VALUE ADDED TAX AS AN IMPORTANT SOURCE OF REVENUE TO THE GOVERNMENT OF NIGERIA

ABSTRACT

This paper analyzed empirically the impact of Value Added Tax(VAT) on economic growth in Nigeria from 2008-2022. Data was collected from Central Bank of Nigeria (CBN) statistical bulletin. Ordinary Least Square technique was used to estimate the model, which reveals a strong positive significant impact of VAT on economic growth in Nigeria. Therefore, this study recommends that the VAT should not be high on the infant industries, so as to enable them grow.