Effect of Informal Sector Tax Revenue on Capital Development in Lagos Metropolis

Economics and Business

Afolabi Adegboyega¹  Madariola Folasade Ajewole¹  Olabisi Jayeola²  Olagunju Adebayo³ 

[1] Crescent University, Abeokuta, Nigeria;Federal University of Agriculture, Abeokuta, Nigeria;Osun State University, Osogbo, Nigeria;

关键词: association;    market women and men;    petty traders and capital development;    h2;    h23;    25;    26;   

DOI  :  10.2478/eb-2020-0001

来源: DOAJ

【 摘 要 】

The study investigates the effect of informal sector tax proceeds on capital development in Lagos Metropolis. The study adopted Ex-post facto design to obtain secondary data, covering 20 years (2000–2019) from the Lagos State Internal Revenue Service and the Ministry of Budget and Planning. All the series were tested for normalities to determine the appropriateness of Ordinary Least Square (OLS) regression. The results of the study revealed that tax collected from the association, petty traders, and market men and women had a significant effect on capital development in Lagos Metropolis. It is evident from the monumental capital projects being executed by the government in the Metropolis. The study recommends that the government should not only create an enabling environment for the informal sector to thrive but also give all necessary support for its survival because the sector has contributed to the capital development of the Metropolis through tax revenue.

【 授权许可】

Unknown