Taxation, Economic Growth and Sustainable Productivity in Nigeria

Abstract

This analysis will vigorously investigate nexus among taxation, economic growth and sustainable productivity in Nigeria. It explained that economic growth and productivity of a country can be impaired by unsustainable tax principles and practices in Nigerian ecosystem. Having dependent on secondary means of data collection and system theory, it is discovered that bad tax system can riskily distort the economic growth and invariably affect the growth and productivity of the economy. Consequently, the research work unveils that viable productivity and/or prolonged growth system in Nigeria are linked to compliance with tax laws, proper implementation of tax policies and adherence to national tax principles in the political system. It therefore concluded that strong relationships exist between taxation, economic growth and the sustainable productivity of the economy. It perhaps concludes that when the tax system, principles and policies are well-articulated and adhered to, it will stimulate the ecosystem for sustainable growth and productivity in the economy. It will undoubtedly recommends some policy perspectives for ameliorating some tax challenges and/or for improving on existing functional tax principles in Nigeria.