Thesis Abstract

Abstract
Taxation is a crucial tool for economic development in Nigeria, with its impact being particularly significant at the state level. This study focuses on the impact of taxation as an aid to economic development in Edo State, Nigeria. Edo State, like many other states in Nigeria, faces numerous challenges in terms of infrastructure development, education, healthcare, and overall economic growth. Effective taxation policies and practices have the potential to address these challenges and propel the state towards sustainable development. The research methodology employed in this study is a combination of qualitative and quantitative approaches. Data was collected through interviews, surveys, and analysis of existing literature on taxation and economic development in Nigeria. The study examines the current taxation system in Edo State, including the types of taxes levied, the efficiency of tax collection mechanisms, and the utilization of tax revenues by the state government. Findings from the study indicate that taxation plays a crucial role in supporting economic development in Edo State. The revenue generated from taxes is essential for financing public services and infrastructure projects that are vital for the state's growth. However, challenges such as tax evasion, inadequate tax compliance, and inefficiencies in tax administration pose significant obstacles to maximizing the potential impact of taxation on economic development. The study also highlights the importance of effective tax policies and administration in ensuring that taxation contributes positively to economic development. Recommendations are made for improving tax compliance through better enforcement measures, simplifying the tax system to enhance transparency, and increasing public awareness about the benefits of taxation. Additionally, the study suggests that the Edo State government should prioritize the efficient utilization of tax revenues by investing in key sectors such as education, healthcare, and infrastructure. In conclusion, this research underscores the critical role of taxation as an aid to economic development in Edo State, Nigeria. By implementing sound tax policies and practices, the state can harness the potential of taxation to drive sustainable development, improve public services, and foster economic growth. Addressing the challenges facing the tax system and maximizing revenue generation will be essential for unlocking the full benefits of taxation for the state's development agenda.

Thesis Overview