Revenue Profile and Government Expenditure in Nigeria

Joseph, Alade Babatope; Festus, O Arop; David, Ojo Oluwasegun

doi:10.24940/theijbm/2019/v7/i5bm1905-049

Cited by 2 publications

(2 citation statements)

References 4 publications

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“…The elasticity's of response of the respective determinant; inflation (2.319), importation policy (1.988), quantity consumed (2.331), corruption (2.100), population (0.889) and time (0.198) suggest that a 10% increase in inflation, importation policy, quantity consumed, corruption, population and time will increase prices of wheat by 23.19%, 19.88%, 23,31%, 21%, 8.89% and 1.98%, respectively. This finding is in line with Adeyemi et al (2019); and Joseph and Festus (2013). The coefficient of government capital subsidy was statistically significant but negatively related to the price of wheat.…”

Section: Determinants Of Agricultural Food Grain Commodity Pricessupporting

confidence: 83%

Determinants of Agricultural Food Grain Commodity Prices in Nigeria

Ogbonna¹

2020

JASD

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The study analyzed the determinants of agricultural food grain commodity prices in Nigeria. Secondary data was used for the study and covered the period of 1981-2018. Data obtained was analyzed using regression techniques. The findings revealed that inflation, importation policy, oil prices, quantity consumed of maize, corruption, population, that quantity supplied of maize and time variable significantly influenced the prices of maize in Nigeria within the period under review. Inflation, importation policy, quantity consumed, corruption, government capital subsidy, population and time variable significantly influenced the price of wheat in Nigeria within the period under study. The results further disclosed that on aggregate level, inflation, importation policy, quantity consumed of grains, corruption, government capital subsidy, population, quantity supplied of grains and time variable significantly (P≤0.5) influenced the price of food grains in Nigeria within the period under review based on the specified model. The study therefore, recommended that government should put in place necessary strategies to curb the rate of corruption and ensure political stability in the country that favours food grain price regulation as well as ensure that the prices of food grains in Nigeria, especially that of wheat and maize are made affordable to consumers and that it encourages the farmers to remain in the production of food grains in Nigeria.

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Section: Determinants Of Agricultural Food Grain Commodity Pricessupporting

confidence: 83%

Determinants of Agricultural Food Grain Commodity Prices in Nigeria

Ogbonna¹

2020

JASD

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“…To meet individuals' needs, there would be a decrease in consumption level as there is no corresponding increase in the income level of households and prices of the commodity. This outcome nosedived to uphold the discoveries of Salami, et al (2015), Kolahi & Noor (2016), Inyiama & Ubesie (2016), Ogwuru & Agbaraevoh (2017), Nwokoye &Rolle (2017), andOsho, et al (2019) but advocated the summisions of Uzoka and Chiedu (2018), Owino (2019), Alade, Olaoye, & Ojo (2019) and Emmanuel and Onyedikachi (2020) that CIT has a negative and insignificant effect on consumption.…”

Section: Discussion Of Findingsmentioning

confidence: 93%

Do the Consequence of Taxation Impact Household Consumptions in Nigeria? Absolute Outcome from Autoregressive Distributed Lag (ARDL)

Adegbite

2023

S. Asian J. Finance

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Purpose: This study investigated taxes’ effect on household consumption expenditure in Nigeria. Taxation was examined through Petroleum Profit Tax, Company income Tax, Value Added Tax, and Customs and excise duties while household consumption expenditure was proxied with the aggregation of households’ expenditure expended on daily needs and procurement of others useful products.Design/Methodology/Approach: The established data are sourced through Central Bank of Nigeria statistical bulletin and annual reports of federal Inland Revenue for a period of 31 years, spanning from 1990-2021, in order to examine the effect of taxation on household consumption expenditure in Nigeria. To achieve the motive behind this study, Autoregressive distributed lag Model, unit root test, Cointegration Test, correlation analysis, lag selection test, and regression, as well as normality test and stability test, were also involved as post-analysis confirmatory tests.Findings: It was discovered that Petroleum Profit Tax has significant, strong, and positive influence on household consumption, but Company income Tax, Value Added Tax, and Customs and Excise duties have negative significant influence on household consumption. Conclusively, taxes have a negative effect on household consumption expenditure in Nigeria.Originality: Having critically reviewed the existing studies, it was invariably realized that none of the extant studies examined how taxes influence household consumptions in Nigeria, their studies were confined to taxation effect on economic growth, investment, inflation, and government expenditure. Hence, this study incorporated Autoregressive distributed lag (ARDL) Model to analyze the effect of taxes on household consumption in Nigeria which made the study unique among the existing studies.

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Revenue Profile and Government Expenditure in Nigeria

Cited by 2 publications

References 4 publications

Determinants of Agricultural Food Grain Commodity Prices in Nigeria

Determinants of Agricultural Food Grain Commodity Prices in Nigeria

Do the Consequence of Taxation Impact Household Consumptions in Nigeria? Absolute Outcome from Autoregressive Distributed Lag (ARDL)

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