Revenue beyond Oil Reliance: Can Nigeria Leverage Non-oil Tax Revenue for Inclusive and Pro-poor Growth?
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Date
2020-08
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Human Resource Management Academic Research Society
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
Keywords
Oil Tax Revenue,, Non-Oil Tax Revenue,, Inclusive (pro-poor) growth, and, FMOLS
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.