ABSTRACT

The study investigated effect of tax revenue on economic growth of Nigeria. Income from six various taxes are the independent variables and proxies  for tax revenue in Nigeria  while the Real Gross Domestic Product (RGDP) was used as the proxy for economic growth in Nigeria and  represent  the  dependent  variable.  The  researcher  adopted  expos-facto   research  as secondary data were used for analysis.  Data were sourced from the central  bank of Nigeria statistical  bulletin  and  federal Inland  Revenue.  The  study covered  seventeen  years  period (1999-2016).  Time  series data were  analyzed  using ordinary  least  squares  based  multiple linear regression.  F statistic with the probability value of 0.6%  which is  lower  than the 5% level of significance  posits that the various  components of tax have significant  effect on real gross   domestic   product   of  Nigeria.   The   result   indicates   that   PPT   has  negative  and insignificant  effect on economic growth of Nigeria.   The finding  reveals that CIT is negatively related with economic  growth  but insignificant relationship.  The result indicates that VAT has positive significant effect on economic growth of Nigeria. The result specifies  that CED has positive significant  effect on economic  growth of Nigeria.  The result is suggestive of a negative significant  effect of EDT on economic growth of Nigeria.  The result indicates that there is negative but not significant  effect of PIT on economic growth of Nigeria. From the findings it was found that tax revenue has significant  effect on economic growth of Nigeria. The researcher therefore  recommends that the Government should ensure that tax revenues generated should be properly administered and that collection  processes must be true fair and free from corruption. 

TABLE OF CONTENTS

Title Page 

Declaration 

Certification 

Dedication 

Acknowledgements 

List of Tables

Abstract

CHAPTER ONE: INTRODUCTION

1.1         Background of the Study

1.2      Statement of the Problem

1.3         Objectives of the Study

l.4       Research Questions

1.5         Research Hypotheses

\.6       Scope of the Study:

\.7       Significance  of the Study:

1.7.1   Society

1.7.2     Researchers

1.7.3     Limitations  of the Study

CHAPTER TWO:  LITERATURE REVIEW

CHAPTER THREE:  RESEARCH METHODOLOGY

3.1 Research Design                                                                                                             43

3.2 Methods of Data Collection 43

3.3 Method of Data Analysis 44

3.4 Model  Specification: 44

3.5 Data Estimation  and Techniques 45

CHAPTER FOUR: PRESENTATION AND ANALYSIS  OF DATA

4.1 Presentation  of Data 47

4.2 Discussion   of Findings on the Hypothesis. 47

4.2.1. Testing Hypothesis 1 49

4.3 Discussion  of Findings  on Petroleum  Profits Tax 49

4.4 Discussion  of Findings   on Company lncome Tax 49

4.5 Discussion   of Findings  on Value Added Tax 50

4.6 Discussion   of Findings on Customs and Excise  Duties 50

4.7 Discussion   of Findings  on Education Tax 50

4.8 Discussion  of Findings  on Personal Income  Tax 50

CHAPTER FIVE:  SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary 52

5.2 Conclusion 52

5.3 Recommendations

References 53