ABSTRACT
This study focused on the examination of the
effect of direct taxes on economic growth of Nigeria, specifically, it investigated
the following; effect of company income tax on economic growth in Nigeria;
effect oj personal income tax on economic growth in Nigeria; and effect of
petroleum profit tax on economic growth in Nigeria. Hypotheses were formulated
and tested at 0.05 level ofsignificance. It adopted the ex postfacto research
design. The study specifically adopted Petroleum profit tax, Company Income Tax
and Personal income Tax as proxiesfor Direct Taxes and made them serve as the
independent variable, on the other hand, the study adopted Gross domestic
product as the dependent variable. The Ordinary Least Square (OLS) multiple
regression technique as the analytical tool, the study revealed that Petroleum
profit tax, Company income tax and Personal income tax has a positive and
significant effect on Gross domestic product growth rate In Nigeria. Thus, the
study conclusively argues that Direct taxes have a significant effect on
Economic growth in Nigeria, the researcher relying on the findings recommended
that Direct tax should be adopted in a Country as it helps to improve the
country’s economy
OKORIE, B (2024). Effect Of Direct Taxes On Economic Growth Of Nigeria:- Okorie Chidinma B. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-direct-taxes-on-economic-growth-of-nigeria-okorie-chidinma-b-7-2
B, OKORIE. "Effect Of Direct Taxes On Economic Growth Of Nigeria:- Okorie Chidinma B" Mouau.afribary.org. Mouau.afribary.org, 30 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-direct-taxes-on-economic-growth-of-nigeria-okorie-chidinma-b-7-2. Accessed 30 Oct. 2024.
B, OKORIE. "Effect Of Direct Taxes On Economic Growth Of Nigeria:- Okorie Chidinma B". Mouau.afribary.org, Mouau.afribary.org, 30 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-direct-taxes-on-economic-growth-of-nigeria-okorie-chidinma-b-7-2 >.
B, OKORIE. "Effect Of Direct Taxes On Economic Growth Of Nigeria:- Okorie Chidinma B" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-direct-taxes-on-economic-growth-of-nigeria-okorie-chidinma-b-7-2