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New tax reforms and public debt management in Nigeria: challenges, opportunities, and policy recommendations

Year: 2024

Type: article

Abstract: This paper examines the interplay between new tax reforms and public debt management in Nigeria, highlighting the challenges and opportunities that arise from recent fiscal strategies. It evaluates the effectiveness of these reforms in addressing Nigeria’s debt sustainability concerns and proposes actionable policy recommendations to optimize fiscal outcomes. By employing a mixed-methods approach, the paper integrates quantitative data on tax revenue performance and qualitative insights from fiscal policy literature. It concludes that while recent tax reforms offer significant potential for revenue mobilization, institutional and structural inefficiencies hinder their full impact on public debt reduction.

Source: British journal of interdisciplinary research.

DOI: 10.58934/bjir.v2i3.17

Authors: T.A. Osinuga, O. A. Raji, H. B. Asiyanbi, O. A. Fadahunsi

Institutions: University of Hull, Crescent University, Federal College of Education (Special), Oyo

Language: English

Topic: Fiscal Policies and Political Economy

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W4405684316

FWCI: 0.362

Cites:

Cited by: 1

Related to: 10