NAME: AKINBODEWA FLORENCE OLUWATOSIN

MATRIC NO: 220601027

TAX REFORM AND ECONOMIC DEVELOPMENT IN NIGERIA
S/n Author’s Topic Objective Methodol Findings Remarks
Name , ogy
Year

1. Nwaiwu, J. TAX The study The study It was More

N 2022 REFORMS is employed observed efficient
AND determined the human that only and
ECONOMI investigate developme the effective
C d the nt index as immediate means and
DEVELOP implication a measure past value systems
MENT IN s of of of personal for
NIGERIA various tax economic income tax supervisio
reforms on developme per capita, n of tax
economic nt and company revenue by
developme considered income tax tax
nt in personal per capita, agencies
Nigeria income petroleum and
over the tax, profit tax regulatory
period Education income per bodies
ranging tax, capita, and should be
from 1994 company education expedited.
- 2023 income tax income Tax
tax, per capita agencies
value-adde had a should
d tax, and valuable seek
petroleum influence means of
profit tax. on encouragin
Time economic g
series data developme taxpayers
was nt. to pay their
employed taxes to
from the enhance
yearly the growth
report and and
repository developme
of CBN nt of the
and FIRS economic
online sectors
reports. which the
The taxpayers
employed will also
data benefit
analysis from. Tax
techniques holidays
in the and
study are incentives
 the should be
Stationarity expedited
, to
Autoregres institution,
sive firms, and
Distributive private
Lag, and individuals
Granger who are
Causality known to
tests be highly
compliant
with their
tax
payments.

2. Odukwu Impact of To This study The One of the

Victory Tax investigate adopted researcher limitations
Chika, Reforms the impact time series revealed encountere
Daniel on of tax strategy that there d in this
Oshiogwe Economic reforms on basically is a study is
moh, Eke Growth of economic concerned positive that the
Promise Nigeria growth of with how to significant chosen
2022 (2000-202 Nigeria. perform impact of sample
1) impact VAT, CIT, & size was
analysis on PPT on limited to
already RGDP in one
existing Nigeria economy
data. among in Africa
Secondary other which is
data were things. Nigeria.
used in Therefore,
this study. the
However, researcher
relevant establishe
data for d that
the study there is a
were significant
obtained positive
from impact of
Central tax reforms
Bank of on
Nigeria Nigeria’s
(CBN) economic
Statistical growth.
Bulletins,
Federal
Inland
Revenue
Services
Bulletins,
 and the
World
Bank,
using
judgmental
sampling
technique,
a sample
of 21
years’
period
from 2000
to 2021.
Regressio
n analysis
technique
was used
to measure
the effects
of the
predictor
variables
on the
criterion
variables.
This study
used
estimated
technique
of both
descriptive
statistics
and
Ordinary
least
square
(OLS)
regression
analysis
method
with the
help of
Statistical
Package
for Social
Sciences
(SPSS 25).

3. G.N. Impact of To Relevant The study it was

Ogbonna Tax examine secondary concluded recommen
and Reforms the impact data were that tax ded that
2Appah and of tax collected reforms sustainabl
Ebimobow Economic reforms on from the improves e
ei Growth of the Central the economic
2012 Nigeria: A economic Bank of revenue growth
Time growth of Nigeria generating cannot be
Series Nigeria (CBN) machinery attained
Analysis from 1994 Statistical of with tax
to 2009. Bulletin, governmen reform
Federal t to processes
Inland undertake except
Revenue socially obsolete
Service desirable tax laws
(FIRS), expenditur and rates
Office of e that will are
the translate to reviewed
Accountant economic in line with
General of growth in macro
the real output economic
Federation and per objectives,
, and other capita corrupt-fre
relevant basis. e and
governmen efficient tax
t agencies. administrat
The data ive
collected machinery
were with
analysed personnel’
using s and
relevant accountabi
descriptive lity and
statistics transparen
and cy of
econometri governmen
c models t officials in
such as the
White test, manageme
Ramsey nt of tax
RESET revenue.
test,
Breusch
Godfrey
test,
Jacque
Berra test,
Augmente
d Dickey
Fuller test,
Johansen
test, and
 Granger
Causality
test.

4. John C. TAX This study The time Personal t is

Umunnakw REFORMS ascertaine series data Income suggested
e, Nestor AND d the effect sets used Tax has a amongst
Ndubuisi GROSS of tax in this significant others that
Amahalu, DOMESTI reforms on study were but there is
PhD C gross obtained negative need to
2024 PRODUCT domestic from effect on promote
OF product of Central Gross tax
NIGERIA Nigeria for Bank of Domestic awareness
eighteen Nigeria Product of ,
years Statistical Nigeria (β1 understand
ranging Bulletin, = ing and
from Securities -0.582688; complianc
2005-2022 and p-value = e among
. Exchange 0.0020<0.0 both
Specifically Commissio 5); potential
, this study n Office Companie and
ascertaine publication s Income existing tax
d the effect s, National Tax has a payers.
of changes Bureau of significant Governme
in Personal Statistics but nt and her
Income publication negative agencies
Tax s and effect on should
Revenue, World Gross bring to
Company Bank Domestic fore the
Income Statistical Product knowledge
Tax Bulletin for (β2 = , the
Revenue, the study -0.101213; nature and
and period. p-value = types of
Petroleum Ex-post 0.0118<0.0 tax under
Profit Tax facto 5); the
Revenue research Petroleum Nigerian
on Gross design was Profit Tax tax laws;
Domestic employed. has a so as to
Product. Inferential significant achieve
statistics and increased
using positive revenue
Augmente effect on and
d Gross economic
Dickey-Full Domestic growth in
er (ADF) Product Nigeria.
test, (β3 =
Pearson 0.100654;
correlation p-value =
coefficient, 0.0325<0.0
and 5).
 Ordinary
Least
Square
regression
analysis
were
applied to
test the
hypothese
s of the
study.

