INDIRECT TAX AND INCLUSIVE GROWTH IN NIGERIA

Autor/innen

  • Chioma Chidinma George-Anokwuru Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria

DOI:

https://doi.org/10.46827/ejefr.v7i2.1460

Schlagwörter:

indirect tax, inclusive growth, VAT, ECM, customs and excise duties

Abstract

This study carefully investigated the effect of indirect tax on inclusive growth in Nigeria from 1994-2019. To achieve the above objective, secondary data on the human development index, value-added tax, as well as customs and excise duties were sourced from the statistical bulletin of Nigeria’s apex bank. Co-integration and ECM techniques were used as the main analytical tools. The regression result revealed that value-added tax has a positive and insignificant relationship with inclusive growth (human development index) in Nigeria during the period of study. At the same time, customs and excise duties have a negative and significant relationship with inclusive growth (human development index) in Nigeria during the studied period. Based on the findings, the study recommended that revenue from the various forms of indirect tax – value-added tax and customs and excise duties should be invested in social and community services - health, education, etc., economic services - agriculture, construction, transport and communication among others that will help the various sectors of the economy to function very well thereby improving the quality of life of people as measured by human development index. Government should boost indirect tax revenue. To achieve this, the government should identify and eradicate all administrative loopholes for indirect tax revenue to contribute meaningfully to the improvement of the quality of life of the inhabitants of Nigeria.

           

JEL: H20; H21; H71

 

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Autor/innen-Biografie

  • Chioma Chidinma George-Anokwuru, Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria

    George-Anokwuru, Chioma Chidinma (PhD) is a senior lecturer in the department of economics, University of Port Harcourt, Port Harcourt, Rivers State, Nigeria. Her teaching-research interests are in the areas of monetary and international economics. She has more than fifty publications to her credit in these broad areas. In addition, she is an economic-management consultant to various private organizations. She actively participates in local and international conferences.

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Veröffentlicht

2023-04-16

Ausgabe

Bd. 7 Nr. 2 (2023)

Rubrik

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