Browsing by Author "Adekanmbi Micheal, Oluwakayode"

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    Digitalization of Environmental Tax: The Right Tax Policy Reform for Nigeria
    (Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Iliya, Garba; Adekanmbi Micheal, Oluwakayode; Adekanmbi, John Ayodele
    The paper examined different tax policy options that are currently under consideration in Nigeria economy in supporting tax policy and its administration reforms. Online tax systems are rapidly replacing cumbersome manual based tax reporting systems which help the ease of doing business in Nigeria by reducing human intervention in the payment and collection of tax and by extension, checks the possibility of connivance of tax officials with fraudulent tax payers to evade tax. Qualitative method was used in generating data for the studies of which tax consultant and policy makers were randomly selected in the north east part of the country, and free rider theory was adopted for the research work. It has been recommended that digitalizing environmental taxes are the most efficient tax policy of pursuing many environmental policy goals. There is also the need for consistency and transparency in the policies. Because imposition of any environmental tax requires countries to be fair, transparent and keep environmental objectives as priorities.
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    Impact of International trade on Economic Growth of Nigeria (1989 – 2018)
    (Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Adekanmbi Micheal, Oluwakayode; Adekanmbi John, Ayodele
    International trade plays a significant role in the economy of a country. It lets to fulfil the needs of the population of the country, stimulates the internal development. International trade is the exchange of goods and services between countries. The aim of this study is to investigate the impact of international trade on economic growth of Nigeria. It does so by employing the annual data over the period 1989 to 2018. The data used for the study was annual time series data collected from Central Bank of Nigeria (CBN) Statistical Bulletin, World Bank Economic Development Indicator for Nigeria on the internet covering the period of 1989 to 2018. Ordinary least square regression (OLS) estimation technique was employed in estimating the various component of international trade. The study showed that there is a significant effect of export on Nigeria economic growth and also reveal there is no significant effect of import on Nigeria economic growth. Therefore, the study recommends that For Nigeria to grow and have a high living standard, it must be ready to compete with the best in terms of production capacity, in today ‘s world, a country ‘s product must stand up to international competition if they are to survive. For Nigeria to gain access into the international markets, it must transform its raw materials into value-added products, improve quality and ensure consistency in its production capacity.