5. Adebowale TAXATION The study The study CITX, It is

OGUNSOL AND aimed to adopted VATX and recommen
A ECONOMI determine time series EDTX ded for
2023 C the research have governmen
DEVELOP influence method. tendency t to ensure
MENT IN of taxation The data to improve that
NIGERIA on used were some revenue
economic obtained indicators generated
developme from of from
nt in secondary economic taxation is
Nigeria by sources, developme judiciously
analyzing which nt, while expended
how CITX, covered a they will on projects
VATX, and period likely that will
EDTX from 2015 impair contribute
impact to 2022. other positively
RGDP, Using indicators. to
poverty regression economic
index, life analysis, developme
expectanc the study nt.
y, balance found that
of trade, company
and income tax
unemploy (CITX) and
ment rate. value
added tax
(VATX)
positively
and
insignifican
tly
influence
real gross
domestic
product.

6. Oluwatobil VARIOUS The study Data was Tax reform The study
oba TAX examined collected is recommen
 Oreoluwa REFORMS the impact by positively ded that
Durowaiye, , TAX of various secondary and the
aderibigbe REVENUE tax reforms means significantl governmen
idowu AND and tax through y related to t should
sadiq ECONOMI revenue on central economic focus on
C economic bank of growth and more
GROWTH growth in Nigeria that tax reforms in
IN Nigeria. statistical reforms the tax
NIGERIA bulletin indeed administrat
and FIRS influences ions and
gauge. economic collection
growth. needed so
as to
mitigate or
eliminate,
if possible
the areas
that
causes
revenue
leakages
as a result
of
loopholes
in tax
collection
and
remittance
s from
authorities
which is
capable of
limiting the
economic
growth.

7. Ogbodo EFFECTS The Ex post The study The study

okenwa OF TAX specific facto found that recommen
Cy,Mehara REFORMS objectives research petroleum ded
Gift ON are to design was Profit Tax amongst
Chinwendu INTERNAL ascertain adopted. has no others that
2021 LY the effect Data were significant the
GENERAT of; collected effect on governmen
ED Petroleum from internally t should
REVENUE Profit Tax annual generated provide the
IN (PPT); and reports revenues necessary
NIGERIA Value and in Nigeria human and
Added Tax accounts at 5% level material
(VAT) on of the of infrastructu
internally sampled significanc res that
 generated banks for e. Another are
revenue in the periods finding is needed to
Nigeria. from 2004 that Value support
to 2019. Added Tax petroleum
The study (VAT) has business
employed a so they
regression significant can earn
analysis to effect on more
test the internally income
formulated generated that will
hypothese revenues boost
s with aid in Nigeria taxation.
of E-View at 5% level
9.0. of
significanc
e.

8. Wilson E. Tax This The study We identify Although

Herbert1* Reforms study,exam used a company every tax
Innocent and ines the transforme income tax reform has
Augustine Nigeria’s effect of d and a positive
Nwarogu2 Economic tax reforms econometri petroleum effect on
Caritas Stability on c linear profit tax revenue
Chimere economic model to as key accretion,
Nwabueze stability of assess levers to greater
2018 Nigeria how and to Nigeria’s attention
over a what fiscal should be
16-year extent tax stability. paid to
period, reforms However, those
2000-2015 support while VAT component
. economic reforms s of fiscal
stability, have reform that
proxied by positive have
gross relationshi prospectiv
domestic p with e
product economic significant
(GDP). stability, positive
the effect consequen
is ces on
negligible. economic
growth and
stability as
against a
blanket
reform
proposal
that
includes
aspects
with a
 potential
negative
outcome.

9. Hussain H. TAX The main Ex-post The The

T., Musa B. REVENUE objective facto findings governmen
S. & Musa AND of this research reveal that t should
S. J. ECONOMI study is to design . Custom consider
2024 C explore the and Excise reducing
GROWTH relationshi Duty the rate of
IN p between revenue custom
NIGERIA tax has a and excise
revenue in significant duty on
Nigeria and imports
and her negative and
economic effect on exports, in
growth economic order to
using the growth in reduce the
Ex-post Nigeria negative
facto (p-value = effects on
research 0.0013), economic
design. Petroleum growth.
Profit Tax
revenue
has a
significant
and
negative
effect on
economic
growth in
Nigeria
(p-value =
0.0004),
Company
Income
Tax
revenue
has a
significant
and
positive
effect on
economic
growth in
Nigeria
(p-value =
0.0012);
Value
added tax
 revenue
has a
significant
and
positive
effect on
economic
growth in
Nigeria
(p-value =
0.0000);
Capital
gains tax
revenue
has no
significant
and
negative
effect on
economic
growth in
Nigeria
(p-value =
0.5327);

10. Gbeke, Tax The Using time The study The study
K.K (PhD), Reforms objective series data concludes recommen
Nkak, and of this from 1995 that ds
Promise E. Economic study – 2019. company’s amongst
2021 Growth of examines The study income tax others that
Nigeria the employed and the level of
intertwinin value customs & corruption
g added tax, excise amongst
relationshi petroleum duties governmen
p between profit tax, (CED) t officials
tax company’s have a should be
revenue income positive reduced to
and tax, impact on the barest
economic customs economic minimum
growth in and excise growth, as this
Nigeria. duties as while value would help
instrument added tax bolster the
s in (VAT) and confidence
measuring petroleum of tax
tax profit tax payers
revenue, (PPT) which will
while have a necessitat
RGDP was negative e voluntary
to capture effect on tax
economic economic complianc
 growth. growth. e and
The ultimately
Autoregres spike an
sive increase in
Distributed tax
Lag revenue.
(ARDL)
technique
was used
to access
the long
and
short-run
properties
of the
variables,
as the
Augmente
d Dickey
Fuller
(ADF) and
Phillip
Perron
(PP) tests
revealed
that all
series
were found
to be
integrated
of order
one, I(1)
apart from
company
income tax
(CITAX)
and
petroleum
profit tax
(PPT)
which were
levels
stationary,
I(0).

