Effect of tax revenue on economic growth in Nigeria (1991-2018) Department: Economics By: Ovacomer Project ID: 3228 Rating: (3.0) votes: 15Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe aim of this study was to critically examine the effect of tax revenue on economic growth in Nigeria from 1991-2018. The study specifically analyzed the effect of tax revenue on economic growth, also to assess the effect of Value Added Tax on economic growth and the impact of tax revenue generated from taxes in Nigeria. Time series data was source from the central bank of Nigeria (CBN) statistical bulletin and National bureau of statistics (NBS) for the study. The study employed the ordinary least square (OLS) multiple regression techniques to estimate the equation. Gross Domestic Product was used as a proxy for economic growth and it was regressed on Petroleum Profit Tax, Company Income Tax and Value Added Tax. The findings reveal that Petroleum Profit Tax, Company Income Tax and Value Added Tax have a positive impact on tax revenue and the economic growth of Nigeria. The utilization of the generated revenue from taxes calls for serious concern, and requires the special attention of policymakers, non-compliance with tax laws on the part of the taxpayers is a hindrance and ineffective administration of tax has given enough loopholes for tax evasion, the consequence of which is poor revenue. The study recommends among others that only skilled and professionals and trustworthy hands are responsible for tax administration and the general public should be educated right from the grass-root on the importance of taxes to the economic growth of the country. ...Preview Download Preview +Other Economics project topics and materials you might be interested in»The impact of industrialization on Nigeria's economic development»The impact of minimum wage fluctuation on growth of Nigerian economy»Population growth and economic development in Nigeria (1981-2011)»The impact of population growth on the Nigerian economy (1980-2010)»The impact of petroleum subsidy on the consumption of petroleum products in Nigeria»The impact of small and medium scale industries on the economic growth of Nigeria (1986 – 2010)»The impact of industrial output on the economy of Nigeria (1980-2010)»The growth of Nigerian economy and unemployment (1980-2010)»Impact of government expenditure on Nigerian economic growth (1981 – 2010)»The effect of external debt on economic growth of Nigeria»Poverty and the Nigerian economy»An assessment on the impact of industrialization on economic growth in Nigeria»The impact of external debt on Nigeria economy (1985-2011)»Inequality and taxation in Nigeria (1980-2010)»The impact of bank lending on the growth of small and medium business in Osun State