VALUE ADDED TAX REVENUE AND ECONOMIC GROWTH OF NIGERIA

https://doi.org/10.5281/zenodo.12666999

Authors

  • Henry Kenedunium Obi Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria
  • Ekwunife Ebele N Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Economic Growth, VAT Revenue, Gross Domestic Product, Human Development Index

Abstract

The study ascertained the effect of value added tax revenue on the economic growth of Nigeria. The specific objective was to determine the extent to which VAT revenue affects gross domestic product and human development index of Nigeria. This study employed an ex-post facto research design. Secondary data were collected from the Nigerian tax report (2022) and Central Bank of Nigeria Statistical Bulletin (2022), covering a twelve-year period from 2011 to 2022. Descriptive analysis was carried out in the study while the null hypotheses were tested using Ordinary Least Square regression technique. The study found the following results: VAT revenue has a significant and positive effect on the gross domestic product of Nigeria; VAT revenue has a significant and positive effect on the human development index. The study recommends that civil society organizations and advocacy groups should advocate for the effective utilization of VAT revenue in funding social welfare programs and investing in critical sectors such as healthcare and education

Published

2024-07-05

How to Cite

Obi, H. K., & Ekwunife , E. N. (2024). VALUE ADDED TAX REVENUE AND ECONOMIC GROWTH OF NIGERIA. Journal of Interdisciplinary Research in Accounting and Finance (JIRAF), 11(3), 1–15. https://doi.org/10.5281/zenodo.12666999

Issue

Vol. 11 No. 3 (2024): July-September

Section

Original Peer Reviewed Articles
Copyright & Licensing

Copyright (c) 2024 Journal of Interdisciplinary Research in Accounting and Finance (JIRAF)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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