Impact of Tax Reforms on Macroeconomic Uncertainty in Nigeria

June 4, 2026Open Access

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Key Points

This research examines how tax reforms, particularly corporate income tax and value added tax, affect macroeconomic uncertainty and economic growth in Nigeria.
Analyzed quarterly data from 2011-2021 using CBN statistical bulletin and FIRS tax statistics.
Employed Autoregressive Distributed Lag (ARDL) model and Bound test technique to assess variable relationships.
Conducted Augmented Dickey Fuller (ADF) tests for integration of mixed order in the data series.
Corporate income tax (CIT) changes significantly affect GDP growth rate in both short and long run.
Value added tax (VAT) positively influences macroeconomic uncertainty, becoming significant in the long run.
Standard deviation uncertainty (SDVAT) shows a minimal positive impact on economic growth rate.

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Investigates tax reforms' effects on economic growth in Nigeria, suggesting policy evaluation is essential.

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ADESOYE et al. (2026) studied this question.

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