11. Ajetunmobi TAX The study An ex post The study The

Opeyemi-- REFORMS focuses on facto confirmed conduct of
Ojeka , evaluating research that fiscal
Stephen--- DIGITALIZ the design was company reforms in
Fakile ATION distribution adopted in income tax Nigeria
 Samuel--- AND al the study reforms should
Felicia GOVERN outcomes and both improved evolve to
Olokoyo--- MENT of tax descriptive federal become
Eluyela REVENUE revenue and governmen more of a
Damilola IN and inferential t revenues bottom–top
2022 NIGERIA digitalizatio analysis of but approach
n on both the inhibited where all
federal and hypothesiz state tiers of
state ed governmen governmen
governmen relationshi t revenues t are
t revenues. ps was (SGR) in included.
performed. Nigeria.
The
relationshi
ps are
analyzed
using
secondary
data from
1996 to
2020 and a
dynamic
framework
based on
the
autoregres
sive
distributed
lag (ARDL)
approach
to
cointegrati
on.

12. Adeyemo, Tax The Time The results VAT Act

M. Reforms in objective series data showed and PITA
Somorin, Achieving of the was that be further
T. Economic study was collected Company reformed.
Akintoye, I. Growth In to from the Income Also, tax
Ajibade, A Nigeria determine website of Tax has a authority
2021 the effect Federal positive should
of tax Inland significant ensure
reform on Revenue effect on strict
economic Services Economic complianc
growth in and Growth (t = e of
Nigeria. Central 5.321, citizens
Bank of 0.002). and
Nigeria for VAT and organizatio
a period of PPT does ns to the
10 years not laws. It is
 covering significantl also
2011-2020. y affect recommen
The data Economic ded that
was Growth; tax
analyzed Value revenue
using Added Tax should be
descriptive has a efficiently
statistics positive used to
(mean, insignifican bring about
standard t effect on economic
deviation, GDP (t = growth.
skewness, 0.527,
and 0.617),
kurtosis) and
and Petroleum
Regressio Profit Tax
n analysis has a
was used negative
to test the insignifican
hypothesis t effect on
. GDP (t =
-1.911,
0.105).

13. Ezekwesili Effect of To Ex-Post The study Governme

Tochukwu Tax assessed facto discovered nt should
P. Reforms the Effect research that Value diversify
2021 on of Tax design was Added Tax, the
Corporate Reforms adopted. and economy
on on The time Company for more
Nigerian Nigerian series data Income developme
Economic economy. were Tax had a nt in order
Developm Value obtained substantial to increase
ent Added Tax, from negative the overall
Company Federal influence tax
Income Inland on GDP revenue
tax, and Revenue per capita base.
Gross Services, in Nigeria,
Domestic Central whereas
Product Bank of Petroleum
per Capita Nigeria, Profit Tax
was used National has a
to measure Bureau of significant
productivit Statistics positive
y for a and the effect on
period of World GDP per
twenty Bank capita in
eight years Publication Nigeria.
spanning s. As a
from 1992 preliminary
 to 2019 step in
testing, the
study
employed
the
Augmente
d Dickey
Fully Unit
root test to
confirm the
order of
integration
of the time
series
variables.
The study
employed
descriptive
statistics
and
inferential
statistics
using
Pearson
correlation,
and
Regressio
n analysis
at the 5%
level of
significanc
e

14. Muinat TAX AS A To Adopting Taxes do It

SALAWU STIMULU examined longitudina affect recommen
2023 S FOR the role tax l research economic ded
ECONOMI plays in design, growth and restructurin
C stimulating Ordinary developme g of the
GROWTH Nigeria’s least nt in petroleum
AND economic squares Nigeria, sector,
DEVELOP growth and multiple albeit to increasing
MENT IN developme regression varying the tax
NIGERIA nt by was degrees base by
analysing deployed and creating
the for significanc jobs and
relationshi analysis e, with the ensuring
p between CIT tax
specific affecting collection
taxes economic transparen
-Company growth the cy towards
 Income most and strengtheni
Tax (CIT), the PPT ng the tax
Petroleum having the system for
Profits Tax least economic
(PPT), effect. growth and
Value developme
Added Tax nt.
(VAT)- and
economic
growth and
developme
nt (proxied
by Gross
Domestic
Product
(GDP).

15. Bore TAX The Multiple The OLS It was

Merit1, REFORMS objective regression results recommen
P.C.Egbon AND of this model reveal that ded that
2023 NIGERIA study is to all other there
ECONOMI reveal the variables should be
C impact of except periodic
GROWTH tax reforms company inspection
and income tax of tax
Nigeria have procedures
economic significant for all
growth. impact on companies
GDP, operating
which was in the
used as a Nigeria
proxy for economy.
economic This will
growth. afford the
governmen
t the
financial
leverage to
perform
some of its
strategic
developme
ntal roles
especially
in the fiscal
sector of
the
economy
to bring
about the
 much
-desired
national
economic
developme
nt.

16. Emeneka, EFFECT This study Ex-Post It was it was

Ogochukw OF TAX assessed facto revealed recommen
u L. REFORMS the effect research that ded that
2021 ON of design was Personal governmen
ECONOMI Personal adopted. Income t should
C Income The time Tax, had a diversify
GROWTH Tax series data substantial the
OF Reforms were negative economy
NIGERIA on obtained influence for more
economic from on GDP developme
growth of Federal per capita nt in order
Nigeria Inland in Nigeria to increase
Revenue the overall
Services, tax
and revenue
Central base.
Bank of
Nigeria.
The study
employed
inferential
statistics
using
Pearson
correlation,
and
Ordinary
Least
Square
(OLS)
method at
the 5%
level of
significanc
e.

