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Title: | Revenue beyond Oil Reliance: Can Nigeria Leverage Non-oil Tax Revenue for Inclusive and Pro-poor Growth? |
Authors: | Owuru, Joel E. Olabisi, Olabode E. |
Keywords: | Oil Tax Revenue, Non-Oil Tax Revenue, Inclusive (pro-poor) growth, and FMOLS |
Issue Date: | Aug-2020 |
Publisher: | Human Resource Management Academic Research Society |
Citation: | Owuru, J. E., Olabisi, O. E. (2020). Revenue beyond Oil Reliance: Can Nigeria Leverage Non-oil Tax Revenue for Inclusive and Pro-poor Growth. International Journal of Academic Research in Business and Social Sciences. 10(9), 199-212. |
Abstract: | The main aim of this study was to empirically examine the possibility for Nigeria to leverage non-oil tax revenue for inclusive and pro-poor growth. This is done through an analysis of quarterly data on oil tax revenue and non-oil tax revenue factors spanning 2011-2016. The study adopts Fully Modified Ordinary Least Square (FMOLS) estimation strategy in order to make inferences. The results of our analysis show that non-oil tax revenue has a positive contribution to inclusive growth in Nigeria than oil revenue. Based on this empirical evidence, non-oil tax revenue has the potential of aiding sustainable inclusive growth in Nigeria; hence the economy of Nigeria should be diversified intensively to increasingly harness the potential opportunities of the real sectors where non-oil tax revenue is generated in order to attain sustainable inclusive and pro-poor growth. |
Description: | Staff Publication |
URI: | DOI:10.6007/IJARBSS/v10-i9/7722 http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/1116 |
Appears in Collections: | Research Articles |
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