IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 9 NO. 11 2023
DOI: https://doi.org/10.56201/jafm.v9.no11.2023.pg1.10

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Accounting for Economies of Underground Business Sector amidst the Crave for Entrepreneurship Development in Nigeria

Eyong I Ogbada, PhD, FCCA, MTMN, Paul N. Onulaka, PhD, FCCA

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Abstract

The study examined the accounting for economies of underground business sector amidst the crave for entrepreneurship business in Nigeria. The specific objectives were to ascertain the effect of underground economy on real gross domestic product. The study adopted ex-post facto research design. The study period covered from 2000 to 2022. The stated hypotheses were analysed with simple regression. The findings of the study revealed underground economy has negative and insignificant impact on real gross domestic product. It was recommended that government should come up with policy that will reduce underground to the barest minimum that will enhance the economy.

keywords:

Accounting for economies, entrepreneurship business, and underground business sector in Nigeria

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References:

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Anwar, S., Akbar, R., Akbar, M.W. & Azhar, A. (2017). Measuring the size of underground
Economy in Pakistan: A microeconomic approach. Journal of Applied Environmental and
Biological Sciences, 7(8), 84-93.

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