ENVIRONMENTAL ACCOUNTING AND TAX REVENUE OF LISTED OIL AND GAS COMPANIES IN NIGERIA

Abstract

The aim of this study was to investigate the relationship between environmental accounting
and Tax Revenue growth in Nigeria within the period of 2012-2018. Specifically, it
investigated whether or not environmental accounting has a relationship with education tax
revenue growth. Data were gathered from Federal Inland revenue service (FIRS) Planning,
reporting and statistic department report for various years, and annual reports of the quoted
oil companies available from the Nigerian stock exchange. Regression analysis was employed
for the analysis of the data. Findings indicated that environmental accounting embarked
upon by the firms has significant relationship with Tax Revenue growth in Nigeria in terms of
the tertiary education tax revenue. This implies that mandatory environmental accounting
practices by oil companies in Nigeria should be adopted and enforced by the Nigerian stock
exchange and other regulatory bodies in Nigeria. The study recommended amongst others
that there should be a robust regulation that should make environmental accounting and
reporting mandatory for all listed firms in Nigeria; and sanction and other punitive measures
should be adopted by the government and regulatory bodies to ensure strict compliance