An Emperical Analysis of Tax Revenue and Economic Growth in Nigeria from 1980 To 2015

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Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel
Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel Ph.D., M.Sc., B.Sc. Economics, MBA Management and UD, Personnel Management and Industrial Relations, Director of Postgraduate Studies, School of Postgraduate Studies
2
Abomaye-Nimenibo
Abomaye-Nimenibo
3
Williams Aminadokiari Samuel
Williams Aminadokiari Samuel
4
Michael Jack Eyo
Michael Jack Eyo
5
Mni
Mni
6
Friday
Friday
7
Hope Chika
Hope Chika
1 Obong University

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The contribution of taxation to any economy globally is so much in terms of quantification and cannot be therefore be ignored as unimportant. It is a source of revenue or income to the government be it the Central, State or Local government in achieving their macro-economic objectives in the areas of fiscal and monetary policies. For Nigerian government to effectively carry out its primary function and other subsidiary functions, she requires adequate funding. Government responsibilities has continued to increase over time especially in developing countries like Nigeria due to the increasing nature and size of her population, and infrastructural deterioration. This study was therefore poised to empirically examine the tax revenue and economic growth in Nigeria from 1980 to 2015 by employing Gross Domestic Product (GDP) as the dependent variable and Petroleum Profit Tax (PPT), Company Income Tax (CIT), and Customs and Excise Duties (CED) as the independent variables. The analysis of the study was carried out using the method of Multiple Regression Analysis. The Ordinary Least Square (OLS) method of econometrics was the main analytical technique that was employed using Econometric software (E-Views 9.0).

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel. 2018. \u201cAn Emperical Analysis of Tax Revenue and Economic Growth in Nigeria from 1980 To 2015\u201d. Global Journal of Human-Social Science - F: Political Science GJHSS-F Volume 18 (GJHSS Volume 18 Issue F3): .

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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-F Classification: FOR Code: 910103
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June 30, 2018

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English

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The contribution of taxation to any economy globally is so much in terms of quantification and cannot be therefore be ignored as unimportant. It is a source of revenue or income to the government be it the Central, State or Local government in achieving their macro-economic objectives in the areas of fiscal and monetary policies. For Nigerian government to effectively carry out its primary function and other subsidiary functions, she requires adequate funding. Government responsibilities has continued to increase over time especially in developing countries like Nigeria due to the increasing nature and size of her population, and infrastructural deterioration. This study was therefore poised to empirically examine the tax revenue and economic growth in Nigeria from 1980 to 2015 by employing Gross Domestic Product (GDP) as the dependent variable and Petroleum Profit Tax (PPT), Company Income Tax (CIT), and Customs and Excise Duties (CED) as the independent variables. The analysis of the study was carried out using the method of Multiple Regression Analysis. The Ordinary Least Square (OLS) method of econometrics was the main analytical technique that was employed using Econometric software (E-Views 9.0).

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An Emperical Analysis of Tax Revenue and Economic Growth in Nigeria from 1980 To 2015

Abomaye-Nimenibo
Abomaye-Nimenibo
Williams Aminadokiari Samuel
Williams Aminadokiari Samuel
Michael Jack Eyo
Michael Jack Eyo
Mni
Mni
Friday
Friday
Hope Chika
Hope Chika

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