17. Akinrinola, EFFECT This study A There Recomme

Olalekan OF TAX examined qualitative abounds ndations
Oladipo1*, SYSTEM the effect research compelling were made
Oreoluwa, ON THE of the tax method data to for
Bamidele2 ECONOMI system on was show that restructurin
C the adopted by there is g and
DEVELOP economic reviewing significant synergisin
 MENT OF developme empirical positive g the tax
A NATION: nt of the studies relationshi system
NIGERIA nation. and p between while
EXPERIE analysing the tax utilizing
NCE secondary system information
data and the technology
gathered economic and
from developme ensuring
relevant nt of a accountabi
sources. nation. lity and
However, transparen
in the case cy.
of Nigeria,
there
appears to
be
uncoordina
ted and
ineffective
tax system
that has
inadequate
ly
impacted
on her
economic
developme
nt

18. Clement Tax This study Vector The study Governme

Olatunji Revenue investigate Error revealed nt should
Olaoye, and d the Correction that not
Ayobolawo Economic impact of Model companies increase
le Adewale Developm taxation on (VECM), ’ income companies
Ogundipe, ent in economic Augmente tax, ’ income
Oladimeji Nigeria developme d petroleum tax rate
Emmanuel nt of Dickey-Full profit and because it
Oluwadare Nigeria er (ADF) value is
from 2003 unit root added tax detrimental
to 2017. test, have a to the
Autoregres long run economic
sive impact of developme
Distributed -0.225(p-v nt of the
Lag alue=0.000 country in
(ARDL) ),-0.0005 the long
bounds (p-value=0. run,
test, 699), and instead the
Jarque-Ber 0.211(p-val governmen
a ue=0.000) t should
Normality respectivel increase
 Test and y on the the value
Eigenvalue economic added tax
stability developme because it
condition nt of has the
were Nigeria potentiality
utilised in to improve
this study economic
developme
nt of
Nigeria.

19. ODOGU, TAXATION This paper The paper The results It

ISAAC AND examines used showed recommen
LAIME, ECONOMI the impact secondary that ds that the
OBALAKU C of taxation data from taxation is governmen
MO, DEVELOP on the the Central statistically t need to
PEREOW MENT OF economic Bank of significant improve on
EI NIGERIA: developme Nigeria to the income
ANDERSO 2006 – nt of (CBN) and economic tax
N 2018 Nigeria for Federal developme collection
OPUOFO the period Inland nt. On the process to
NI, 2006 – Revenue basis of enable
CAPTAIN 2018. Service the more
AYIBAKAR (FIRS). findings, individuals
I The the paper disclose
secondary concludes their
data that income for
collected taxation as tax
were an assessme
analysed instrument nt and
using of fiscal thereby
multiple policy increase in
regression, stimulate the
diagnostic economic revenue
test and developme generation
granger nt in terms process of
causality of growth, governmen
test increase in t for the
per capita provision
income, of social
infrastructu goods for
ral the
developme citizens.
nt and
decrease
in inflation
20. Ibrahim, Welfare We By Our finding Data does
Umar Implication compare applying a implies not support
Bambale of Tax the welfare small-open that the tax reform
and Rates cost of the economy current in the form
Abubakar, Increase in two tax within the Nigerian of increase
Isah a policy New-Keyn tax reform in
Funtua Recession options in esian in the form Company
2020 ary Nigeria. Dynamic of an Income
Economy Stochastic increase in Tax rate.
General VAT rate
Equilibrium while
Model allowing
(NKDSGE) other tax
of Nigeria rates
augmented unchanged
by a robust is the right
fiscal policy
sector with direction.
several tax
rule.

21. 1Jones, Assessme The study Time The study The study
Ebieri and nt of the is an series data found that therefore
Ekwueme, Impact of empirical were the recommen
2Daberech Tax assessme extracted adjusted ds that
i Chikezi Reforms nt of the from the R-square chartered
2016 on impact of Central of 0.99 tax
Economic tax reforms Bank of implies practitioner
Growth in on the Nigeria that 99% s should
Nigeria economic statistical of the total be allowed
growth of bulletin, variation in to play
Nigeria Federal gross leading
Inland domestic roles in
Revenue product, any tax
Service that is reform
and economic process to
Federal growth, is ensure a
Ministry of as a result robust tax
Finance of variation system.
from the in There
period petroleum should be
1985-2011. profit tax, harmony in
The company the
ordinary income objectives
least tax, of tax
squares customs reforms
based and excise with
multiple duties, macro-eco
regression value nomic
was added tax, objectives.
 adopted to personal Governme
analyse income tax nt should
the data. and always
education consider
tax and tax tax payers
reforms in and other
Nigeria. key
stakeholde
rs‟
interests in
fiscal
policy
formulation
and
implement
ation in
order to
achieve
improved
tax
complianc
e rate in
the
country. All
governmen
t agencies
and other
stakeholde
rs should
ensure the
full
implement
ation of the
National
tax policy
and the
long
awaited
petroleum
industry bill
should be
passed to
law.

22. Eze Tax This study The The It was

Emmanuel Revenue was dataset results of recommen
1& and conducted was multiple ded that
Onyedikac Economic to unravel gleaned regression the
hi O. Growth in Real Gross from the s carried governmen
John2 Nigeria: Domestic Central out by the t should
 2020 Evidence Product's Bank of Ordinary increase
from response Nigeria Least the tax
Nigeria to tax Bulletin Square base
Revenue. and the statistical through
Federal technique the
Inland showed a provision
Revenue significant of
Service positive infrastructu
Website statistical res that will
from 2008 relationshi enable
to 2019. p with real more
The gross businesses
independe domestic to thrive
nt product while
variables except for accountabi
of tax Value lity and
revenues Added Tax transparen
were that cy should
regressed showed a be pursed
against the negative to avoid
dependent and massive
variable, statistically revenue
economic insignifican diversificati
growth, t on to
usingthe relationshi personal
real gross p at a 5% pockets of
domestic level of some
product as significanc corrupt tax
a proxy. e. officials.

