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ABSTRACT
The study investigates the relationship between tax revenue and infrastructure development in Nigeria using annual time series data for the period 1984 – 2022. The variables considered are government capital expenditure, a proxy for infrastructural development, company income tax, value-added tax, petroleum industry tax and tertiary education tax. The analysis was based on data extracted from the Central Bank of Nigeria (CBN) statistical bulletin and the Federal Inland Revenue Service annual report. The findings revealed that revenue derived from company income tax has a positive and significant relationship with infrastructural development in Nigeria. Value-added tax and infrastructural development are positively related but statistically insignificant. Petroleum industry tax has a positive and statistically insignificant relationship with infrastructure development in Nigeria and tertiary education tax has a statistically significant negative relationship with infrastructural development. The study recommends that there should be an increase in revenue from company income tax, which can be achieved through expansion of the tax base and minimization of leakages and compliance to value-added tax should be ensured by the government.
