Editorial Board


Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria





Cletus O. Akenbor


This study aimed at investigating the extent to which covid-19 charitable donation affects tax shield of donors in Nigeria. The study adopted a survey research design, and the population of the study consisted of donors of the N500 billion covid-19 crisis intervention fund established by the Federal Government of Nigeria to contain the effect th of corona virus pandemic as at 18 April, 2020.However, a sample of forty-six (46) donors/businesses was considered for this study. The data for the study were obtained th from the Nairametrics Business News of 18 April, 2020. The data were analysed with mean, standard deviation, minimum and maximum values, and Ordinary Least Square (OLS) regression technique. Findings of the study showed that charitable donation made by Nigerians to combat covid-19 pandemic has a significant relationship with tax shield of the donors as such contribution has resulted in an average tax savings of N167.9 million and a maximum tax savings of N600 million. It was also gathered in this study that size moderates the association between covid-19 charitable donation and tax shield. Large companies tend to donate more to the covid-19 crisis intervention fund in a bid to reduce their higher tax burden. In view of the above, the following recommendations were made: an aggressive tax campaign should be made by the appropriate government agency to sensitize tax payers of the tax benefit of such donations so as to encourage more tax payers to contribute to the fund; donation of a capital nature should be considered as tax deductible; the Personal Income Tax Act should be reviewed to accommodate private individuals to make tax deductible donation to such a cause; and the provision of the Companies Income Tax Act, which states that donations should not exceed 10% of gross profit or income should equally be reviewed upward to encourage donors to contribute more to the fund to achieve the set target of N500 billion.