ABSTRACT
The study examined the nexus between tax revenue and economic growth in Nigeria. Tax revenue was proxied by company income tax, petroleum profit tax, tertiary education tax, custom and excise duties and value added tax, while economic growth was measured with gross domestic product (GDP). The ex-post-facto research design was adopted and the period of study was.1994-2022. Descriptive and inferential statistics were employed in the study to summarize and draw inference on the data. Furthermore, The Error Correction Model regression was employed to ascertain the impact of tax revenue on economic growth in Nigeria. After controlling the corruption, the result of the inferential statistics revealed that company income tax (CIT) has a positive and significant influence on economic growth in Nigeria, β = 0.0325, T = 2.490324, p = 0.0222 < 0.05. Also, Value Added Tax (VAT) have positive and significantly impact economic growth in Nigeria, β = 152.2494, T = 4.835788, p = 0.0001 < 0.05. However, the study revealed that petroleum profit tax (PPT) have no significant influence on the economic growth in Nigeria, β = -0.000378,T = -0.208613, p = 0.8370 > 0.05.Tertiary education tax (TET) have no significant influence on the economic growth in Nigeria; Customs and Excise Duties (CED) have not significantly promoted economic growth in Nigeria, β = 0.001649, T = 0.141287, p = 0.8891 > 0.05. The study recommended that the government needs to re-orientate the Nigeria Customs Service to improve their skills and knowledge in the working of the revenue authority beyond the specific skills and knowledge required to work in customs.
