SADIQ, Idowu. A and Durowaiye, Oluwatobiloba Oreoluwa (2023) Impact of Tax and Non-Tax Revenue on Nigerian National Development (1991–2020). In: International Conference of the Yaba College of Technology, 20-21 June, 2023, Lagos.
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Abstract
This study expanded its focus to include the Federal Inland Revenue Service in Nigeria in order to examine if tax revenue contributed more to Nigerian national development than non-tax revenue. An ex post facto research design was used in the study. Data from the Federal Inland Revenue Service report, 2020, and the Central Bank Statistical Bulletin, 2020, were utilized as secondary sources. The Ordinary Least Squares (OLS) method was used in the investigation. The outcome demonstrated that external grants and sales of public property are statistically inconsequential. Value Added Tax, Company Income Tax, and Petroleum Profit Tax are statistically significant. The analysis disproved the null hypothesis (H0), according to which the overall estimate has a good fit and our independent variables are both concurrently significant. This implied that tax and non-tax revenue had a favorable and significant impact on Nigerian national development. However, the study suggested that there should be more openness on the part of the government regarding the use and management of tax resources in order to offer tax payers more confidence in its implementation.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Unnamed user with email [email protected] |
| Date Deposited: | 01 Nov 2024 11:15 |
| Last Modified: | 01 Nov 2024 11:15 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/2360 |
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