Authors : Uwuigbe Uwalomwa, Uwuigbe Olubukunola Ranti, Adeyemo Kingsley and Anowai Nnenna Chinenye
Abstract: This study examined the effect of tax incentives on the overall performance of manufacturing industries in Nigeria. The study aimed at identifying the effect tax incentives would have on the performance of manufacturing firms. A total of 100 structured copies of questionnaire were distributed to the staff of the selected manufacturing industries. The hypotheses were tested using regression analysis. The results of the empirical findings showed that tax incentives would affect the funds available for investment in the manufacturing industries. The findings also show that companies that are privileged to enjoy tax incentives from the government are willing to pay their taxes as at when due and that tax incentives would significantly increase the number of manufacturing industries in Nigeria. The study therefore, recommends that there should be more awareness among manufacturing companies in Nigeria on the tax incentives available to them. They should also be encouraged to take advantage of the tax incentives in order to increase the number of manufacturing industries in Nigeria.
Uwuigbe Uwalomwa, Uwuigbe Olubukunola Ranti, Adeyemo Kingsley and Anowai Nnenna Chinenye, 2016. Tax Incentives and the Growth of Manufacturing Firms in Nigeria. The Social Sciences, 11: 1338-1342.