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Basil Eja

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Papers by Basil Eja

Research paper thumbnail of Effect of Selected Macroeconomic Variables on Money Supply in Nigeria

With the large observed discrepancies between money supply target and outcome overtime in Nigeria... more With the large observed discrepancies between money supply target and outcome overtime in Nigeria despite the assertion that money supply growth is independently and exogenously determined by the central bank, this study principally centred on the effect of selected macroeconomic variables on money supply in Nigeria, using annual time series data from 1970-2011. The main objectives of the study were to ascertain how changes in selected macroeconomic variables affect money supply growth as well as testing the money supply endogeneity hypothesis in Nigeria. To achieve the above objectives, the study employs the Augmented Dickey Fuller (ADF) and Philip-perron (PP) unit root test, cointegration test, Granger causality test and Error correction mechanism (ECM) in testing and in the estimation of the relevant equations. The results of the cointegration tests showed that there is a long-run relationship among the macroeconomic variables in the model. The results of the short-run and the lo...

Research paper thumbnail of Inhibiting factors to tax revenue generation in Cross River State, Nigeria

Global Journal of Social Sciences

This study examined the inhibiting factors to tax revenue generation in Cross River State, Nigeri... more This study examined the inhibiting factors to tax revenue generation in Cross River State, Nigeria. The specific objectives were to examine the effect of tax evasion and avoidance, lack of infrastructural facilities and experienced personnel on tax revenue generation in Cross River State. To achieve these objectives, a well structure questionnaire was development and administered on 169 sampled staff of Cross River State board of internal revenue. Out of these questionnaires 164 were duly completed and returned. These responses were coded and used for analyses with the help of the SPSS software The cross sectional survey design was adopted and the ordinary least squared multiple regression technique was used to analyze the data. From the analyses it was discovered that there is a negative correlation and insignificant relationship between lack of infrastructural facilities and government tax revenue in Cross River State; also, there is a negative and significant relationship between tax evasion and avoidance and government tax revenue in Cross River State, Nigeria and lastly, there is a positive and significant relationship between experienced personnel and government tax revenue in Cross River State, Nigeria. Based on these finding the study recommends that government should encourage tax payers' morale through the provision of quality infrastructural facilities and other incentives to enhance its revenue generation. Also, Strategies to reduce tax evasion and avoidance should be formulated by strengthening the policy framework and operational guidelines of the Cross River State internal revenue service and adopting an evidence base government spending. Lastly, Cross River State internal revenue service should embark on adequate staff training and development on new methods of enhancing tax compliance within the state.

Research paper thumbnail of Effect of Selected Macroeconomic Variables on Money Supply in Nigeria

With the large observed discrepancies between money supply target and outcome overtime in Nigeria... more With the large observed discrepancies between money supply target and outcome overtime in Nigeria despite the assertion that money supply growth is independently and exogenously determined by the central bank, this study principally centred on the effect of selected macroeconomic variables on money supply in Nigeria, using annual time series data from 1970-2011. The main objectives of the study were to ascertain how changes in selected macroeconomic variables affect money supply growth as well as testing the money supply endogeneity hypothesis in Nigeria. To achieve the above objectives, the study employs the Augmented Dickey Fuller (ADF) and Philip-perron (PP) unit root test, cointegration test, Granger causality test and Error correction mechanism (ECM) in testing and in the estimation of the relevant equations. The results of the cointegration tests showed that there is a long-run relationship among the macroeconomic variables in the model. The results of the short-run and the lo...

Research paper thumbnail of Inhibiting factors to tax revenue generation in Cross River State, Nigeria

Global Journal of Social Sciences

This study examined the inhibiting factors to tax revenue generation in Cross River State, Nigeri... more This study examined the inhibiting factors to tax revenue generation in Cross River State, Nigeria. The specific objectives were to examine the effect of tax evasion and avoidance, lack of infrastructural facilities and experienced personnel on tax revenue generation in Cross River State. To achieve these objectives, a well structure questionnaire was development and administered on 169 sampled staff of Cross River State board of internal revenue. Out of these questionnaires 164 were duly completed and returned. These responses were coded and used for analyses with the help of the SPSS software The cross sectional survey design was adopted and the ordinary least squared multiple regression technique was used to analyze the data. From the analyses it was discovered that there is a negative correlation and insignificant relationship between lack of infrastructural facilities and government tax revenue in Cross River State; also, there is a negative and significant relationship between tax evasion and avoidance and government tax revenue in Cross River State, Nigeria and lastly, there is a positive and significant relationship between experienced personnel and government tax revenue in Cross River State, Nigeria. Based on these finding the study recommends that government should encourage tax payers' morale through the provision of quality infrastructural facilities and other incentives to enhance its revenue generation. Also, Strategies to reduce tax evasion and avoidance should be formulated by strengthening the policy framework and operational guidelines of the Cross River State internal revenue service and adopting an evidence base government spending. Lastly, Cross River State internal revenue service should embark on adequate staff training and development on new methods of enhancing tax compliance within the state.

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