EXAMINATION OF TAX LAWS AS INTEGRAL SOURCE OF INTERNALLY GENERATED REVENUE IN NIGERIA

Abstract

This paper focuses on examining tax laws regimes, as an integral source of internally generated revenue in Nigeria. The paper observes that the problems of revenue generation are cogs in the wheel to the smooth running of government administration. The paper’s objective is to find out the extent to which various tax policy reform has affected revenue generation and the development of the Nigeria economy. The paper findings among others include a significant relationship between revenue generated and developmental effort of government, poor development of infrastructural and basic social amenities to the rural people and lack of revenue to maintain the existing infrastructures. The paper recommends, among others that the government provide high quality basic amenities. The paper concludes that by so doing, the people’s interest would be geared towards giving their maximum support to the local government, which would lead to the development of the rural areas.