Is COVID-19 Pandemic Rewriting the Rules of Corporate Governance in Nigeria?

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dc.contributor.author*Animashaun, O.* & Chitimira, H.
dc.date.accessioned2026-06-04T12:57:30Z
dc.date.available2026-06-04T12:57:30Z
dc.date.issued2022
dc.description.abstractThe damage caused by the coronavirus disease (COVID-19) pandemic to the fragile Nigerian economy is incalculable. The Nigerian economy was further weakened by the corruption of government officials involving the palliative measures put in place to provide financial relief to companies and individuals affected by the COVID-19 pandemic. Since the Nigerian economy relies mostly on crude oil revenue, its focus on tax is less emphasised and tax evasion is pervasive. Consequently, the Nigerian tax on gross domestic product (GDP) is only about 6 per cent. This article examines the adequacy of the legal and/or statutory measures aimed at curbing tax evasion in Nigeria. The post-COVID-19 revenue shortfall has made the Nigerian federal and state governments raise the existing taxes, introduce new taxes, and adopt more aggressive tax collection methods. Consequently, taxpayers now use tax exemptions and incentives as devices for tax evasion. Moreover, there is rampant non-remittance of tax proceeds by government ministries, departments, and agencies to the tax authorities. Thus, despite the introduction of various laws, policies, and directives to curb tax evasion, especially after the COVID-19 pandemic, tax evasion challenges still persist. Accordingly, it is submitted that good governance, integrity, and transparency in handling public funds are required to reduce and combat tax evasion in Nigeria
dc.identifier.citation*Animashaun, O.* & Chitimira, H. (2022): Is COVID-19 Pandemic Rewriting the Rules of Corporate Governance in Nigeria? Perspectives of Law and Public Administration, 11 (4): 545-565, Available online at https://www.academia.edu/96878498/Animashaun_OO_and_ChitimiraH_Is_the_Covid_19_ Pandemic_Rewriting_the_Rules_of_Corporate_Governance_in_Nigeria_2022_perspectives_of_ Law_and_Public_Administration_545_565
dc.identifier.issn2601-7830
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/7366
dc.language.isoen
dc.publisherSociety of Juridical and Administrative Sciences, Bucharest University, Romania
dc.titleIs COVID-19 Pandemic Rewriting the Rules of Corporate Governance in Nigeria?
dc.typeArticle
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