📄 Research Article
EJAFI Vol. 8, No. 10 (2022)
THE INFLUENCE OF TAX REVENUE ON ECONOMIC DEVELOPMENT IN NIGERIA.
Edori D. S 1 & Des-Wosu, Chika 2 & Chuku, Ukehinakachi 3
1 Business Department, CSS Mgbuoshimini, Port Harcourt, Rivers State, Nigeria.
2 Department of Accountancy, Rivers State University, Port Harcourt, Nigeria.
3 Bursary Department, Rivers State University, Port Harcourt, Nigeria.
2 Department of Accountancy, Rivers State University, Port Harcourt, Nigeria.
3 Bursary Department, Rivers State University, Port Harcourt, Nigeria.
Open Access
Peer Reviewed
Research Article
Abstract
Economic development is central as government discharges her duties to her citizenry. The need to unearth the influence of tax revenue on economic development in Nigeria necessitated study which covered 2011 to 2020 period. The study applied the personal judgement sampling techniques to select three tax revenue sources and one measure of economic development. Secondary data were sourced from relevant sources since the empirical work applied the ex post facto method. The Pearson Correlation analysis was adopted in testing the formulated hypotheses. The findings of the study indicates that value added tax (VAT) positive but insignificant influence on life expectancy, CIT has positive and insignificant influence on life expectancy, while PPT has a negative and insignificant influence on life expectancy in Nigeria with a correlation value of 0.349, 0.772 and -0.463 and significant values of 0.324, 0.009 and 0.178 respectively. The study then concluded that there is a influence of tax revenue on economic development. The study therefore, recommends that the revenue from value added tax should be properly utilised and policy made to ensure that expenditures incurred with the VAT proceeds results in economic development to ensure a higher life expectancy in Nigeria, the government should strengthen her CIT policies and ensure that the positive influence is sustained and improved upon, and also a percentage of revenue from PPT should be specifically designated and adequately utilized on infrastructural development.
Keywords:
VAT, CIT, PPT, Life expectancy
📑 How to Cite This Article
APA 7th Edition:
Edori D. S, Des-Wosu, Chika, Chuku, Ukehinakachi (2022). THE INFLUENCE OF TAX REVENUE ON ECONOMIC DEVELOPMENT IN NIGERIA.. European Journal of Accounting, Finance and Investment, 8(10), 1-11. https://doi.org/
Edori D. S, Des-Wosu, Chika, Chuku, Ukehinakachi (2022). THE INFLUENCE OF TAX REVENUE ON ECONOMIC DEVELOPMENT IN NIGERIA.. European Journal of Accounting, Finance and Investment, 8(10), 1-11. https://doi.org/
Vancouver Style:
Edori D. S, Des-Wosu, Chika, Chuku, Ukehinakachi. THE INFLUENCE OF TAX REVENUE ON ECONOMIC DEVELOPMENT IN NIGERIA.. Eur. J. Account. Finance Invest.. 2022;8(10):1-11. DOI:
Edori D. S, Des-Wosu, Chika, Chuku, Ukehinakachi. THE INFLUENCE OF TAX REVENUE ON ECONOMIC DEVELOPMENT IN NIGERIA.. Eur. J. Account. Finance Invest.. 2022;8(10):1-11. DOI:
🔗 Other Articles in This Issue