Abstract
The constant collapse of the Nigerian economy due to inadequate finance on the side of
government calls for the urgent attention of researchers. The aim of this study is to examine
the influence of taxation on the Nigerian economic growth. To achieve these objectives, the
correlational research design was adopted, the study covers a period of 14 years (2011- 2024).
The study utilized secondary data for analysis. The secondary data were extracted from CBN
statistical Bulletin and FIRS for the period under study. Ordinary least square (OLS) regression
method was used for the study as the statistical method for analyzing the data. STATA
version14.2 statistical software was utilized. The results show that PPT and CGT has a negative
and insignificant impact on Nigerian economic growth, while CIT has a positive and significant
impact on GDP. Based on the findings of this study, the researchers recommended that to boost
economic growth in Nigeria, government should pay more attention on revenues generated
from PPT, CGT, and CIT. Government should also ensure the tax revenue generated from PPT,
CGT and CIT be improved upon so that the revenues can be used in providing infrastructure
for the citizens; government should use tax policy more as a macroeconomic policy not just as
a tool for revenue generation as this will result to long run sustainable economic growth and
tax revenue generation.
government calls for the urgent attention of researchers. The aim of this study is to examine
the influence of taxation on the Nigerian economic growth. To achieve these objectives, the
correlational research design was adopted, the study covers a period of 14 years (2011- 2024).
The study utilized secondary data for analysis. The secondary data were extracted from CBN
statistical Bulletin and FIRS for the period under study. Ordinary least square (OLS) regression
method was used for the study as the statistical method for analyzing the data. STATA
version14.2 statistical software was utilized. The results show that PPT and CGT has a negative
and insignificant impact on Nigerian economic growth, while CIT has a positive and significant
impact on GDP. Based on the findings of this study, the researchers recommended that to boost
economic growth in Nigeria, government should pay more attention on revenues generated
from PPT, CGT, and CIT. Government should also ensure the tax revenue generated from PPT,
CGT and CIT be improved upon so that the revenues can be used in providing infrastructure
for the citizens; government should use tax policy more as a macroeconomic policy not just as
a tool for revenue generation as this will result to long run sustainable economic growth and
tax revenue generation.
Keywords:
Economic Growth
Taxation
Nigeria
PPT
CIT
CGT.
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