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January 24, 20260 citationsOpen Access

Tax Revenue Contribution and Economic Growth in Nigeria

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AIAlozie Anthony Ikechukwu

Key Points

  • The research aims to investigate how tax revenue contributes to economic growth in Nigeria.
  • Used data from the Central Bank of Nigeria Statistical Bulletin.
  • Employed desk survey method for data extraction.
  • Applied ordinary least squares of multiple regression models.
  • Utilized correlation analysis to test relationships between variables.
  • Found a significant relationship between non-oil tax revenue and Nigeria's economic growth.
  • Revealed that non-oil tax revenue significantly affects gross domestic product.
  • Highlighted the need for improved taxation administration to reduce evasion and avoidance.

Abstract

The study examined the impact of tax revenue contribution on the economic growth in Nigeria. The effect of non-oil revenue on the Nigerian economy and the relationship between Economic Growths. Data collected from Central Bank of Nigeria Statistical Bulletin was used for extractions, this is done using the desk survey method. Ordinary least square of multiple regression models’ equation was used to establish, the effect while correlation is used for test the relationship between the dependent and independent variable. It showed that there is a significant relationship between the non-oil tax revenue and the growth of the Nigerian economy. The findings also revealed that the non-oil tax revenue has a significant effect on gross domestic product. It was recommended that government should endeavour to provide social amenities to all hooks and crannies of the countries. Also, government should re-organise the taxation administration machineries in order to reduce tax evasion and tax avoidance. Finally, by enhancing the government tax base, employment opportunities should be created and good business environment for entrepreneurship and innovation to thrive for better tax proceeds.

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Cite This Study

Alozie Anthony Ikechukwu (2025) studied this question.

synapsesocial.com/papers/6974616cbb9d90c67120b3cdhttps://doi.org/10.5281/zenodo.18335687
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