Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/546
Title: Non-Oil revenue buoyancy and elasticity: implications for revenue generation in Nigeria
Authors: Gaiya, B.
Ononugbo-Ikenna, A.A.
Ajala, K.
Keywords: Revenue buoyancy
Revenue elasticity
Revenue generation
Revenue base
Nigeria
Issue Date: Mar-2016
Publisher: Central Bank of Nigeria, Research Department
Citation: Gaiya, B., Ononugbo-Ikenna, A.A. & Ajala, K. (2016). Non-Oil revenue buoyancy and elasticity: implications for revenue generation in Nigeria. Economic and Financial Review. 54(1), 71-99.
Series/Report no.: Vol. 54;No.1
Abstract: The paper employs annual time series data on real government tax revenue components from 1981-2014 to endogenously determine the level of non-oil revenue buoyancy and elasticity and its implication for revenue generation in Nigeria. A partitioning approach to determining tax buoyancy and elasticity is employed to address these objectives. The study found that with the exception of the Company Income Tax, an inelastic tax structure exists in Nigeria for the period under review. The proxy bases had similar results in terms of their responsiveness to the tax system. There were also evidences that the discretionary measures taken during the study period were not effective as shown in the low discrepancies between the buoyancy and elasticity measures. Among others, we recommend that government should as a matter of urgency strengthen tax administration and curtail leakages associated with tax avoidance and evasion. In addition, there is need for stronger collaboration among the relevant fiscal authorities and to streamline the tax structure and rates, reduce tax waivers and bureaucratic bottlenecks in the tax administration.
URI: http://library.cbn.gov.ng:8092/jspui/handle/123456789/546
ISSN: 1957 - 2968
Appears in Collections:Economic and Financial Review

Files in This Item:
File Description SizeFormat 
Non-oil revenue buoyancy and elasticity.pdf4.16 MBAdobe PDFThumbnail
View/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

Admin Tools