Non-Oil Revenues and Economic Growth in Nigeria

This study investigated the effect of non-oil revenue on economic growth in Nigeria. The aim of the study is to
determine the effect of non-oil revenue on the growth of Nigerian economy. The researcher employed expost facto
design, the sample size was chosen through purposive sample method to be 22 years. The data used were time
series collected from CBN statistical bulletin 2020. The statistical tool applied was ordinary least square multiple
regression analysis. The findings at 0.05 level of significance, revealed that company income tax has no positive
and significant effect on gross domestic product in Nigeria, custom and excise duty has no positive and significant
effect on economic growth in Nigeria, value added tax has a positive and significant effect on gross domestic
product in Nigeria and education tax has no positive and significant effect on economic growth in Nigeria. Based
on the findings, it was recommended that government intensify the collection of value added tax and also improve
on the collection of company income tax, custom and exercise duty and educational tax to grow the economy.