EFFECT OF NON-OIL REVENUE ON REVENUE GENERATION IN THE NIGERIAN ECONOMY

Abstract

The study examined the effect of tax efficiency on revenue generation in the Nigerian economy. Secondary data gotten from the quarterly economic report of the Central Bank of Nigeria was explored in gathering data while simple regression analysis was employed for data analysis to test the hypotheses. Furthermore, correlation analysis was applied in the assessment of the relationship between the non-oil tax revenue sources and federally collected revenue. Descriptive statistics was also adopted. Findings of this study therefore provide perception into the effect of tax revenue and federal government tax generation on government revenue. It further provided perception as to the extent to which each of the independent variables affects the dependent variable through the graphical corroboration and also provides an affirmation of the extent to which the variations in the dependent variable are caused by the independent variables covered in the models as depicted by the R2 and adjusted R2 . The study concludes that the value added tax, company income tax and custom and excise duties has no significant relationship with the federally collected revenue.