Willingness to Pay Carbon Tax by SMEs in Ekiti State, Nigeria: A Comparative Study of Agricultural and Non-Agricultural Sectors
- Ayotunde Ola Kolawole
- Sylvester Oluwadare Ojo
- Samuel Adeyemi Igbatayo
- Isaiah Oluwatobi Owolabi
- Kamal Adekunle Abdu-Raheem
- Moyinoluwa F. Adesakin and O.O. Mckelvin Agunloye
- ( paper pages. 401-426 )
Abstract
This study assessed the willingness to pay carbon tax among small and
medium-sized enterprises in the agricultural and non-agricultural sectors in
Ekiti State, Nigeria. Primary data was collected from 320 respondents through a
questionnaire. Descriptive and inferential statistics were used to analyse the
data. The results revealed that only one quarter of the SME operators were
willing to pay the carbon emission tax. It was found that attitude of small
businesses toward the environment, size of the business, the industry, annual
turnover, and education level of the business manager were the most important
factors determining willingness to pay carbon tax. The t-test showed no
statistically significant difference in the willingness to pay of agricultural
and non-agricultural small businesses. The study recommends that the Ekiti
State government establish robust legislation and foster collaboration among
SMEs.
Citation
Ayotunde Ola Kolawole, Sylvester Oluwadare Ojo, Samuel Adeyemi Igbatayo, Isaiah Oluwatobi Owolabi, Kamal Adekunle Abdu-Raheem, Moyinoluwa F. Adesakin and O.O. Mckelvin Agunloye.
2025.
"Willingness to Pay Carbon Tax by SMEs in Ekiti State, Nigeria: A Comparative Study of Agricultural and Non-Agricultural Sectors"
The Nigerian Journal of Economic and Social Studies,
67 (3): 401-426.
