Impact of Direct and Indirect Tax on the Nigerian Economic Growth

Authors

  • Oyebisi Mary Ogundana Bells University of Technology, Ota, Ogun State, Nigeria
  • Oyedele Mary Ogundana Nottingham Trent University, England
  • Oyeyemi Mercy Ogundana Birmingham City University, England
  • Ayodotun Stephen Ibidunni Covenant University Ota, Ogun State, Nigeria
  • Adebola Adetoyinbo Bells University of Technology, Ota, Ogun State, Nigeria

DOI:

https://doi.org/10.21512/bbr.v8i3.3621

Keywords:

direct tax, indirect tax, economic growth, taxation, Nigerian

Abstract

This research examined the direct and indirect impact of taxation on the Nigerian economic growth. This research centered on two major objectives by focusing on the trend of direct and indirect tax and the impact of the Nigerian tax system on the growth of the economy.  The research adopted the descriptive research design.  The secondary source of data was also engaged as this data was from CBN statistical bulletin and the annual reports from 1994-2013. The research also used the ordinary least square regression technique. With the use of E-views 7.1 to analyze the data, the first objective was achieved by using graphical analysis while the second objective used ordinary least square regression analysis. The results reveal that the direct and indirect tax have a positive impact on the economy of Nigeria. Therefore, it is recommended that government should take advantage of taxation and promote tax system in Nigeria.
Dimensions

Plum Analytics

Author Biographies

Oyebisi Mary Ogundana, Bells University of Technology, Ota, Ogun State, Nigeria

Department of Economics, Accounting and Finance

Oyedele Mary Ogundana, Nottingham Trent University, England

Accounting and Finance Division

Oyeyemi Mercy Ogundana, Birmingham City University, England

Accounting and Finance Division

Ayodotun Stephen Ibidunni, Covenant University Ota, Ogun State, Nigeria

Department of Business Administration

Adebola Adetoyinbo, Bells University of Technology, Ota, Ogun State, Nigeria

Department of Economics, Accounting and Finance

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Published

2017-11-30
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PDF downloaded 381  .