Corporate Governance Structure and Tax Evasion of Listed Manufacturing Companies in Nigeria

Aderibigbe Sadiq, Babatunde Ajayi & Babatunde Ogunsanya, Volume 6 Issue 1, July 2025 Pages 82-93, Published: 2025-06-02

Abstract

The study examines how corporate governance practices affect Nigerian listed manufacturing businesses' tax evasion and avoidance. Annual reports of the twenty-three sampled companies from 2014 to 2023 served as the secondary source of data for the study. Regression, correlation, and descriptive statistics were used to examine the data obtained The study discovered that while board gender has a major influence on tax avoidance and evasion of listed manufacturing companies in Nigeria, corporate governance structure (board knowledge and experience, CEO salary, and ethical culture) had a negligible effect on tax evasion. The study concluded that higher effective tax rates are linked to a board that is more gender-balanced and varied. Among other factors the research suggests that regulations be put in place to promote gender diversity on the boards of directors of Nigerian manufacturing companies that are listed