Effect Of Company Income Tax On Economic Growth Of Nigeria (1990-2016)

ABSTRACT

The study examined the effect of company income tax on the economic growth of

Nigeria. The study covered from 1990 to 2016. The specific objectives were to

ascertain the siginficant effect of company income tax on the gross domestic product

of Nigeria and to ascertain the effect of company income tax on the total tax revenue

of Nigeria. Secondary data were used for the study and the data were sourced from

central bank of Nigeria Statistical bulletine. The sourced data were analyzed with

trend analysis and simple regression. The findings of the study revealed that company

income tax has positive and signicant effect on real gross domestic product of

Nigeria and that company income tax has positive and significant effect on total tax

revenue. It was recommended that Nigeria government should endeavour to make

judicious use of company income tax revenue and enhanced the economic growth of

the country.