This study examined the effect of tax revenue on economic growth in Nigeria between the period
1994 -2017. Secondary data were sourced from Central Bank Statistical Bulletin (2017) and
National Bureau of Statistics database. Gross Domestic Product that proxied economic growth
served as the dependent variable while petroleum profit tax, company income tax, value added tax
and custom & excice duty which are indices of tax revenue served as independent variables.
Descriptive statistics and multiple regression analysis were conducted on the data. The Diagnostic
test was also carried out on the reliability of the data used. The regression result revealed that
Value added tax, Petroleum profit tax and Company income tax have positive effects on economic
growth and statistically significant with their P-value less than 0.05. However, Custom & Excise
duty has a negative effect on economic growth for the observed period. To generate reasonable
revenue and sustained economic growth this paper suggests less attention on custom & excise duty
and focus on other forms of tax.