APPRAISAL OF INDIRECT TAX REVENUE AND ECONOMIC DEVELOPMENT IN NIGERIA

Authors

  • Onowu, Joseph Uche (Ph.D CNA)
  • Olusegun, Jimoh Fatai (PhD, CNA)

Keywords:

Indirect Tax, Economic Development, Poverty Index, Import Tax Efficiency, Export Efficiency

Abstract

This study determined indirect tax revenue and economic development from 1991 – 2020. The specific objectives of the study were to; determine the effect of import tax efficiency (ITE) on poverty index in Nigeria; determine the effect of import tax efficiency (ITE on per capita income growth in Nigeria; determine the effect of export tax efficiency on poverty index in Nigeria; determine the effect of export tax efficiency on per capita income growth in Nigeria; determine the effect of import tax efficiency on HDI in Nigeria; determine the effect of VAT efficiency on poverty index in Nigeria. Secondary data on the poverty index, and per capita income, imports and exports tax efficiencies were sourced from CBN statistical bulletin and World Bank data base. The collected data were analyzed with the techniques of stationarity test (ADF unit root test) and ordinary least squares (OLS) multiple regression analysis. The empirical results showed that; indirect tax revenue measured by export tax efficiency has negative relationship with poverty index While, import tax efficiency has positive relationship with poverty index in Nigeria. ALSO, import tax efficiency and export tax efficiency were positively related with per capita income in Nigeria during the period of study. More so, indirect tax revenue measured by import and export tax efficiencies jointly impacted on economic development in Nigeria during the period of study. Based on these findings it was concluded that indirect tax revenue has significant effect on economic development. The researcher recommended amongst others that; Government should formulate and implement export policy measures towards exporting goods that are growth and development drivers, particularly, refined goods in the area the nation has comparative advantage in order to make the domestic production viable and compete with the industrialized economy of the world..

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Published

2025-01-25

How to Cite

Joseph Uche (Ph.D CNA), O., & Jimoh Fatai (PhD, CNA), O. . (2025). APPRAISAL OF INDIRECT TAX REVENUE AND ECONOMIC DEVELOPMENT IN NIGERIA . BW Academic Journal. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/2595