JOURNAL OF ACCOUNTING AND BUSINESS

GOVERNMENT POLICY ON BORDER CLOSURE AND TAX REVENUE GENERATION

DR. EKOROWIRO VIOLET OSA-ERHABOR, DR. TOLUWA OHIDOA

January 24, 2025

Citation

JOURNAL OF ACCOUNTING AND BUSINESS , Vol. 12 (1) (2025) , pp. 1-20

Details

ISSN: 1596-9912
Published: January 24, 2025
Status: Published

Abstract

This study investigates Government policy on border closure and tax revenue generation. The Study explores the conceptual impact of border closure Policy on tax revenue generation, using library method. Government policies on border closure have been employed by various countries to achieve economic goals or otherwise, the closure of borders can have both positive and negative influence. This study employs a comparative analysis approach, using secondary data comparing four years before border closure and during the closure. Nigeria's border closure policy has been successful in boosting tax revenue with exception to year 2020, which was peculiar due to COVID 19 Pandemic. Findings reveal that Nigeria's border closure policy has led to an increase in tax revenue. However, Since the border was closed down in August 20th,2019 in Nigeria till date 2024 for Agricultural products, there has been no time that items for which the border was closed were not found in the market. Also, looking at the export and import data it has kept increasing as it (border closure) has not affected revenue so far, it is recommended here that the border be kept open, so as to reduce the high cost of items in the market and increase more income to the government of the nation-Nigeria.

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