BEYOND BUDGETING PRACTICE IN NIGERIA PRIVATE SECTOR

ABSTRACT

The purpose of this study was to examine how much of a toll tax evasion and corruption have on the Nigerian economy. In this investigation, the writings of several authors were scrutinized. To facilitate the inquiry, the following three hypotheses were developed: There seems to be no correlation between corruption and tax evasion in Nigeria and the country's economic growth. The growing economy in Nigeria is not in danger from corruption. There is no proof that avoiding taxes hurts the Nigerian economy. The questionnaire is used to collect data for the research project. In order to measure how strongly respondents agreed or disagreed with each survey topic, we ran the collected data using the Pearson Chi-Square test in SPSS 22. Many things have been found as a result of the investigation. Economic expansion was shown to be greatly impacted by corruption. Economic development was shown to be significantly impacted by tax evasion.Corruption and tax evasion were shown to have a significant impact on GDP growth. The outcomes of this study suggest that regulatory organisations should use moral persuasion to ensure efficient policy enforcement. Teaching the public about tax systems, the gravity of tax evasion, and the potential repercussions of tax evasion is important. Nigeria's economic growth and development have been stymied by widespread tax evasion. Therefore, it is hypothesised that ethical leadership and taxpaying patriotism are the foundations upon which corruption and tax evasion in Nigeria might be reduced or avoided.