International records / OpenAlex research

The impact of Value-Added Tax on unemployment in Nigeria

Since the Finance Act 2020 became effective, there have been scholarly debates regarding the impact of the hike in the value-added tax (VAT) rate from 5% to 7.5% on the general economy of Nigeria. One of the macroeconomic variables that often features in academic discussions is unemployment. Therefore, this study was aimed at examining the impact of the new VAT regime on the situation of unemployment in Nigeria. Autoregressive distributed lag (ARDL) framework was employed in the analysis. Thus, unemployment rate is the dynamic dependent variable while VAT revenue is the dynamic regressor. For …