Effect of Tax Revenue Generation on Economic Growth in Nigeria (Published)
Citation: Confidence Joel Ihenyen and Tovie Annabel Stephen Ogbise (2022) Effect of Tax Revenue Generation on Economic Growth in Nigeria, International Journal of Business and Management Review, Vol.10, No.2, pp.44-53
Abstract: The contribution of taxation to all economies around the world cannot be exaggerated. Apart from the revenue function it performs for the government, it is also used to help the country achieve its macroeconomic goals in the areas of fiscal and monetary policy. While a significant portion of Nigeria’s income comes from taxes, it has long been observed that the role of taxation in stimulating economic activity and growth remains unrecognized especially in the area of infrastructure and basic equipment. Earlier documents have shown that tax revenues in developed countries have a significant impact on economic growth, which is clearly reflected in the services provided by these countries. Therefore, the main purpose of this study is to investigate the relationship between Nigerian tax revenues and economic growth in Nigeria. Multiple linear regression analysis was used to analyze the data using the Microsoft Excel package. As a result, petroleum profit tax, company income tax and value added tax have a positive impact on Nigeria’s economic growth, while custom excise and duties have a negative impact, but overall, between tax revenue and Nigeria’s economic growth, there is a significant correlation. The use of generated tax revenue is a serious concern, requires special attention of policy makers, taxpayer violations of tax law are obstacles, and inefficient tax administration is a sufficient loophole for tax evasion. As a result, income is reduced. In particular, the Tax Administration is only responsible for qualified professionals and trusted persons, and it is advisable to thoroughly educate the importance of taxes for the entire population.
Keywords: : Generation, Economic, Growth, Revenue, Tax
The Effect of Multi-Generational Workforce on Work Productivity in Mitsubishi Motors Philippines Corporation (Published)
The purpose of this study is to determine the various effects of multi-generational workforce on work productivity in Mitsubishi Motors Philippines Corporation. The company would benefit first hand from the findings derived from this study in successfuly leading and managing the multi-generational workforce with the presence of inspiring leadership and a strong company culture to support the employees in working towards the company’s vision and mission.
Keywords: : Generation, Baby Boomers, Generation X, Generation Y, Generation Z, Productivity
Understanding Guests’ Generation: A Strategy for Hoteliers (Published)
The study assess trends in service delivery in independent hotels in Ogun State. It classified hotel guests based on the generation they belong to using their period of birth as adopted from Goldman Sachs Global Investment Research (GSGIR). This include, the Baby Boomers, Baby Busters (Generation X) and the Millennials (Generation Y). The investigation focused on the challenges facing hotels and the attributes of various category of people that patronizes independent hotels, their expectation and how hotelier can surpass it. Multistage sampling techniques were used for sample selection. Twenty-four (24) independent hotels were selected from the four major towns in each of the four geopolitical zones that makes up Ogun State using purposive and systemic sampling methods. Simple random sampling method was further used to select four hundred and twenty (420) respondents among guests patronizing the selected hotels. Questionnaires and keys informant interview methods were used for data gathering. Findings of the study revealed that, independent hotels are mostly facing the challenge of poor patronage, unfavourable government policy, high running cost to mention a few. It was also revealed that, independent hotels are mostly patronized by the Millennials (51%) which are mostly male (77%) and are single (67%). Interview with managers of hotel revealed that recent trends in the industry was largely brought by innovations in technology, marketing strategies, human relation and social values which has given birth to several products and services offered by various hotels. The study concludes that, hotels that intend to boost sales to overcome many of their challenges especially in highly competitive regions should intensify efforts to better understand expectations of various generation of customers and which of these generations is most dominant in their region. The study recommends that, hotels that are yet to upgrade their products and services should carve a niche market for themselves that will focus on the dominant group, marketing this group and satisfactorily meeting the expectations of this category of guest without compromising the needs of other category of guests.
Keywords: : Generation, Guest, Hoteliers