AN ASSESSMENT OF COVID 19 PANDEMIC TAX INCENTIVES AND ITS IMPACT IN NIGERIA
James Uchenna Okpe and Dr. Luper Lorpev
Volume 2 Issue 2
Abstract
This study has examined the Covid 19 Pandemic Tax Incentives and its Impact in Nigeria. The coronavirus disease of 2019 (COVID-19) pandemic has come with a number daunting challenges in Nigeria. It shocked Nigeria and even overwhelmed the health systems of both the low and high -income earners in Nigeria. Undoubtably and predictably, the pandemic has elicited economic, social and medical responses from the public and the Nigeria governments, respectively. The treatise adopted qualitative research, using content analysis and mainly secondary sources for interrogating the topic of research. Secondary sources provide good overviews of the subject of research, as well as provide vital background information, which adds value to the topic being investigated. The findings of this research shows that though, the Federal Government of Nigeria (FGN) and the states of the federation were proactive and swift in dishing out stimulus response packages to the citizenry, but it was not all encompassing as it did reach out evenly to the most vulnerable and less privileged of the country. The author concluded that that Covid 19 tax incentive is laudable, but however, it is a temporary effort to mitigate poverty among the citizenry but the actual upliftment of the citizenry lies mainly in addressing the root causes of poverty and its multiplier effects. The authors recommended that the government should endeavour to mitigate or even eradicate poverty through good and pragmatic programmes that would put smiles in the face of the citizenry. Key words: Nigeria, Covid 19, Pandemic, Tax incentives, Economic activities, Palliatives
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