DETERMINANTS OF TAX REVENUE IN NIGERIA (1986 -2010)
DETERMINANTS OF TAX REVENUE IN NIGERIA (1986 -2010)
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Date
2008-11
Authors
AKEEM, ABIODUN OYETUNJI
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Abstract
This thesis focused on the determinants of tax revenue in Nigeria. Understanding the
determinants of tax revenue has become increasingly important based on the need to improve
government and economic performances both of which are currently in distress. The prevailing
tax system is characterized by a declining tax burden, few broadly-based taxes and inefficient tax
administration. The study applied the Vector Auto regression Models over the period 1986-2010
to analyze the impact of per capita income, share of agriculture in GDP, share of service sector
in GDP, share of manufacturing sector in GDP, ratio of exports plus imports to GDP,exchange
rate of Naira, broad money supply, rate of inflation, external debt, foreign aid and political
stability (dummy variable) in Nigeria on tax revenue. The empirical results suggest that per
capita income, manufacturing, services, broad money supply and political stability are
significant determinant of tax efforts in Nigeria with expected signs.Finally, it is concluded that
the Nigerian economy can generate high tax to GDP ratio by boosting the per capita income,
manufacturing and service sector. Monetization of the economy and democracy equally boost tax
revenue while effort should be made towards mechanizing and reforming the agricultural sector
in order to derive maximum tax revenue from the sector.
Description
A Thesis Submitted to the School Post-Graduate Studies,
Ahmadu Bello University, Zaria
In Partial Fulfilment of the Requirements for the Award of
Masters Degree in Economics
Department of Economics, Faculty of Social Science,
Ahmadu Bello University, Zaria
NOVEMBER, 2012.
Keywords
DETERMINANTS,, TAX REVENUE,, NIGERIA., (1986 -2010)