Profitability in manufacturing companies in Nigeria depends on the ability of the companies to grow their earnings and tame their cost profile through cost control techniques. Many manufacturing companies seem not to understand these costs and the impact they have on profitability. This study examined the effect of cost control on the profitability of selected manufacturing companies in Nigeria. The population of the study was the 78 manufacturing companies listed on the Nigeria Stock Exchange as at 31st December 2017. A sample frame of 23 companies listed on the consumer goods sector was selected out of which five companies were considered for a period of 10 years (2005 – 2017). The study adopted a judgmental sampling technique. Data were obtained from the audited financial statement, and the accounts have already validated by regulatory authorities. The study took descriptive and inferential (regression) statistics. It was found that there is a significant negative relationship between the cost of raw materials (CoRM) and profit before tax of manufacturing companies in Nigeria. The study concluded that cost control has a significant positive effect on the profitability of manufacturing companies in Nigeria for the period under review. Therefore, it is recommended adequate management and alternative sourcing of raw materials.

Government in recent time gave attention to tax to enhance economic growth because of the persistent dwindling proceed of oil revenue to the Nigeria economy. To address this gap, the study examined the effect of voluntary assets and income declaration scheme (VAIDs) on economic growth of Nigeria. The study employed expost facto research design using while using macro data for the period 1994 to 2019. The statistical bulletin of the central bank of Nigeria and information from National Bureau of Statistics were sourced and used alongside relevant journals. Descriptive and inferential statistics emplying multiple regressions were adopted in data analysis as the date were already validated by regulators and statutory authorities. Findings from the study revealed that VAIDs proxied by custom and excise duties, company income tax and value added tax) have significant effect on economic growth. (Adj. R2 = 0.51, F (3,21) = 9.211, p< .0.05). The study submitted that VAID was a success programme that contributed significantly to economic growth of the nation. Therefore, to increase participation and continued compliance, mechanisms must be put in place to strengthen the current tax system and also ensure participants comply with their payment of taxes even after the end of the Scheme. While the revenue generating units of the governments are encouraged to do more, the study further recommended that VAID should be a one-off amnesty programme for tax defaulters

No abstract