TAX REVENUE MANAGEMENT AND GROWTH DYNAMICS : NIGERIAN EVIDENCE
TAX REVENUE MANAGEMENT AND GROWTH DYNAMICS : NIGERIAN EVIDENCE

Summary/Abstract: This study was aimed at examining the effect of tax revenue management on growth dynamics in the Nigerian economy, with specific emphasis on the contributions of Petroleum Profit Tax,(PPT), Company income Tax(CIT), Value Added Tax,(VAT) and Custom and Excise Duty(CED). Using secondary data spanning 1997 -2020, compiled from the World Bank and the Organization for Economic Co-operation and Development (OECD). Time-series data and the econometric model was subjected to a number of diagnostic tests, including the unit root test (using Augmented Dickey-Fuller (ADF) tests and the co-integration test In order to examine different tax productivity strategies, panel regression and error correction modeling were equally employed. The study revealed that PPT, CIT, VAT and CED have a positive significant effects on growth dynamics index in Nigeria, it is therefore recommended that the for the current tax reforms embarked on by the Federal Government to yield its intended results, it should be vigorously pursued and faithfully implemented by the relevant agencies to increase the tax net and block revenue leakages which invariably increases the disposable income of government for developmental projects .

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