Journal • CITN Journal

Editorial Board

Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

VALUE ADDED TAX AND ECONOMIC GROWTH OF NIGERIA

Description

VALUE ADDED TAX AND ECONOMIC GROWTH OF NIGERIA

Authors

FIJABI LATEEF KOLAWOLE

Abstract

This study investigated the impact of Value Added Tax on the economic growth of Nigeria using time series data from 1994 to 2017. The objectives of the study include; to empirically investigate the impact of value added tax on the economic growth of Nigeria. Relevant literature materials were reviewed to gain insight into the study and draw inferences. The statistical tools employed in the data analysis is simple regression analysis with the use of E-views version 9. The results from the models revealed a strong positive significant of Value Added tax on economic growth of Nigeria as proxy by GDP in Nigeria. The recommendation includes broadening the tax base and brings VAT administration closer to the people. Government was advised to utilize VAT proceeds to improve the standard of living of the populace by providing necessary infrastructure that will encourage people to contribute more to the economy.

Keywords: