TABLE OF CONTENT
CONTENT
Title page……………………………………………………… ……. ii
Certification……………………………………………………………
iii
Dedication……………………………………………………………. iv
Acknowledgement………………………………………………….. v
Table of
content…………………………………………………….. vi
Abstract………………………………………………………………
xii
CHAPTER
ONE
INTRODUCTION
1.1
Background
of the study………………………………….. 1
1.2
Statement
of research problem.…………………………. 3
1.3
Objective
of the study………………………………………. 3
1.4
Statement
of hypothesis……………………………………. 4
1.5
Significance
of the study ………………………………… .. 4
1.6
Scope
of the study …………………………………………. 5
1.7
Limitation
of the study……………………………………. 5
1.8
Historical
background of Union Bank of Nigeria Plc… 6
1.9
Definition
of terms……………………………………………. 7
References
CHAPTER
TWO
LITERATURE
REVIEW
2.1
Introduction……………………………………………………9
2.2
Sectoral
emphasis on risk …………………………………11
2.3
Nature
of Nigerian sectoral risk……………………………12
2.4 Risk consolidation ……………………………………………39
2.5 Instituting a comprehensive
liquidity………………………45
2.6 Relative importance of
capital………………………………..47
2.7 Making consistent risk for
management ………………….48
2.8 Bank supervision………………………………………………..54
Reference………………………………………………………………55
CHAPTER
THREE
RESEARCH
METHODOLOGY
3.1 Introduction……………………………………………………57
3.2
Research
design……………………………………………….57
3.3 Population of the study ……………………………………….57
3.4 Research sample and sampling technique………………..57
3.5 Method data collection …………………….………………….58
3.6 Research instrument ………………………………………….59
3.7 Data collection analysis……………………………………….59
3.8 Decision rule……………………………………………………60
Reference………………………………………………………………61
CHAPTER
FOUR
DATA
PRESENTATION AND ANALYSIS
4.1
Questionnaires
analysis………………………………………62
4.2 Analysis of demography
characteristics of respondents…………………………………………………….63
4.3
Analysis
of research questions……………………..……...65
4.4
Test
of hypothesis ……………………………………………76
CHAPTER
FIVE
SUMMARY
OF FINDINGS RECOMMENDATION AND CONCLUSION
5.1
Summary
of Findings………………………………………82
5.2
Recommendation……………………………………………82
5.3
Conclusion……………………………………………………84
Bibliography………………………………………………………..85
Appendix……………………………………………………………..88
Abstract
Taxation
and its product, Tax have been very important vehicles for economic policies of
many countries of the world. For a very long time, tax has been a major source
of revenue for various levels of governments. For instance, in Nigeria, the
laws of the land stipulate the categories of taxes that are collectable by each
of the three tiers of government. This is with a view to enhancing basic
economic growth and development at all levels of government. However, the
manner in which taxes are administered on corporations in Nigeria is a major
concern to the majority of Nigerians. Traditional schools
of thought advocated
the theory of
low income tax
rates’ influencing economic development, whereas modern schools
of thought propagated
the theory of
higher income tax
rates producing greater economic growth, especially for developed
nations. In order to justify these thoughts, an attempt was made taking Nigeria
as a case study to pin point the effect of low and high income tax rates on
economic growth of developing nations. Secondary data sources were utilized in
this study. In this study various parameters were taken into account including
income tax rates,
income tax revenue,
total revenue and GDP of
the country in the
nominal and real value of the money. It was located that
high income tax rates negatively affect the economic growth of Nigeria. The
study found that government’s policies on income tax affect the revenue of
corporations in the country. It was concluded that tax regulation is very
relevant in order for government to be able to act justly on the various
sectors of the economy.