THE IMPACT OF TAX REVENUE ON GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA

  • Type: Project
  • Department: Economics
  • Project ID: ECO0628
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 59 Pages
  • Methodology: Regression Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 975
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

The contribution of taxation to any economy globally cannot be overemphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macro-economic objectives in the areas of fiscal and monetary policies. Over the years, it has been observed that a substantial part of revenue generated in Nigeria is from taxes, yet the role of taxation in promoting economic activities and growth is not felt, mainly because of feasible evidences which cannot be seen nor perceived by the citizens in terms of infrastructure and basic amenities. Past documentations have revealed that revenue from taxes in developed nations have high impact on its economic growth which clearly seen by the amenities provided by such nations. Time series data were applied in carrying out this research work. Multiple Linear Regression analysis was used to analyze the data by employing the use of Vector Error Correction Model. The findings reveal that petroleum profit tax, company income tax and value added tax have a positive impact on Nigeria’s economic growth while custom excise and duties impacted negatively but overall, a significant relationship between tax revenue and the Nigerian economic growth exists. The utilization of the generated revenue from taxes calls for serious concern, and requires a special attention of policy makers, non-compliance with tax laws on the part of the tax payers is a hindrance and ineffective administration of tax has given enough loop holes for tax evasion, the consequence of which is poor revenue.

Keywords: Government Expenditure, Economic growth, Government Revenue, Taxation and Economy.







 

TABLE OF CONTENTS

Title Page 

Certification I

Dedication II

Acknowledgements III

Abstract IV

Table of Contents V

CHAPTER ONE: INTRODUCTION 

1.1 Background to the Study 1

1.2 Statement of the Research Problem 3

1.3 Aim & Objectives of the Study 4

1.4 Relevant Research Questions 4

1.5 Relevant Research Hypotheses 4

1.6 Significance of the Study 5

1.7 Scope of the Study 5

1.8 Definition of Terms 5

References 8

CHAPTER TWO: LITERATURE REVIEW

2.1 Preamble 10

2.2 Theoretical Framework of the Study 10

2.2.1 Ability to Pay Theory 10

2.2.2 Concentration Theory 11

2.2.3 The Diffusion Theory 12

2.2.4 Benefit Theory 13

2.3 Empirical Review 13

2.3.1 The Principles of Taxation 18

2.3.2 Objectives of Taxation 19

2.3.3 Taxation as a Tool for Wealth Creation and Employment 22 

2.3.4 Problems of Tax Administration in Nigeria 23

2.3.5 Tax Avoidance and Tax Evasion Practices 24

2.3.6 The Nigerian Tax Structure 25

References 29

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Preamble 33

3.2 Theoretical Framework  33

3.3 Model Specification 33

3.4 Description and Measurement of Variables 34

3.5 Technique of Data Analysis 35

3.6 Types and Sources of Data 35

3.7 Method of Data Analysis 35

3.8 Limitation of the Methodology 35

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1 Preamble 37

4.2 Econometrics Properties of Data 37

4.3 Descriptive Analysis 41

4.4 Test of Hypothesis 43

4.5 Discussion of Finding 45

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary 46

5.2 Conclusion 47

5.3 Recommendations 48

Bibliography 

THE IMPACT OF TAX REVENUE ON GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO0628
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 59 Pages
  • Methodology: Regression Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 975
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0628
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 59 Pages
    Methodology Regression Analysis
    Reference YES
    Format Microsoft Word

    Related Works

    Government Expenditure no doubt is an important instrument for a government to control the economy of a nation. Economists have been well aware of the effects in promoting economic growth. Anyway, the general view is that government expenditure notably on social and economic infrastructure can be growth enhancing although the financing of such... Continue Reading
    The research observes that although rising government expenditure has relatively significant on economic growth. It has not translated to meaningful develop m ent as Nigeria still ranks among world's poorest counties. In an attempt to investigate the impact of government expenditure on economic growth, we adopted a dis-aggregated analysis using... Continue Reading
    ABSTRACT This study examines the impact of tax on government expenditure and economy growth in Nigeria. In the light of the empirical review and other discussions, a number of questions arose as to whether there is significant relationship between total tax revenue and... Continue Reading
    (1990-2010) ABSTRACT The project research on “the impact of government expenditure on economic growth in Nigeria” assess the successive ways Nigeria government spends her revenue, the impacts such spending have on the economy. It positive and negative impact and how much it... Continue Reading
    The research observes that although rising government expenditure has relatively significant on economic growth. It has not translated to meaningful develop m ent as Nigeria still ranks among world's poorest counties. In an attempt to investigate the impact of government expenditure on economic growth, we adopted a dis-aggregated  analysis using... Continue Reading
    ABSTRACT This study examines the impact of government expenditure on economy growth in Nigeria. In the light of the empirical review and other discussions, a number of questions arose as to whether there is significant relationship between government investment expenditure and economic... Continue Reading
    ABSTRACT This study looked into the impact of government agricultural expenditure on economic growth in Nigeria. Time series data were gathered from secondary sources on real GDP, government agricultural expenditure, agricultural output and agricultural credit from the CBN statistical bulletin covering the period between 1981 and 2019. Econometric... Continue Reading
    A Tax is a fee charged or levied by a government on a product, income, or activity. If it is levied directly on personal or corporate income, it is called a direct tax. If it is levied on the price of a good or service, then it is called an indirect tax. The main... Continue Reading
    BACKGROUND TO THE STUDY Economic growth refers to increase in a country’s Gross Domestic Product, although this differs depending on how national product has been measured. Economic growth must be sustained for a developing economy to break the circle of poverty. Countries usually pursue fiscal policy to achieve accelerated economic growth.... Continue Reading
    ABSTRACT The study investigates the impact of government expenditure on economic growth of Nigeria from the period 1980-2011. The objective was set to address the problem of utilization of revenue targeted to improving the economic condition of Nigeria. The review of theoretical and empirical literature provided a basis for the selection and... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us