23. Bassey Tax This study Error The results The study
Okon Ebi1, Reforms estimates correction revealed recommen
Oluwafemi and Tax elasticity mechanis that: All the ded that:
Ayodele2 Yield in and m (ECM) tax Governme
2017 Nigeria buoyancy technique component nt should
of various was s were diversify
tax employed inelastic, the
component in there was economy
s as well analyzing a general for more
as the the data. improveme developme
impact of nt in nt as well
tax reforms post-refor as
on tax med tax strengtheni
component elasticities ng tax
s in Nigeria ranging reforms in
between from 0.199 order to
1981 and to 1.28 increase
2014. with overall tax
petroleum revenue.
prof i t tax
 and the
total tax
revenue
having
coeff i
cients >1,
values of
tax
buoyancie
s were all
positive
and <1,
with post
reform
samples
buoyancie
s being
greater
than that of
common
samples
ranging
from 0.13
to 0.93, tax
reform was
further
conf i rms
to improve
tax
revenues
by positive
and signif i
cant coeff i
cients of
the
dummies.

24. Aliyu, Impact of The main It employs, ARDL The

Abubakar tax objective time series bound test research
Biliksu and revenue on of this data revealed recommen
Mustapha, economic research is obtained that the ds that, the
A. A. growth in to assess from the variables governmen
(2020) Nigeria empirically CBN are t should
(1981-201 the impact statistical co-integrat intensify
7) of tax bulletins, ed while efforts
revenue on FIRS ARDL towards
economic annual long-run increasing
growth in publication estimation the
Nigeria, s and indicated collection
spanning National that of tax
 from 1981 Bureau of petroleum revenue,
to 2017. Statistics profit, as low
(NBS) value contributio
portal. To added tax n of tax
achieve and revenue to
the governmen GDP was
objectives t domestic discovered
of the debt are over the
study, OLS significant period of
and ARDL and the study.
techniques positively
were related to
employed GDP. In
to estimate addition,
the company
relationshi income tax
ps and the and
dynamics customs
and and excise
long-run duties
effects of came out
independe significant
nt but have
variables negative
on impact on
dependent economic
variable. grow.

25. Eke Robert TAX The broad Secondary The study The study
Ike, Phd, REFORMS objective data was found that recommen
FCA1 And AND of this obtained there is a ds that the
Omogbai REVENUE study is to from the significant federal
Peter A.2 GENERATI examine Central difference governmen
2022 ON IN the impact Bank of in PPT, t through
NIGERIA of tax Nigeria CIT and its agency
reforms on and the VAT on tax and
revenue Federal between finance
generation Inland the period should
in Nigeria. Revenue of sustain the
Service. 2010-2014 current tax
The paired and reforms in
sample T 2015-2021 order to
test was towards improve
used to revenue revenue
ascertain generation generation.
the pre in Nigeria.
and post
effect of
tax reforms
on revenue
 generation
in Nigeria.

26. Omesi, Tax This paper It Value The paper

Israel, Reforms in examined highlighted Added Tax recommen
MBA, Nigeria: tax reforms the (VAT) was ds that
MAMN, Case for in Nigeria reasons for designed value
CPA Value with the to favour added tax
Nzor, Nuka Added Tax respect to replaceme developme rate should
Peter (VAT) value nt of sales nt at the be
2015 added tax tax with lower tier increased
(VAT). value level of from five
added tax governmen (5) percent
(VAT), t. to 10
yearly The paper percent in
contributio further Nigeria.
ns of value revealed The paper
added tax that also
to the total Nigerian recommen
revenue value ded that
base of the added tax Value
nation . rate was added tax
the least in (VAT) Act
the world. should be
amended
based on
destination
principle to
impose
VAT on
imported
services
rendered
outside
Nigeria by
a
non-reside
nt
company.

27. Maurie EFFECT The focus This study The study The study
Nneka OF TAX of this adopts the found that therefore
NWALA REFORMS study is to Ex-post tax reforms recommen
(Ph.D.) & ON examine facto has a ds that
John Toro REVENUE the effect method of positive companies
GIMBA GENERATI of tax research but ’ income
ON IN reform on design with statistically tax, value
NIGERIA revenue time series significant added tax
generation data effect on and
in Nigeria. covering a revenue petroleum
period of generation profits tax
thirty-one in Nigeria. should be
(31) years It is reviewed
from 1986 therefore in such a
to 2017. concluded way that it
Data were that the will tackle
obtained taxes have the
from the an inverse hydra-hea
CBN relationshi ded
statistical p with monster of
bulletin revenue multiple
and generation taxation
National in Nigeria and
Bureau of promote
statistics accountabi
annual lity and
reports for transparen
the cy in
purpose of governmen
analysis. t business
The tax so as to
reforms restore the
was confidence
proxied by of the tax
Companie payer in
s’ Income the tax
Tax (CIT), system.
value
added tax
(VAT) and
Petroleum
Profits Tax
(PPT),
while the
revenue
generation
was
proxied by
total
federally
collected
revenue.
The study
adopts
descriptive
statistics,
Augmente
d Dickey
fuller unit
root test,
 ordinary
least
square
(OLS)
regression
s,
heterosked
asticity test
and
Variance
Inflation
Factor for
the
purpose of
analysis.
The study
found that
tax reforms
has a
positive
but
statistically
significant
effect on
revenue.

28. Ayo Taxation We From The The

Bamidele as a Tool examine correlation, research Nigerian
2020 for how tax time series found out governmen
Economic revenue and that t is advised
Developm affects multivariab taxation to improve
ent of investment le and tax the
Nigeria , social regression policies provision
and analyses make of social
economic of positive infrastructu
developme relationshi contributio res
nt in ps among ns to because
Nigeria. variables. economic availability
We also developme and
examine nt. maintenan
the various ce of
tax public
incentives goods are
currently popular
available in ways tax
the payers
different convention
tax laws, ally assess
evaluates the
how justification
 taxation of tax
and tax collection
policies by the
have governmen
affected t.
the
economy
of Nigeria
and the
effectivene
ss of
taxation as
a
governmen
t strategy
tool for the
Nigerian
economic
developme
nt, using
time series
data of
taxation
and
economic
developme
nt.

