IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 6 NO. 2 2020

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Tax Revenue and Economic Growth in Nigeria. (An Econometric Approach)

Olugbemi Kolawole Olushlola & Bassey Utibe Oliver, Michael Edem Okon AND Odu David Osang

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Abstract

The study examined tax revenue and economic growth using an econometric approach. The specific objectives were: to examine the effect of taxation, domestic investment, government expenditure on economic growth in Nigeria. Exploratory design was employed to identify the factors that contribute to tax revenue on economic growth in Nigeria. Secondary sources of data was employed which includes Central Bank Statistical Bulletin .In analyzing the data gathered for this work, multiple regression model was employed to establish the relationship between dependent and independent variables. The study empirically examined the effect of the tax revenue on economic growth in Nigeria. The result revealed the positive relationship that existed between tax revenue and economic growth using GDP as an index economy. The study recommended that funds generated from the public should be properly utilized so that the growth of Nigeria economy will be positively affected. Also investment opportunities should be available in order to fostering economic growth. Therefore, government should increase its spending and also spend more s this will promote investment

keywords:

Tax revenue, taxation, domestic investment, government expenditure, GDP

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