An Examination Of Tax Revenue And Economic Growth In Nigeria 1981-2014

CHAPTER ONEINTRODUCTION1.1 BACKGROUND TO THE STUDY The Nigerian government, like other countries of the world, has legislative powers to impose on its citizens, any form of tax and at whatever rate it deems appropriate. Nigeria has a mixed economy i.e, government undertakes commercial investments alongside the private sector. Economists generally agree that there is a need for minimal direct government intervention through fiscal policies and instruments such as taxation, public expenditure and regulation. Thingan (1995) argues that the most potent fiscal instrument is taxation which facilitat…