The Nexus Between Government Revenue and Economic Growth in Nigeria

Joseph Fineboy Ikechi () and Omodero Cordelia Onyinyechi ()
Additional contact information
Joseph Fineboy Ikechi: Clifford University Owerrinta, Abia State, Nigeria
Omodero Cordelia Onyinyechi: Clifford University Owerrinta, Abia State, Nigeria

Economics and Business, 2020, vol. 34, issue 1, 35-45

Abstract: The aim of the study is to examine the relationship between government revenues and the economic growth of Nigeria. The study employs exploratory and ex-post facto research designs while using secondary form of data spanning from 1981 to 2018 collected from the Federal Inland Revenue Services (FIRS), National Bureau of Statistics and CBN statistical bulletin. The relationship is tested by using Ordinary Least Squares (OLS) regression technique. The result reveals that federally received revenue and Value Added Tax (VAT) have a moderate positive relationship with the economic growth. The study provides evidence that there is a need for the government to formulate relevant revenue policies that will boost government income in order to have more favourable implication on the economy.

Keywords: Change in Gross Domestic Product (GDP); Economic Growth; Government Revenue; VAT (search for similar items in EconPapers)
JEL-codes: E64 H25 H27 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/eb-2020-0003 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobus:v:34:y:2020:i:1:p:35-45:n:3

DOI: 10.2478/eb-2020-0003

Access Statistics for this article

Economics and Business is currently edited by Remigijs Počs

More articles in Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().