Abstract
This paper provides empirical evidence on the impact of indigenous oil and gas producing companies’ tax on Nigeria economic growth. The study adopted ex-post facto research design, and time series data from 1986 to 2015 were sourced from the Federal Inland Revenue Services (FIRS) and the Central Bank of Nigeria (CBN) statistical bulletin. The ordinary least square (OLS) regression analysis with the aid of E-view was used to analyze the data obtained. Research results show that there is a significant relationship between indigenous oil and gas firms’ tax and economic growth in Nigeria. Based on these findings, it was recommended that the Nigerian government as a matter of urgency should carry out and implement reforms that will promote the operation of local players in the industry as well as strengthen petroleum profit tax administration in Nigeria through the effective implementation of the petroleum industry Act of 2021.
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