EFFECT OF TAX SYSTEM ON THE SUSTAINABLE ECONOMIC GROWTH IN NIGERIA

ODO, John Onyemaechi and Nwachukwu, Basilia Chiamaka (2025) EFFECT OF TAX SYSTEM ON THE SUSTAINABLE ECONOMIC GROWTH IN NIGERIA. British International Journal of Applied Economics, Finance and Accounting, 9 (4). pp. 20-38. ISSN 2234-2418

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Abstract

The study examined the effect of the tax system on sustainable Economic Growth in Nigeria. The specific objectives are to examine the effect of corporate tax on sustainable economic growth in Nigeria and evaluate the effect of capital gains tax on sustainable economic growth in Nigeria. The study employs a quantitative research design. Data were collected from the National Bureau of Statistics (NBS) for economic growth, the Federal Inland Revenue Service (FIRS) for corporate tax and capital gains tax rates, and World Bank and International Monetary Fund (IMF) databases for additional economic metrics. The data was analyzed using multiple regression analysis. The result revealed that Corporate tax has a statistically negative effect on sustainable economic growth with a t-statistic of -2.133 and a p-value of 0.0617. While the Capital gains tax has a statistically negative effect on sustainable economic growth, with a t statistic of -1.357 and a p-value of 0.2080 in Nigeria. The study concluded that the current Nigerian tax system is hindering sustainable Economic Growth in Nigeria. The study recommended, among others, that corporate tax rates be reduced to encourage domestic and foreign investment.

Item Type:	Article
Subjects:	H Social Sciences > HJ Public Finance
Divisions:	Faculty of Management and Social Sciences
Depositing User:	mrs chioma hannah
Date Deposited:	31 Jul 2025 10:07
Last Modified:	31 Jul 2025 10:07
URI:	http://eprints.gouni.edu.ng/id/eprint/4985

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