Rentier states usually depend on external capital from the extraction and demand of important natural resources under the total control of administration, run by a ruling elite group. Amassed resources is transferred to the populace in consideration of the society’s refrain from gettv political power. A rentier state's basic responsibility is then ‘wealth distribution’ alternatively ‘wealth invention’ from the populace through any somewhat taxation. Based on the above narrative, the study aims to try the rentier state syndrome in Nigeria and by virtue of what it affects tax revenue, that is largely established non-oil sector happening. The study established that overreliance on lubricate rents over the years has adversely stirred tax revenues, and consequently approximate government revenue in Nigeria. It more revealed that recent financial disruptions in the global lubricate market and oil subdivision mismanagement have overwhelmed the financial and economic benefits of lubricate in the country. The study identified tactics measures such as economic variety, tax-code corrects, improved tax transparency and orderly review of tax expenditure, to switch the tax campaign and improve tax revenues in Nigeria.
Author(s) Details:
Andrew Aondohemba Chenge,
Department
of Public Administration, Federal University Wukari, Nigeria.
Grace
Oluseyi Oshinfowokan,
National
Institute for Policy and Strategic Studies, Kuru, Jos, Plateau State, Nigeria.
Please see the link here: https://stm.bookpi.org/AOBMER-V4/article/view/12345
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