International records / OpenAlex research

Effect of Non-Oil Taxes on Economic Growth in Nigeria

This study examined the effect of non-oil taxes on economic growth in Nigeria using annual time series data. Non-oil taxes were proxied using company income tax, value added tax and stamp duties. Descriptive statistics revealed that gross domestic product had a mean value of ₦22,535,370 billion, while company income tax, stamp duties, and value added tax averaged ₦457.29 billion, ₦3.58 billion, and ₦104,515.7 billion, respectively. The Augmented Dickey- Fuller (ADF) unit root test indicated that all variables were integrated at first difference (1). Johansen co-integration results confirmed th…