29. S.A. The Impact This study Time This study The study
ADUDU of Tax attempts to series,Gra finds recommen
OJONYE, Policy on justify nger – statistical ds among
M. SIMON Economic these lines causality evidence other
2015 Growth in of thinking co that issues that
Nigeria by making integration efficient tax improveme
Nigeria as s reforms nt in tax
a case framework. are regimes,
study with necessary removal of
the main conditions distortions
objective for in taxation,
of enhanced discourage
identifying sustainabl ment of tax
the impact e holidays to
of tax economic MNCs and
policy on growth. diversificati
economic on of
growth in revenue
the base as
country. necessary
catalysts
for
 sustained
economic
growth and
developme
nt.

30. Amah Kalu EFFECT This paper Data was The result The study
Ogbonnay OF TAX assessed sourced further among
a1 and POLICIES the effect from the indicated others
James ON of Tax Statistical that tax recommen
Obioma ECONOMI policies on Bulletin of polices has d that
Nelson C Economic Central no Governme
2018 STABILIZA stabilizatio Bank of significant nt of
TION IN n in Nigeria, impact on Nigeria
NIGERIA Nigeria. Federal economic should
Inland stabilizatio have fiscal
Revenue n in neutrality
Services Nigeria. in the heart
and when
National making
Bureau of polices, it
Statistics. was also
Time recommen
series ded that
Date from Nigeria
1985-2014 should try
. to reform
their tax
system to
militate the
destitution
s cause by
tax policy.

31. NWOKOY TAX This study Annual The result The study
E, G. A REFORMS is informed time series of the recommen
ROLLE, R. AND by the data estimated ds that
A INVESTM quest to spanning OLS model efforts
ENT IN examine the years shows that should be
NIGERIA: the (1981-201 tax reform made
AN investment 2) were as proxied towards
EMPIRICA implication utilized. by VAT intensifying
L of the Preliminary and CIT, the tax
EXAMINAT series of diagnostic both reforms.
ION tax reforms test was positively Further,
in Nigeria, conducted and policies
particularly to examine significantl should be
the tax whether y stimulate directed
reforms of the investment towards
 2003 and estimated in Nigeria. redressing
National model multiple
tax policy satisfies taxation
of 2012. the OLS and high
assumptio company
ns. income tax
as both
have the
tendency
to
adversely
affect
investment
.

32. 1Dr. Taxation The aim of The study

Pere-Ere and this study found that
Grace Economic is to favourable
Ikidi, Dr. Growth in examine business
Ohiorenua Nigeria: the link conditions
n Jude Lessons between and
Ikhatua2, from South taxation effective
Akhimie, Africa and tax laws
Evans economic and
Ohio3, growth, processes
Ozuah with have been
Oshionebo lessons the main
Lawrence4 from South drivers of
2024 Africa. The South
research Africa's
design is economic
library growth. In
based with
the use of
books,
journals
and
conference
papers.

33. Ikeotuonye Governme This study Data were The The study
Victor nt Tax is on sourced analysis recommen
Okonkwo, Revenue governmen from the performed ds among
Kenechuk and t tax Central revealed others that
wu Origin economic revenue Bank of that tax governmen
Chukwu developme and Nigeria revenue t should
2019 nt in economic Statistical has improve on
Nigeria: developme Bulletin, insignifican its tax
1996-2017 nt in United t effect on collection
Nigeria: Nations human rate and
 1996-2017 Developm developme increase
ent nt index in its
Programm Nigeria. spending
e and on
Federal education
Inland and
Revenue infrastructu
Services: re in order
1998-2017 to broaden
. Vector the tax
Autoregres base; tax
sive revenue
Estimates should be
was used transparen
in tly and
estimating judiciously
the model. utilized for
investment
and in the
provision
of
infrastructu
re and
public
goods and
services so
as to
accelerate
economic
developme
nt; and
governmen
t should
ensure
transparen
t and
wholesom
e
prosecutio
n of tax
offenders.

34. Nathan Effect of This study Ex-post The The study

Onweluma tax reforms investigate factoresear regression concludes
du Udezo, on revenue d the effect ch design, result that tax
JKJ performan of tax Time showed reforms
Onuora ce in reforms on series that have
2021 Nigeria revenue reforms in significant
performan Value effect on
ce in Added Tax revenue
 Nigeria (VAT), performan
using time Personal ce in
series data Income Nigeria.
from 1991 Tax (PIT)
to 2018 and
Petroleum
Profit Tax
(PPT)
have
significant
positive
effect on
revenue
performan
ce. While
reform in
Company
Income
Tax (CIT)
has
positive
but
insignifican
t effect on
revenue
performan
ce in
Nigeria
with data
spanning
from
1991-2018
at 0.05
level of
significanc
e.

35. Regina G Tax The Ordinary The Suggestion

Okafor revenue objective least regression s were
2012 generation of this square result made as to
and paper is to (OLS) indicated a strategies
Nigerian explore the regression very to be
economic impact of positive adopted to
developme income tax and improve
nt revenue on significant the system
the relationshi of tax
economic p. administrat
growth of However ion to
Nigeria as actual tax increase
proxied by revenue tax
 the gross generated revenue
domestic in most generation.
product years fell
(GDP). below the
level
expected.

36. Anthony Tax This study The data The study It is

Olugbenga structure examines for the finds a therefore
Adaramola and the Tax analysis linear recommen
, Abiodun economic Structure were relationshi ded that
Rafiat growth in and collected p between Nigeria
Ayeni-Agb Nigeria: A Economic from CBN economic should
aje disaggrega Growth in statistical growth and restructure
2015 ted Nigeria: A bulletin tax the
empirical Disaggreg and federal revenue. Personal
evidence ated Inland Income
(1986–201 Empirical Revenue Tax and
2) Evidence services. the
using a The Custom
time series Engel–Gra and Excise
data nger Duties to
spanning cointegrati induce
from 1986 on consumpti
through technique on to
2012. was used achieve
to growth.
ascertain
the
relationshi
ps
between
the
variables
in the
model
employed
in this
study.

