- Revenue Generation,
- Economic Growth ,
- Value Added Tax
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Copyright (c) 2023 African Journal of Business and Economic Development
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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The study aimed at examining taxation as a tool for revenue generation and economic development in north eastern states of Nigeria. The study aimed at determining the impact of taxation on revenue generation in northern eastern states of Nigeria and to determine the impact of taxation on economic growth in north eastern states of Nigeria. The data was collected from the board of internal revenue of the north-eastern states for the periods of ten (10) years (2013-2022). Also, data collected was analyzed using regression analysis. The study discovered that, there is positive and significant relationship between total taxes, revenue generation, and economic growth. Furthermore, the study found a negative and significant relationship between Value Added Tax (VAT) and economic growth. Thus, a well-designed and efficiently implemented tax system can serve as a powerful tool for generating government revenue, funding public services, and fostering overall economic development. Therefore, the study recommended that, government should create a secure environment where properties and life are protected in the north eastern Nigeria in order to facilitate more business activities, so as to have more tax collection that can boost economic growth and development.