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

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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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@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}
}

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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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Author Information

Lateef Olumide Mustapha

Department of Accounting, Nigerian Defence Academy, Kaduna, Nigeria
Lasisi Isiaka Olalekan

Department of Accounting, Airforce Institute of Technology, Kaduna, Nigeria
Adegboye Damilola

Department of Accounting, Nigerian Defence Academy, Kaduna, Nigeria
Ajepe Ayobami

Department of Accounting, Nigerian Defence Academy, Kaduna, Nigeria
Isife Bibian Ngozi

Kaduna Center, National Open University of Nigeria, Kaduna, 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

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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

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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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@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}
}

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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  -

Copy | Download