EFFECT OF TAX REVENUE ON PER CAPITAL INCOME OF NIGERIA
This study ascertain the effect of tax revenue on Per Capita Income of Nigeria from 2000-2019. This study employed the use of time series data and Ex-post facto research design was adopted. Secondary data were sourced from Central Bank of Nigeria (CBN), Statistical Bulletin, Federal Inland Revenue Service (FIRS), World Bank Statistical Bulletin and Annual Abstract of Statistics from the National Bureau of Statistics (NBS). Descriptive statistics were utilized for the study variables while Ordinary Least Square (OLS) regression analysis was used to test the hypothesis. The study found that tax revenue has a significant positive effect on per capita income of Nigeria. According to the study's conclusion, in order to maximize the positive relationship between corporate income tax and economic development, all tax offices in Nigeria should implement information technology, which is seen as the hallmark of the twenty-first century, allowing tax payers and tax authorities to declare uniform and consistent claims, thereby preventing tax evasion in the country.