IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v9y2025i1p2184-2189.html
   My bibliography  Save this article

Fiscal Policy (VAT) Reform and Economic Growth: Empirical Evidence of Nigeria

Author

Listed:
  • BIAZE, Preye k.

    (Department of Accountancy, Delta State Maritime Polytechnic Buru, Nigeria.)

  • KPOLODE Oghenevwo P.

    (Department of Accountancy, Niger Delta University, Amasoma, Bayelsa State, Nigeria)

  • EKIODIRIBO, Kelvin A.

    (Department of Business Administration, Delta State Maritime Polytechnic Buru, Nigeria)

Abstract

Value added tax (VAT) is an element of fiscal policy and it has been a consumption since from 1st September, 1993 and was impose or became operational on 1st January 1994 at the rate of .five percent (5%),and was later adjusted upward to 7.5%, however this new fiscal reform is proposing a 10% VAT value which is about 2.5% increase in the prior value and 15% by 2027, therefore we employed secondary data covering data from 2020 to 2023 extracted from Nigeria statistical bulletin and central bank of Nigeria to examined fiscal policy (vat) reform and economic growth, the regression showed a statistical significant relationship between the explanatory variables and the response variables, which agreed with the study. Hence we recommend that policy that deter consumption purchasing power on the average should be discourage, this is because it will not only reduce productivity but also increase unemployment.

Suggested Citation

  • BIAZE, Preye k. & KPOLODE Oghenevwo P. & EKIODIRIBO, Kelvin A., 2025. "Fiscal Policy (VAT) Reform and Economic Growth: Empirical Evidence of Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(1), pages 2184-2189, January.
    • Handle: RePEc:bcp:journl:v:9:y:2025:i:1:p:2184-2189
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-9-issue-1/2184-2189.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/fiscal-policy-vat-reform-and-economic-growth-empirical-evidence-of-nigeria/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:9:y:2025:i:1:p:2184-2189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.