ABSTRACT
The importance of taxation as a policy in a growing economy like
Nigeria cannot underestimate. It has become one of the popular
positions of professional economists that tax revenue of any given
government / nation contributes to the checks and healthy management
of its national governance economically and improves communal
services. This project has taken a through researched process to
highlight the fact that tax generally facilitates resource and promote
social equity and ensure stability of economic growth. Hence Nigeria as
the case study stands to encounter positive impact on her domestic
growth. It also took through the historical development of taxation,
classification of tax and its procedure for enforcement in Nigeria.
Furthermore it considered the place of taxation in an economic
development, though without underrating the difficulties associated with
the system in Nigeria especially as it concerns lack of conversant among
citizens.
The survey of Nigeria macro-economic situation and subsequent
government revenue in oil and non-oil revenue is made available to
display the concrete situation on ground. Thus, the involvement of some
of sort ethical values enhances the welfare of economics. The work did
summarise the research area and the attended hypotheses depicting the
government revenue absence of positive significance. It is therefore,
recommended that taking religious sector to educate people on their civil
responsibility of tax compliance would go along way.
