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Impact of Tax Reforms on Economic Development in Nigeria

Year: 2025

Type: article

Abstract: This study investigated the impact of tax reforms on economic development in Nigeria using time series data from 2013 to 2022. Ex-Post facto research design was adopted. The time series data were obtained from the National Bureau of Statistics, Central Bank of Nigeria (CBN) statistical Bulleting and Federal Inland Revenue Service (FIRS) .In order to determine the impact of tax reforms on economic development in Nigeria, tax reforms were measured by reform in Petroleum Profit Tax (PPT), reform in Company Income Tax (CIT), reform in Value Added Tax (VAT) and custom and excise duty Tax (CED). The regression result showed that reforms in Value Added Tax (VAT), has significant negative value while Petroleum Profit Tax (PPT) and Company Income Tax (CIT), have significant positive impact and reform in custom and excise duty Tax (CED). Has insignificant impact on economic development in Nigeria. Based on this, the study concludes that tax reforms have significant impact on economic development in Nigeria.

Source: Journal of Business Development and Management Research

DOI: 10.70382/ajbdmr.v7i7.007

Authors: Sallau Adamu Mijinyawa, Mahmoud Ibrahim, Shamsudeen Ladan Shagari

Institution: Sa'adu Zungur University

Language: English

Topic: Economic and Fiscal Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4408266281

FWCI: 0.973

Cites:

Cited by: 1

Related to: 10