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Author(s): Ogwuegbu Obioma Uloma.

Volume/Issue: Volume 5 , Issue 2 (2022)

Abstract:

This study examined the effect of taxation management on economic growth in Nigeria covering the period 1994-2020. Data for the study were collected from Central Bank of Nigeria (CBN) statistical bulletin, 2020. The expo-facto research design was adopted owing to the fact that data used were secondary in nature. The study was anchored on the expediency theory of taxation. The method of data analysis is the linear multiple regression with the application of Ordinary Least Squares (OLS) technique. Other diagnostic tests which include unit-root test, autocorrelation test, heteroscedasticity test, and normality test were conducted to verify the reliability of the regression numerical coefficients and it was discovered that the regression output is free from violating any of the regression assumptions. The major findings of the study are that value added tax management has a positive but non-significant effect on economic growth in Nigeria, company income tax management has a negative and significant effect on economic growth in Nigeria, and petroleum profit tax management has a negative and significant effect on economic growth in Nigeria. It is therefore the recommendation of the study that government should put in place adequate measure to ensure that revenue generated from VAT is effectively utilized to develop and grow the economy through proper infrastructural development and tax authorities responsible for income-tax administration should upgrade the tax database to capture all potential income tax-payers in order to broaden income tax.

Keywords:

Management, Taxation, Revenue, Economic Growth, Nigeria

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