Impact Of Petroleum Sector Revenue And Economic Growth

The basic reasons for taxation in any economy cater on the need to raise revenue for economic and social development and to guide taxpayer’s behavior. Revenue from taxation accounts for over 80% of government earnings in Nigeria, hence special attention is often paid by tax experts, economists and the larger public on how such revenue is being disbursed by government among the various economic sectors that makes up the country. This study, therefore, attempts to evaluate the impact of taxation as a source of governance paying special emphasis on petroleum profit tax over a period of twenty yea…