"Financing public deficits in Nigeria" by Umar Elems Mahmud Ph.D

Bullion

Title

Financing public deficits in Nigeria: groping in the dark for taxation

Authors

Umar Elems Mahmud Ph.D, Nasarawa State University, Keffi

Keywords

Taxation, Deficit, Gross Domestic Product, Public Debt, Groping, Tax Reforms

Abstract

The objective of this study is to conduct an expository examination of the inhibitions of voluntary tax compliance and to explore prospects of leapfrogging tax contribution from its posterior position, given the lacunae in precious studies. In the descriptive research design, underpinned by the range of structural-functionalist and expectancy theories, salient among the findings of the study is the diminished contribution of taxation to Nigeria's GDP and total revenue due to weak institutional framework and “faded” enthusiasm of taxpayers. In the circumstance of the situation, and until drastic reforms are successfully executed, Nigeria may be groping in the dark, in search of huge tax revenues.

Author Bio

The author is of the Department of Public Administration, Nasarawa State University, Keffi

Publication Title

CBN Bullion

Issue

Volume

First Page

Last Page

Recommended Citation

Mahmud, Umar Elems Ph.D (2021) "Financing public deficits in Nigeria: groping in the dark for taxation," Bullion: Vol. 45: No. 2, Article 4.
Available at: https://dc.cbn.gov.ng/bullion/vol45/iss2/4

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