ABSTRACT
The
study examined the examine the effect oftaxation on economic growth ofNigeria.
The objectives ofthe study are; to evaluate the effect of company income tax on
gross domestic product of Nigeria, to examine the effect of petroleum profit
tax on gross domestic product ofNigeria, and to examine the effect of value
added tax on gross domestic product ofNigeria. To achieve the objective ofthe
study, ex-postfacto research design was adopted. The researcher adopted
secondary data in getting the required information through Central Bank
ofNigeria (CBN) Statistical Bulletin (various years), and internet and journal
publications. In testing the hypotheses, the study employ the Ordinary Least
Squares (OLS) technique in order to determine the impact oftaxation on gross
domestic product (proxy for economic growth) ofNigeria. The findings revealed
that value added tax has no significant effect on economic growthin Nigeria.
The study recommends that that more attention should be devoted to how tax
revenue from petroleum profit tax is remitted. Frugality, transparency and
accountability should be the watchword when allocating resourcesfrom this tax
revenue and economic growth. The study also recommends that tax revenue from
Value added tax,company income tax appear not to be significant but these tax
revenue can further be used efficiently for economic development and growth,the
potentials inherent in this source oftaxation is enormous.
UCHE, R (2024). “Effect Of Taxation On Economics Growth Of Nigeria(2002-2018):- Uche Tochukwu R. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-taxation-on-economics-growth-of-nigeria2002-2018-uche-tochukwu-r-7-2
REBECCA, UCHE. "“Effect Of Taxation On Economics Growth Of Nigeria(2002-2018):- Uche Tochukwu R" Mouau.afribary.org. Mouau.afribary.org, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-taxation-on-economics-growth-of-nigeria2002-2018-uche-tochukwu-r-7-2. Accessed 30 Oct. 2024.
REBECCA, UCHE. "“Effect Of Taxation On Economics Growth Of Nigeria(2002-2018):- Uche Tochukwu R". Mouau.afribary.org, Mouau.afribary.org, 07 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-taxation-on-economics-growth-of-nigeria2002-2018-uche-tochukwu-r-7-2 >.
REBECCA, UCHE. "“Effect Of Taxation On Economics Growth Of Nigeria(2002-2018):- Uche Tochukwu R" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-taxation-on-economics-growth-of-nigeria2002-2018-uche-tochukwu-r-7-2