Petroleum Profit Tax And Economic Growth In Nigeria

ABSTRACTThis study examines petroleum profit tax and economy growth. In the light of the empirical review and other discussions, a number of questions arose as to whether there is relationship between petroleum profit tax and economy growth. Using the Ordinary Least Square (OLS) regression technique with the aid of computer software, for a 1970 – 2011 time series data, the empirical findings revealed among other things, that there is a significant positive relationship between Petroleum Profit tax and GDPGR. The study recommends, that the government should ensure that revenue generated from ta…