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ABSTRACT
This study examined the impact of corporate tax revenue and foreign direct investment on economic growth in Nigeria for the period 1981-2019 using error correction mechanism approach. Prior to estimation, descriptive analysis, unit root test and cointegration tests were carried out. From the estimate, it was found that corporate tax revenue and FDI positively and significantly impact on economic growth. Real exchange rate was also found to exhibit positive and significant impact on economic growth. The error correction term was negatively signed and statistically significant with about 53 percent speed of adjustment. Cumulative sum of recursive residuals and cumulative sum of recursive residuals squares shows that the model is structurally stable. This was thereafter followed by recommendations such as implementation of policy that enhances corporate tax revenue and the creation of enabling environment that attract FDI inflows.
