Tax Policy and its Influence on Nigeria’s Economic Growth

Adesodun Adebayo, Owoniya Babajide Olumuyiwa., Bamisaye Theresa Omolade, Olatunji Akindele Victor and Dada Adekola Rapheal
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Owoniya Babajide Olumuyiwa.: Federal University, Oye Ekiti
Bamisaye Theresa Omolade: Federal University, Oye Ekiti
Olatunji Akindele Victor: Federal Polytechnic, Ado-Ekiti
Dada Adekola Rapheal: Ekiti State University, Ado-Ekiti

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 10, 1697-1709

Abstract: Occasion by the Government policies on revenue generation, this study examined the influence of tax policy on Nigeria’s economic growth using panel data regression analysis. We make use of secondary data source from the National Bureau of Statistics of Nigeria. The findings indicate that both VAT and TOP exert a negative impact on economic growth, with VAT being significant. On the other hand, PPT and CIT positively influence economic growth, with only PPT showing significance. The R-square values suggest that the predictor variables explain a substantial portion of the systematic variation in economic growth.

Date: 2024
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