Mountain Top University Library

This study examines the impact of Tax Revenue and Nigeria Economic Growth. In order to achieve this objective, data was gathered through secondary means. Tax Revenue is proxy by Petroleum Profit Tax, and Companies Income Tax, while Economic Growth is proxy by Gross Domestic Product, and Consumer Price Index. Data collected were analyzed with the aid of the E Views 12 statistical software. This study uses time series data for a period of 32 years (1990-2021) OLS model is used to run the multiple regression analysis. The F-value of 160.4760withacorresponding P-value of P<0.0000 which is less than the 0.05 (5%) significant level lends credence to the fitness of the model and its overall significance. Therefore, tax revenue has significant influence on economic growth in Nigeria (CPI) while the F-value of 371.8931withacorresponding P-value of P<0.0000 which is less than 0.05 (5%) significant value lends credence to the fitness of the model and its overall significance. Therefore, tax revenue has a significant influence on economic growth in Nigeria (GDP). The study recommends that government should be transparently and judiciously account for tax revenue generated through the provision company income tax and petroleum profit tax.