IMPACT OF TAXATION OF THE GROWTH AND DEVELOPMENT OF AN ECONOMY: EVIDENCE FROM ZAMFARA STATE NIGERIA
Authors:
Muhammad Usaini * & Mustapha S Ashir
Abstract:
The research explores the effect of taxation on growth and development for the Nigerian economy’s growth and development. A Federal Inland Tax Service (FIRS), State Internal Revenue Board (SBIR) and Local Government Revenue Committee case study (LGRC). Research objectives include: determining the relationship between economic growth and taxation in Nigeria, analyzing the effect of tax on economic growth and development in Nigeria, and making recommendations to improve its efficiency. The population size consists of 600 Federal Inland Revenue Service workers, the Zamfara State Board of Internal Revenue and the Gusau Local Government Revenue Committee. The primary data was collected by 60 employees chosen for the sample three (3) scale questionnaire. Tables built simply in rows were presented with the available details. The presentation of data with the simple percentage line of the research questions was analyzed. The results have shown that there is an essential correlation between economic growth and development in Nigeria. The study also revealed that there is an effect of taxation on economic growth and development in Nigeria. It was proposed that Nigeria’s government should promote entrepreneurial growth as this would increase government tax revenue and decrease Nigeria’s unemployment rate. For taxation to play a significant source of non-oil income, Nigeria’s economy should also be constrained.