Tax Revenue, Government Capital Expenditure And Economic Growth In Nigeria:- Joel, Kenneth O

ABSTRACT

Taxation is a major source of government revenue all over the world and governments use its proceeds to render their traditional functions, such as: the provision of goods, maintenance of law and order, defense against external aggression, regulation of trade and business to ensure social and economic maintenance (Edame & Okoi, 2014). A system of tax avails itself as a veritable tool that mobilizes a nation’s internal resources and it lends itself to creating an environment that is conducive for the promotion of economic growth (Ayuba, 2014). Therefore, tax plays a major role in assisting a country to meet its needs to promote self-reliance. The need for tax payments has been a phenomenon of global significance as it affects every economy irrespective of national differences (Oboh& Isa, 2012).