IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 10 NO. 9 2024
DOI: 10.56201/jafm.v10.no9.2024.pg14.26

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Investigating the Impact of Tax Incentives and Infrastructural Support on Entrepreneurship Attraction and Development in Nigeria

Osirim, Monday (PhD, FCA), Ahiakwo, U. Simon (PhD) and Barigbon, M. Tornubari (MSC)

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Abstract

This paper assesses the impact of tax incentives and infrastructural development on entrepreneurship in Nigeria. To achieve the set objective, primary data was used through administered questionnaire. The collected data was empirically analyzed using descriptive analysis and the Kendall’s tau_b”t” non-parametric statistics correlation coefficient given that the study is about the strength of the relationship between tax incentives and entrepreneurial development on one hand and infrastructural support for entrepreneurship development on the other hand. A sample of two hundred and twenty seven (227) respondents drawn from entrepreneurs in the agriculture, telecommunication, service and manufacturing sectors were used to conduct the study. The outcomes of the study show that there is negative and no significant relationship between tax incentives ( pioneer status, export incentives and general incentives) and entrepreneurship in Nigeria and that there is positive and no significant relationship between infrastructural development and entrepreneurship in Nigeria. It was recommended based on the research outcomes that there is urgent need for government to provide adequate infrastructural development in Nigeria; and tax incentives to entrepreneurs should be robust and meaningful. Furthermore, the current tax incentive schemes must be seen to be beneficial to entrepreneurs as well as support economic growth of the country

keywords:

tax incentives, infrastructural support, entrepreneurship, pioneer status, export

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