NON-OIL TAX AND ECONOMIC DEVELOPMENT IN NIGERIA FROM 2000 - 2019

Abstract

The study examined non-oil tax and economic development from 2000 - 2019. The study adopted ex-post facto designs. The population and sample size of the study is the entire 36 states and the federal capital territory of Nigeria. The instrument of the study was secondary data. The formulated research questions were analyzed with descriptive statistics. The hypotheses were tested using the least square panel data regressionanalysis with the aid of E-view (10). The findings of the study were that there is negative but insignificant relationship between company income tax (CIT) and human development index (HDI) in Nigeria. There is insignificant relationship between value added tax (VAT) and human development index (HDI) in Nigeria. From the findings of the study, the following were recommended among others; The issue of company income tax corruption, fraud and financial malpractices need to be checked with the institution of some penal measures. The Federal Inland Revenue Service (FIRS) should embark on a major shake-up by relieving all corrupt officials of their duties.  Regularly tax audit should be carried out on registered VAT collectors to ensure that the tax collected is remitted to the appropriate authorities.