37. Etim Osim Does This study Data Findings It was

Etim, taxation examined collected revealed concluded
Nsima drive whether were that an that
Johnson economic taxation analysed inverse taxation
Umoffon, developme drive using and has the
David nt in economic descriptive significant capacity to
Johnny Nigeria developme and relationshi cause
Ekanem nt (Human inferential p exist positive
2020 Developm statistics between economic
ent Index) involving Company developme
 in Nigeria multiple Income nt in
regression Tax (CIT) Nigeria if
analysis. and the tax
Human base is
Developm expanded
ent Index and
(HDI) in loopholes
Nigeria; in the tax
administrat
ive system
which
causes tax
revenue
hemorrhag
e are
closed and
the
strengthen
of taxation
framework
to make
the
Nigerian
economy
tax base
economy
rather than
oil base
economy

38. Greg The impact This study The The result it is

Ekpung of taxation examines ordinary therefore recommen
Edame, on the impact least showed ded that
Willie investment of taxation square that the
Wilfred and on method of taxation is governmen
Okoi economic investment multiple negatively t of Nigeria
2014 developme and regression related to should use
nt in economic analysis the level of taxation to
Nigeria growth in was used investment achieve its
Nigeria to analyze and the set target
from the data. output of that will
1980-2010 goods and enhance
. services economic
(GDP) and growth and
is developme
positively nt.
related to
governmen
t
expenditur
 e in
Nigeria.
We also
observed
that
taxation
statistically
is
significant
factor
influencing
investment
, GDP and
governmen
t
expenditur
e in
Nigeria

39. Oluwaseg This study Secondary Findings The study

un David Tax examined
the
time series
data
from the
impulse
recommen
ds that
Ayeni,
Olarewaju Reven dynamic response governmen
relationshi results t should
Joseph
Afolabi ue, p between show that better
tax while tax embrace
Infrastr revenue, revenue fiscal
infrastructu influences responsibili
uctural ral economic ty by being
developme growth and more
Develo nt and infrastructu accountabl
economic re, e to tax
pment growth in infrastructu payers in
Nigeria, re does not terms of
and using an influence providing
annual economic infrastructu
Econo secondary growth, but res of
time series significantl higher
mic data from y influence quality that
1981 – tax can truly
Growth 2018 revenue promote
In collected. economic
growth.
Nigeria
40. Ayeni Tax The The study The The inquiry
Olasubomi revenue study’s employs findings suggests
Adefolake, and specific secondary reveal that that
Cordelia economic goal is to form of PPT and trainings
Onyinyechi growth in evaluate data which VAT have and
Omodero Nigeria the have been positive workshops
2022 influence sourced and should be
of from CBN significant organized
hydrocarbo statistical effects on by
n tax, bulletin GDP. It governmen
corporation and also t tax
income tax published reveals agencies
and Value Federal that CIT to the
Added Tax Inland has a Nigerian
on Revenue negative public and
Nigeria’s Statement. and companies
economic Ex-post significant on the
growth. facto effect on importance
research GDP. and
design is benefits of
used for tax
this study. revenue to
The data the
collected economy.
are The tax
analyzed authorities
and tested should
for unit also
root using endeavour
Augmente to
d Dickey encourage
Fuller companies
method to pay tax
so as to
improve
the growth
of the
economy
which the
companies
are meant
to benefit
from as
part of
governmen
t’s
fulfilment
of its social
responsibili
ties.
41. Peter Tax This paper The paper Findings We
Okoeguale revenue, examined involved showed a suggest
Ibadin, economic tax the use of positive more
Bukola growth and revenue, annual and reliance on
Toyin human economic time series significant the use of
Oluwatuyi developme growth and data for relationshi the
2021 nt index in human the period p between measure
Nigeria developme 1994 to tax (ment) of
nt index. 2017. revenue HDI as it is
Methodolo and HDI more
gically, the encompas
paper sing than
employed the use of
the use of RGDP,
the which,
application going by
of our
Augmente findings,
d Dickey provides a
Fuller weaker
(ADF) unit picture of
root test, relationshi
Johansen ps
multivariat between
e tax
co-integrati revenue
on and
technique economic
and Error growth in
Correction Nigeria.
Model
(ECM)
method
mainly
suited for
time series
analysis.

42. Oluwatosin Impact of This study Secondary It can be It is

Destiny Tax uses time data, Time deduced recommen
Biletiri, Reforms series data series, that tax ded that
Joseph E on from 2000 Dickey-Fu reform the tax
Ekpenyong Economic to 2016 to ller test plays a authorities
Growth In study the crucial role maintain
Nigeria impact of in friendly
Using tax reforms generating relations
Descriptive on governmen with the
Statistics Nigeria’s t revenue relevant
economic to actors in
growth implement the tax
 plans and system
measures and are
that responsibl
outperform e for
economic providing
growth. timely and
up-to-date
information
on the
developme
nt of the
tax
system.

