{"id":23043,"date":"2025-04-08T17:09:50","date_gmt":"2025-04-08T17:09:50","guid":{"rendered":"https:\/\/journals.amssr.org\/grjaf\/?p=23043"},"modified":"2025-05-03T13:40:22","modified_gmt":"2025-05-03T13:40:22","slug":"promoting-u-s-export-to-nigeria-navigating-the-nigeria-revenue-service-establishment-bill-2024","status":"publish","type":"post","link":"https:\/\/journals.amssr.org\/grjaf\/2025\/04\/08\/promoting-u-s-export-to-nigeria-navigating-the-nigeria-revenue-service-establishment-bill-2024\/","title":{"rendered":"Promoting U.S. Export To Nigeria: Navigating the Nigeria Revenue Service Establishment Bill 2024"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Authors<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Assoc. Prof. Nwadiubu Anthony Odinakachukwu, PhD <\/li>\n\n\n\n<li>Nnabuife Charles Ikechukwu<\/li>\n<\/ol>\n\n\n\n<p>1 <em>Department of Accounting, Kingsley Ozumba Mbadiwe University, Ideato, Imo State. Country Representative Nigeria\/Director, Nigeria-USA Chamber of Commerce<\/em><\/p>\n\n\n\n<p><em><sup>2<\/sup> Chairman, Nigeria-USA Chamber of Commerce<\/em>, <em>USA<\/em><\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/04\/PROMOTING-U.S.-EXPORT-TO-NIGERIA_-NAVIGATING-THE-NIGERIA-REVENUE-SERVICE-ESTABLISHMENT-BILL-2024-GRJAF-AMSSRN.docx-1-1.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of PROMOTING U.S. EXPORT TO NIGERIA_ NAVIGATING THE NIGERIA REVENUE SERVICE ESTABLISHMENT BILL 2024 - GRJAF AMSSRN.docx (1).\"><\/object><a id=\"wp-block-file--media-6063123d-7679-4e47-86a3-27d096f27ac5\" href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/04\/PROMOTING-U.S.-EXPORT-TO-NIGERIA_-NAVIGATING-THE-NIGERIA-REVENUE-SERVICE-ESTABLISHMENT-BILL-2024-GRJAF-AMSSRN.docx-1-1.pdf\">PROMOTING U.S. EXPORT TO NIGERIA_ NAVIGATING THE NIGERIA REVENUE SERVICE ESTABLISHMENT BILL 2024 &#8211; GRJAF AMSSRN.docx (1)<\/a><a href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/04\/PROMOTING-U.S.-EXPORT-TO-NIGERIA_-NAVIGATING-THE-NIGERIA-REVENUE-SERVICE-ESTABLISHMENT-BILL-2024-GRJAF-AMSSRN.docx-1-1.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-6063123d-7679-4e47-86a3-27d096f27ac5\">Download<\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Abstract<\/strong><\/h2>\n\n\n\n<p><strong>Research Objectives: <\/strong>This paper examines the implications of the <strong>Nigeria Revenue Service Establishment Bill 2024<\/strong> for US companies exporting goods and services to Nigeria, with a focus on strategic trade alignments within the framework of US-Nigeria trade relations. Utilizing <strong>international trade theory, institutional theory, and agency theory<\/strong>, the analysis explores the impact of consolidating tax authorities into a unified entity. Key areas of focus include <strong>changes in tax rates and procedures, compliance requirements, and dispute resolution mechanisms<\/strong>. This paper highlights specific provisions of the Bill, including changes to <strong>import duties (Section 4), customs procedures (Section 5), penalties for non-compliance (Section 32), and data-sharing requirements (Section 14)<\/strong>, assessing their direct impact on US exporters. Given the recent shift in <strong>US trade policy under the 2025 &#8220;America First&#8221; framework (USTR, 2025)<\/strong>, the paper evaluates potential trade tensions, tariff retaliations, and compliance risks US firms may face when operating in Nigeria. The study concludes with strategic recommendations for US exporters, including <strong>legal compliance measures, policy engagement, and trade diversification strategies<\/strong> to enhance trade sustainability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>References<\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Federal Republic of Nigeria. (2024). <em>Nigeria Revenue Service Establishment Bill 2024 (HB. 1757)<\/em>. National Assembly of Nigeria.<\/li>\n\n\n\n<li>Jensen, M. C., &amp; Meckling, W. H. (1976). <strong>Theory of the firm: Managerial behaviour, agency costs, and ownership structure<\/strong>. <em>Journal of Financial Economics, 3<\/em>(4), 305-360.<\/li>\n\n\n\n<li>Krugman, P. R., Obstfeld, M., &amp; Melitz, M. J. (2018). <em>International Economics: Theory and Policy<\/em> (11th ed.). Pearson.<\/li>\n\n\n\n<li>North, D. C. (1990). <em>Institutions, Institutional Change and Economic Performance<\/em>. Cambridge University Press.<\/li>\n\n\n\n<li>Porter, M. E. (1990). <em>The Competitive Advantage of Nations<\/em>. Free Press.<\/li>\n\n\n\n<li>United States Trade Representative. (2025). <em>America First Trade Policy<\/em>. Federal Register<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Authors 1 Department of Accounting, Kingsley Ozumba Mbadiwe University, Ideato, Imo State. Country Representative Nigeria\/Director, Nigeria-USA Chamber of Commerce 2 Chairman, Nigeria-USA Chamber of Commerce, USA Abstract Research Objectives: This paper examines the implications of the Nigeria Revenue Service Establishment Bill 2024 for US companies exporting goods and services to Nigeria, with a focus on strategic trade alignments within the framework of US-Nigeria trade relations. Utilizing international trade theory, institutional theory, and agency theory, the analysis explores the impact of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,572,571],"tags":[],"class_list":["post-23043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grjaf","category-vol-5-issue-1","category-volume-5"],"_links":{"self":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/comments?post=23043"}],"version-history":[{"count":2,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23043\/revisions"}],"predecessor-version":[{"id":23068,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23043\/revisions\/23068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media\/21742"}],"wp:attachment":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media?parent=23043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/categories?post=23043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/tags?post=23043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}