THE IMPACT OF TAX REVENUE ON NIGERIAN ECONOMIC GROWTH (2010 – 2020)

Ajayi, Babatunde O and Durowaiye, Oluwatobiloba Oreoluwa and Adeyemo, Malik O (2022) THE IMPACT OF TAX REVENUE ON NIGERIAN ECONOMIC GROWTH (2010 – 2020). In: 13th School of Management Studies, FPI, 5-6, September, 2022, Ilaro.

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Abstract

The study examined the impact of tax revenue on the Nigerian economy. The objectives of the study were to examine the impact of oil revenue and the Nigerian economy, the effect of non-oil revenue on the Nigerian economy and the relationship between oil tax revenue and the Nigerian economy growth. Data were sourced from Central Bank Statistical Bulletin and extracted through desk survey method. Ordinary least square of multiple regression models was used to establish the impact and effect while correlation is used to test for the relationship between dependent and independent variables. It showed that there is a significant relationship between oil tax revenue and the growth of the Nigeria economy. The finding also revealed that non-oil tax revenue (NOTR) has a significant effect on Gross domestic products. It was recommended that government should endeavor to provide social amenities to all nooks and crannies of the country. Also that government should engage in a complete re-organization of the tax administration machineries; in order to reduced tolerable problems of tax evasion and avoidance and finally; to enhance the tax base of government, employment opportunities should be created and a good environment for entrepreneurship and innovation to thrive made using tax proceeds.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > H Social Sciences (General)
Depositing User:	Unnamed user with email [email protected]
Date Deposited:	01 Nov 2024 11:29
Last Modified:	01 Nov 2024 11:29
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/2364

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