ASSESSING THE RELATIONSHIP BETWEEN TAXATION AND ECONOMIC GROWTH IN NIGERIA: THE ROLE OF REVENUE MANAGEMENT

Abstract

Taxation is an indispensable source of revenue for the government as it enables the delivery of vital services for the general population. This study will investigate the link between proper management of tax revenue and economic growth in Nigeria. Mobilizing tax income has been difficult for Nigerian government due to various forms of resistance, evasion, corruption, and lack of knowledge or poor education on taxation among the citizens. The country's over-reliance on crude oil sales profits has resulted in the economy growing sensitive to worldwide oil market fluctuations, which threatens the economic stability. The current study will employ empirical investigation to determine whether weak tax-induced economic development is due to low tax revenue collection or low tax payer compliance. Diversification of Nigeria's revenue sources is a major concern for the economy, and this research aims to provide a better understanding of the relationship between tax revenue management and economic growth in Nigeria