ASSESSMENT OF TAXATION AS AN INTRUMENT OF ECONOMIC DEVELOPMENT IN NIGERIA

Authors

  • ADEGBITE,Tajudeen Adejare Department of Accounting, Al-Hikmah University, Ilorin, Kwara state https://orcid.org/0000-0001-7456-0172
  • OWOLABI A. USMAN Department of Management and Accounting, Faculty of Management Sciences, Ladoke Akintola University of Technology, Ogbomoso, Nigeria
  • ADESOKAN, Joseph Ayantoso Department of Management and Accounting, Faculty of Management Sciences, Ladoke Akintola University of Technology, Ogbomoso, Nigeria

Keywords:

Taxation, Indirect tax, Economic growth, Exchange rate, Nigeria

Abstract

This study examined the impact of taxation on economic development in Nigeria, and also examined the relationship between taxation and economic development in Nigeria from 1980 to 2018. Secondary data were obtained from central bank of Nigeria statistical from 1980 to 2018. Multiple Regressio0n analysis and pearson pairwise correlation mechanism were-employed to analyze the relationship between taxation and economic development. The findings showed that Direct Tax (DIRTAX), Indirect Tax(INDTAX) had positive  significant impact on economy stability in Nigeria. It is recommended that for the taxation policy to have more significant impact on economic development of Nigeria, government should develop more strategies to increase tax revenue collection in the country, and the income realized from strategies to increase tax revenue collection in the country, and the income realized from this tax should judicious expended on the fulfilment of the government fiscal responsibilities.

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Published

2019-03-01

How to Cite

ADEGBITE, A. A., USMAN, O. A. U., & ADESOKAN, A. J. A. (2019). ASSESSMENT OF TAXATION AS AN INTRUMENT OF ECONOMIC DEVELOPMENT IN NIGERIA. Joumaer, 1(1), 1–10. Retrieved from https://joumaer.lautech.edu.ng/index.php/joumaer/article/view/14

Issue

Vol. 1 No. 1 (2022): Vol. 1 No. 1

Section

Articles