Agbo, Elias Igwebuike and Onuegbu, Clementina E. (2022) Impact of Tax Revenue on Nigerian Economic Growth (1994 – 2020). European Review in Accounting and Finance, 6 (1). pp. 23-38. ISSN 2754-4176
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Impact of Tax Revenue on Nigerian Economic Growth (1994 – 2020).pdf Download (723kB) |
Abstract
Tax has ever been a major source of government revenue especially in Nigeria. However, the growth in Nigerian economy has not been in tandem with the growth in tax revenue. This study aims at examining the impact of tax revenue on Nigeria’s economic growth. The study adopted the ex post facto research design and employed annual time series data for the period 1994 to 2020. The Ordinary Least Squares of Multiple Regression model was used for estimation. The findings revealed that value added tax has a positive and significant impact on the economic growth of Nigeria, company income tax has a negative and significant impact on the economic growth of Nigeria and petroleum profit tax has a positive and weak impact on the economic growth of Nigeria. The study recommends that Nigerian Government should embrace a good governance culture and ensure that tax system is transparent. This will boost the tax revenue and economic growth in Nigeria.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 23 Mar 2023 10:52 |
| Last Modified: | 23 Mar 2023 10:52 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/3964 |
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