Tax Revenue and Nigerian Economy: Examining the Position of Taxation in the Fourth Republic Economy (1999-2018)

Tax Revenue and Nigerian Economy: Examining the Position of Taxation in the Fourth Republic Economy (1999-2018)

Aliyu Ahmed Alhaji

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Moshood Abdulrasheed Abiola

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Tax Revenue and Nigerian Economy: Examining the Position of Taxation in the Fourth Republic Economy (1999-2018)

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Abstract

Taxation being the primary source of revenues to government is an important economic tool in attaining economic growth and sustainability. Thus, this research examines the position of taxation in Nigeria fourth republic economy. The study adopted a descriptive and historical research design; secondary data for nineteen years (1999 -2018) were collected from various issues of the Central Bank of Nigeria (CBN) statistical bulletin and annual reports. Tax revenue as an independent variable was measured with Direct taxes and indirect taxes and Nigerian economy measured using Real Gross Domestic Product. The data was analyzed using multiple regression analysis to establish the relationship between the dependent and independent variables. Durbin Watson test carried out and multicolinerity test using the VIF factor. From the study, we examined that, tax revenues are significant to economic growth in Nigeria. The study concluded that, direct taxes have positive relationship with economic growth and indirect taxes have negative relationship with Nigerian economy.

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Funding

No external funding was declared for this work.

Conflict of Interest

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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How to Cite This Article

Aliyu Ahmed Alhaji. 2021. \u201cTax Revenue and Nigerian Economy: Examining the Position of Taxation in the Fourth Republic Economy (1999-2018)\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 21 (GJMBR Volume 21 Issue C1).

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GJMBR Volume 21 Issue C1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification JEL Code: F43

Submission ReceivedJune 13, 2021
Peer Review Double Blind
Handling Editor
Accepted July 2, 2021
Published July 15, 2021

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January 16, 2021

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