Analysis of the Impact of Macroeconomic Components on the Realization of Tax Revenue in Nigeria

Onaolapo Adekunle Rahman; Raji Mojeed Gbolagade

doi:10.59890/ijbmp.v3i2.6

Authors

Onaolapo Adekunle Rahman Ladoke Akintola University of Technology
Raji Mojeed Gbolagade Polytechnic Ibadan

DOI:

https://doi.org/10.59890/ijbmp.v3i2.6

Keywords:

Inflation, Real Gross Domestic Product, Realization of Tax Revenue, Institutional Theory

Abstract

This study investigates the impact of macroeconomic components (MCs) on tax revenue realization in Nigeria, using time series data covering the period from 1998 to 2023. The empirical techniques used in this study are descriptive and inferential statistics. The study shows that the F-statistic of the model is statistically significant (p-value = 0.0000), indicating that the overall regression model is a good model. RTR (-1) with p-value 0.0015< 0.05, which is significant and positively associated with realization tax revenue. The study therefore concluded that MCs have significant in influencing Nigeria’s realization of tax revenue. The study therefore recommended that MCs should be central considerations in policy-making to optimize tax revenue realization in Nigeria

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