EFFECT OF TAX REVENUE ON NIGERIAN PUBLIC DEBT

https://doi.org/10.5281/zenodo.12731260

Authors

  • Unamma Amaka Nkiru Department of Taxation, School of Business and Management Technology, Federal Polytechnic, NekedeOwerri, Imo State
  • Mmadubuobi Lucy Cecilia Department of Accountancy, Nnamdi Azikiwe University, Awka

Keywords:

Value-added tax, Excise duty and Nigerian public debt

Abstract

The study determined the effect of tax revenue on Nigerian public debt. Specifically, the study assessed the effects of value-added tax and excise duty on Nigerian public debt. Data were extracted from annual reports and accounts of Federal Inland Revenue Service and the Central Bank of Nigeria (CBN) from 1999 to 2022. Descriptive statistics was used to analyze the data. Ordinary Least Square (OLS) multiple regression was employed to test the hypotheses. The study showed that Custom and Excise Duty (CED) has negative significant effect on public debt. However, the study found that value added tax had no significant effect on Nigerian public debt. Based on the result, the study recommended among others that Nigerian government should keep using the money it receives from customs and excise duties to fund infrastructure projects in the areas of health, education, and other areas that will stimulate the economy and raise government revenue

Published

2024-07-12

How to Cite

Unamma , A. N., & Mmadubuobi , L. C. (2024). EFFECT OF TAX REVENUE ON NIGERIAN PUBLIC DEBT. SADI International Journal of Management and Accounting (SIJMA), 11(3), 33–42. https://doi.org/10.5281/zenodo.12731260

Issue

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

Section

Original Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 SADI International Journal of Management and Accounting (SIJMA)

Creative Commons License

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

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