The Nexus Between Government Revenue and Economic Growth in Nigeria
The aim of the study is to examine the relationship between government revenues and the economic growth of Nigeria. The study employs exploratory and ex-post facto research designs while using secondary form of data spanning from 1981 to 2018 collected from the Federal Inland Revenue Services (FIRS)...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Riga Technical University Press
2020-01-01
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| Series: | Economics and Business |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/eb-2020-0003 |
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| _version_ | 1850038778124566528 |
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| author | Joseph Fineboy Ikechi Omodero Cordelia Onyinyechi |
| author_facet | Joseph Fineboy Ikechi Omodero Cordelia Onyinyechi |
| author_sort | Joseph Fineboy Ikechi |
| collection | DOAJ |
| description | The aim of the study is to examine the relationship between government revenues and the economic growth of Nigeria. The study employs exploratory and ex-post facto research designs while using secondary form of data spanning from 1981 to 2018 collected from the Federal Inland Revenue Services (FIRS), National Bureau of Statistics and CBN statistical bulletin. The relationship is tested by using Ordinary Least Squares (OLS) regression technique. The result reveals that federally received revenue and Value Added Tax (VAT) have a moderate positive relationship with the economic growth. The study provides evidence that there is a need for the government to formulate relevant revenue policies that will boost government income in order to have more favourable implication on the economy. |
| format | Article |
| id | doaj-art-899abdf74915406fb34430f4f6d401fc |
| institution | DOAJ |
| issn | 1407-7337 2256-0394 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Riga Technical University Press |
| record_format | Article |
| series | Economics and Business |
| spelling | doaj-art-899abdf74915406fb34430f4f6d401fc2025-08-20T02:56:30ZengRiga Technical University PressEconomics and Business1407-73372256-03942020-01-01341354510.2478/eb-2020-0003eb-2020-0003The Nexus Between Government Revenue and Economic Growth in NigeriaJoseph Fineboy Ikechi0Omodero Cordelia Onyinyechi1Clifford University Owerrinta, Abia State, NigeriaClifford University Owerrinta, Abia State, NigeriaThe aim of the study is to examine the relationship between government revenues and the economic growth of Nigeria. The study employs exploratory and ex-post facto research designs while using secondary form of data spanning from 1981 to 2018 collected from the Federal Inland Revenue Services (FIRS), National Bureau of Statistics and CBN statistical bulletin. The relationship is tested by using Ordinary Least Squares (OLS) regression technique. The result reveals that federally received revenue and Value Added Tax (VAT) have a moderate positive relationship with the economic growth. The study provides evidence that there is a need for the government to formulate relevant revenue policies that will boost government income in order to have more favourable implication on the economy.https://doi.org/10.2478/eb-2020-0003change in gross domestic product (gdp)economic growthgovernment revenuevate64h25h27040 |
| spellingShingle | Joseph Fineboy Ikechi Omodero Cordelia Onyinyechi The Nexus Between Government Revenue and Economic Growth in Nigeria Economics and Business change in gross domestic product (gdp) economic growth government revenue vat e64 h25 h27 040 |
| title | The Nexus Between Government Revenue and Economic Growth in Nigeria |
| title_full | The Nexus Between Government Revenue and Economic Growth in Nigeria |
| title_fullStr | The Nexus Between Government Revenue and Economic Growth in Nigeria |
| title_full_unstemmed | The Nexus Between Government Revenue and Economic Growth in Nigeria |
| title_short | The Nexus Between Government Revenue and Economic Growth in Nigeria |
| title_sort | nexus between government revenue and economic growth in nigeria |
| topic | change in gross domestic product (gdp) economic growth government revenue vat e64 h25 h27 040 |
| url | https://doi.org/10.2478/eb-2020-0003 |
| work_keys_str_mv | AT josephfineboyikechi thenexusbetweengovernmentrevenueandeconomicgrowthinnigeria AT omoderocordeliaonyinyechi thenexusbetweengovernmentrevenueandeconomicgrowthinnigeria AT josephfineboyikechi nexusbetweengovernmentrevenueandeconomicgrowthinnigeria AT omoderocordeliaonyinyechi nexusbetweengovernmentrevenueandeconomicgrowthinnigeria |