Title: The Role Of Tax Revenue In Promoting Economic Development In Nigeria
Authors: EDIAGBORUME, Edward Onayomake
Volume: 9
Issue: 7
Pages: 178-182
Publication Date: 2025/07/28
Abstract:
The study investigates the effect of tax revenue on economic development in Nigeria from 2000 to 2023. The independent variable is tax revenue measured by PPT, CED, CGT and CIT while the dependent variable is economic growth proxy with HDI. Data for the study was derived from the CBN Statistical Bulletin and World Bank data bank 2020. Accordingly, the OLS result reported that CIT and CED significantly improve HDI. CGT, on the other hand, has a markedly detrimental impact, indicating that higher capital taxes may discourage investment and lower development results. PPT had no discernible impact on HDI. Hence, the study concludes that to improve the collection and efficient use of CIT and CED funds, which have been shown to promote development, the government should fortify tax administration.