INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION

TAXES GENERATED IN DIGITAL AGE AND ECONOMIC GROWTH IN NIGERIA

Dr. Philip Osemudiamen Ogbole,, Nathaniel Ime, Prof. Ruth Osaretin Urhoghide

September 22, 2025

Citation

INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION , Vol. 2 (2) (2025) , pp. 154-166

Details

ISSN: 3027-0378
Published: September 22, 2025
Status: Published

Abstract

The study examined the effect of taxes generated in digital age on economic growth of Nigeria from 2019 to 2022. Ex-Post facto research design method was adopted for this study. The research population of this study was centered around Nigeria, that is a total of all sectors that contributes to Nigeria’s GDP.  Secondary data were sourced from The National Bureau of Statistics Reports and Federal Inland Revenue Service Reports from 2019 to 2022. Data from the annual reports were analyzed using descriptive statistics and inferential statistics such as analysis test through EViews 9.0 statistical software. Findings from the empirical analysis showed that Company Income Tax had a negative and not significant effect on Gross Domestic Product of Nigeria with t-value of -1.884830 and p-value of 0.0599. While Tertiary Education Tax and Value Added Tax had a positive and significant effect on Gross Domestic Product of Nigeria with t-stat of 2.091909 and p-value of 0.0369 and with t-stat of 1.601106 and a p-value of 0.1099 respectively. Therefore, the study recommends that government should organize trainings, seminars, and workshops for tax administrators, Nigerian public, students in higher institutions, and firms on the importance and benefits of taxes on economic growth in Nigeria. There should be more introduction of technologies and e-channels that will speed up optimal tax mobilization in Nigeria. The Nigerian government should effectively and judiciously use the tax funds to improve the capital and recurrent expenditures, infrastructures, and the wellbeing of her citizens.

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