For correspondence:-
Received: 2 March, 2019 Accepted: 23 June, 2019 Published: 30 June 2019
Citation: Taxation and Economic Growth in Nigeria. Account Tax Rev 2004; 3(2):111-119 doi:
© 2004 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..
Abstract
The study examined the relationship between taxation and the economic growth of Nigeria. It specifically explored the linkages among company income tax, petroleum profit tax and the economic growth of Nigeria proxied with Real Gross Domestic Product, using time series data for the period 1981 to 2016.Ex Post-Facto research design was employed. The findings indicate that petroleum profit tax (PPT) and company income tax (CIT) show positive and significant effect on the Real Gross Domestic Product (RGDP) in Nigeria. The study recommended that Nigerian government should put in place fiscal policies that will enhance investments in the real sector and create employment opportunities; endeavour to provide social amenities to all nooks and crannies of the country as this will boost the level of tax compliance in Nigeria; create an enabling environment for entrepreneurship and innovation to enhance income generated from tax proceeds.
Fulltext in PDF