Effect Of Value Added Tax On The Economic Growth Of Nigeria (2008-2017):- Nwankwo, Ikechukwu K

ABSTRACT

This study focuses on the effect of valued added tax on the economic growth of Nigeria (2006-2015). The specific objectives where to determine the effect of value added tax on the real gross domestic product of Nigeria and also to evaluate the effect ofvalue added tax on total revenue ofNigeria. The data was collectedfrom secondary sources using ex-postfacto research design. The data was then analyse and tested using simple regression and correlation coefficient techniques. The result ofthe hypothesis one revealed that VAT has a significant effect on real gross domestic product. The findings in hypotheses two revealed that VAT has a significant effect on total tax revenue of Nigeria. It is recommended that Government should intensify its efforts to capture all taxable persons and business which are submerged in the informal economy. They should also use tax payer’s money to provide infrastructural amenities as this will encourage people to pay their tax.