ABSTRACT
The study examined the impact ofthe effect
ofpetroleum profit tax (PPT) on economic growth in Nigeria. The specific objectives
were to determine the effect ofpetroleum profit tax (PPT) on gross domestic
product in Nigeria and to ascertain the effect ofpetroleum profit tax (PPT) on
total tax revenue in Nigeria. The adopted ex-postfacto research design. The
data sourcedfrom CBN Statistical Bulletin was analyzed using simple regression
analysis. The result revealed that petroleum profit tax has positive and
significant effect on gross domestic product ofNigeria and hence economic
growth which bring development and that petroleum profit lax has significant
positive effect on the total tax revenue ofNigeria. The study recommend that
government should transparently andjudiciously account for the revenue it
generates through PPT by investing in the provision of infrastructure and public
goods and services as it is expected that the more effectively and efficiently
revenue is utilized by Government to create growth, employment opportunities
and wealth in the economy, the more willing taxpayers would be to meet their
obligations to the government and discharge their duties in the overriding goal
of achieving National Development.
DAN, I (2024). Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (1995-2018):- Dan Emaediong I. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-1995-2018-dan-emaediong-i-7-2
ISHMAEL, DAN. "Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (1995-2018):- Dan Emaediong I" Mouau.afribary.org. Mouau.afribary.org, 02 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-1995-2018-dan-emaediong-i-7-2. Accessed 30 Oct. 2024.
ISHMAEL, DAN. "Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (1995-2018):- Dan Emaediong I". Mouau.afribary.org, Mouau.afribary.org, 02 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-1995-2018-dan-emaediong-i-7-2 >.
ISHMAEL, DAN. "Effect Of Petroleum Profit Tax On Economic Growth Of Nigeria (1995-2018):- Dan Emaediong I" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-petroleum-profit-tax-on-economic-growth-of-nigeria-1995-2018-dan-emaediong-i-7-2