You have no items in your shopping cart.
ABSTRACT
The broad objective of this study is to empirically analyze the impacts of taxation and the environment on economic growth in Nigeria. The Ordinary Least Squares method was adopted to analyze the relationship between Gross Domestic product and taxation, carbon dioxide emission, manufacturing output, industrial output and economic service capital expenditure. Two models were adopted for the purpose of this study. The first model examines the relationship between GDP and taxation, carbon dioxide emission, manufacturing output, industrial output and federal government capital expenditure, while the second model examines the relation between carbon dioxide emission and taxation, GDP, manufacturing sector ad industrial sector. Secondary data which spans from 1981 to 2022, sourced from the Central Bank of Nigeria statistical bulletin for real sector and World Development Index, was extracted and utilized for empirical analysis. The result shows that taxation positively impacts on the Nigerian economy and it is significant, while carbon dioxide emission has a significant negative impact on the Nigerian Economy. Manufacturing sector has a significant positive impact on the Nigerian economy however, both the industrial sector and federal government capital expenditure have insignificant positive impact on the Nigeria economy. From the second model, the long run result obtained shows that taxation has a significant positive impact of carbon monoxide emission, while GDP exhibited a significant negative relationship with carbon dioxide emission. Both the industrial sector and manufacturing sector have insignificant negative impact on the Nigeria economy. From the study it was recommended that the Nigerian tax system is efficient and effective to ensure that developmental goals and objectives are achieved. Monies realized from taxation is used for both recurrent and capital projects and programs which are necessary for economic growth and development. Once these monies are channeled to productive activities and key sectors of the economy, it causes massive growth and development.