43. Gbadegesi Optimising The study Primary The result The study
n Tax examined data were of the recommen
Babatunde Revenue optimisatio obtained study ds
ADEYEYE, for n of tax from 235 suggests amongst
Akinjide Economic revenue copies of that others that
Oladeji Growth for questionna optimisatio the
OYEKUNL and economic ire n of taxes existing tax
E, Developm growth and administer will break structure
Adeyemi ent in developme ed on the the trend should be
Mobolaji Nigeria nt in staff of of improved
ADEYEYE, Nigeria FIRS. mono-econ upon, well
Amonia using Secondary omy and implement
KORUBO Federal data on overrelianc ed and
2022 Inland revenue e on oil. incorporati
Revenue collection ng
Service performan contributio
(FIRS) as ce from ns from all
a case 2012 to relevant
study. 2021 were stakeholde
analysed rs; and that
and the
compared existing tax
with real laws
Gross should be
Domestic reviewed
Product into
(GDP) easy-to-re
statistics ad version
for the that
periods. eliminates
all
complexitie
s and
ambiguitie
s
44. CO Tax The study The study The It is
Olaoye, Reforms examined utilized findings therefore
AR and tax reforms descriptive revealed recommen
Ayeni-Agb Investment and survey and that, ded that
aje, AA Drive in investment quasi-expe bilateral there is
Ogundipe Nigeria drive in rimental tax treaties need for
2016 Nigeria. design as has dynamism
its 29.8%(t= in Nigerian
research 12.60, p< tax system
strategies 0.05) in order to
and influence fit into the
sourced on foreign changing
data from direct internation
drafted investment al
and ; there is economies
structured significant .
questionna positive
ires, which relationshi
were p {r=
analyzed 0.762, p=
with the 0.000<
use of 0.05}
linear between
regression petroleum
and profit tax
Pearson and oil
product investment
moment ; tax
correlation incentives
played
65.2%(t=
5.701, p<
0.05)
significant
role on
entreprene
urial
developme
nt and
education
tax has
significant
impact on
educationa
l
developme
nt with
20.3%(t=
6.531, p<
0.05).
45. Worlu, Tax The study Relevant The results These will
Christian N Revenue examines secondary show that bring about
2012 and the impact data were tax improveme
Economic of tax collected revenue nt on the
Developm revenue on from the stimulates tax
ent in the Central economic administrat
Nigeria: economic Bank of growth ion and
A growth of Nigeria(CB through accountabi
Macroecon Nigeria, N) infrastructu lity and
ometric judging Statistical ral transparen
Approach from its Bulletin, developme cy of
impact on Federal nt. That is, governmen
infrastructu Inland it highlights t officials in
ral Revenue the the
developme Service channels manageme
nt from (FIRS) and through nt of tax
1980 to previous which tax revenue.
2007. works revenue Above all,
done by impacts on these will
scholars. economic increase
The data growth in the tax
collected Nigeria. revenue
were The study base with
analyzed also resultant
using the reveals increase in
three stage that tax growth.
least revenue
square has no
estimation independe
technique. nt effect on
growth
through
infrastructu
ral
developme
nt and
foreign
direct
investment
, but just
allowing
the
infrastructu
ral
developme
nt and
foreign
direct
investment
to
 positively
respond to
increase in
output.

46. Solomon IMPACT This study Using The study It was

Mangba OF TAX examines t-test found tax recommen
Aza REFORMS the impact through revenue ded among
ON TAX of tax the use of keeps others that
ADMINIST reforms on SPSS to increasing the level
RATION IN tax analyes after the cfthe
NIGERIA acbrirnstrat tax target reforms reform he
im in and sustained
Nigeria. collection and
after the continue to
tax reform improie
of 1991 by upon by
zero in on using
period experts,
hetveen hazing
2000 to comprehen
2014. sive data
base cf tax
payers,
bringing in
new
taxpayers
into tax
net, every
tax payer
be giving
tax
identificatio
n number
(TIN) and
the use cf
information
technology
m our tax
system.

47. PUSKWET TAXATION The study Relevant The results The work
ILIYA AND THE examined secondary from the recommen
FRIDAY GROWTH the impact data were various ds that
2018 OF THE of taxation collected tests sustainabl
NIGERIA on the from shows that e
ECONOM economic central tax reforms economic
Y growth of Bank of is growth
Nigeria. Nigeria positively cannot be
BN,) and attained
 statistical significantl with tax
bulletin, y related to reform
Federal economic process
Inland growth and unless
Revenue Value absolute
Service Added Tax tax laws
(FIRS), significant/i and rates
Office of ’ impacted are
the on reviewed
Accountant economic in lines
-General of growth. with
the macro-eco
federation, nomic
and other objectives,
relevant corrupt
governmen free and
t agencies. efficient tax
The data administrat
collected ive
were machinery
analysed with
using the personnel
relevant as well as
descriptive accountabi
statistics lity and
and transparen
econometri cy of
c models governmen
such as t officials in
regression manageme
and nt of tax
correlation revenue.
analysis

48. ADUBI, Impact of This study Time Findings Future tax

AKINDELE tax reform examines series revealed reform to
OLUWABU on revenue the effect design that tax be embark
KOLA generation of 2004 tax revenue upon
2017 and reform on and non should be
economic revenue tax tailored
growth in generation revenue towards
Nigeria and in turn generated broadening
lead to after 2004 the tax
economic tax reform base.
growth in has a
Nigeria statistical
significant
impact on
total
revenue
 generation
in Nigeria

49. Ayeni A Tax The The study The There

popoola, revenue objective utilised findings should be
Ibrahim and of this both showed accountabi
Jimoh, Nigerian study was descriptive that oil and lity and
Adeyemi A economic to examine and paired non oil tax transparen
Oladipo growth the sample revenue cy from
2017 significant t-test with were governmen
difference the aid of positive t officials
between SPSS and on the
the effects version 23 strongly manageme
of oil and correlated nt of
non oil tax with Real revenue
revenue on Gross derived
economic Domestic from
growth in product taxation (
Nigeria (RGDP) oil and non
with oil) in
coefficient Nigeria.
( r=.902,
P<0.05)
and (
r=.975,P<0
.05).

50. M Tax reform The Time The results The study

Adeyemi, in objective series data showed recommen
T Somorin, Achieving of this that d that the
I Akintoye, Economic study was company VAT act
A Ajibade growth in to income tax and PITA
Nigeria determine has a be further
the effect positive reformed.
of tax significant
reform on effect on
economic economic
growth in growth ( t=
Nigeria 5.321,0.00
2).VAT and
PPT does
not
significantl
y