ABSTRACT
The study investigated the impact ofpetroleum
profit tax on the economic growth of Nigeria, from 1989-2018. To achieve this
objective, the study specifically investigated the effect ofpetroleum profit
tax (PPT) on gross domestic product ofNigeria (GDP), effect ofpetroleum profit
tax (PPT) on gross domestic product growth rate ofNigeria (GDPGR). The study
restricted its scape to the period 1989-2018 and data usedfor the study was
adopted from the Central bank statistical bulletin websites and the Federal
Inland revenue services official websites. The simple regression method was
employed as the analytical tool. Findings show that petroleum profit tax as the
independent variable has a positive and significant effect on the Economic
growth of Nigeria, which wasproxiedwith Gross domesticproduct and Gross
domesticproduct growth rate in Nigeria. The study recommends that Petroleum
profit tax should be well managed and administered as it possesses a high level
ofinteraction with the changes in levels of activities measured by the value of
the GDP. The Nigerian government should endeavor to solve adequately the
current national problem of mono-economy. This is because robust regression
estimate obtained for petroleum profit tax and various government expenditures
suggest that petroleum profit tax may accountfor a large part oftotal
government income obtained via taxation. And this reflects a picture of more
than proportionate dependence on the oil sector of the economy to generate
national income.
JAMEK, C (2024). Impact Of Petroleum Profit Tax On The Economic Growth Of Nigeria (1989-2018):- Jamek Janemary C. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-the-economic-growth-of-nigeria-1989-2018-jamek-janemary-c-7-2
CH1DERA, JAMEK. "Impact Of Petroleum Profit Tax On The Economic Growth Of Nigeria (1989-2018):- Jamek Janemary C" Mouau.afribary.org. Mouau.afribary.org, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-the-economic-growth-of-nigeria-1989-2018-jamek-janemary-c-7-2. Accessed 30 Oct. 2024.
CH1DERA, JAMEK. "Impact Of Petroleum Profit Tax On The Economic Growth Of Nigeria (1989-2018):- Jamek Janemary C". Mouau.afribary.org, Mouau.afribary.org, 07 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-the-economic-growth-of-nigeria-1989-2018-jamek-janemary-c-7-2 >.
CH1DERA, JAMEK. "Impact Of Petroleum Profit Tax On The Economic Growth Of Nigeria (1989-2018):- Jamek Janemary C" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-petroleum-profit-tax-on-the-economic-growth-of-nigeria-1989-2018-jamek-janemary-c-7-2