Nigerian Journal of Banking and Financial Issues (NJBFI)

FEDERALLY COLLECTED TAX REVENUE AND GOVERNMENT EXPENDITURE: IMPLICATIONS ON QUALITY HEALTHCARE IN NIGERIA

Authors

  • AGUGUOM Theophilus, Anaekenwa Author
  • OLADELE Samuel Olumuyinwa Author

Keywords:

Company income tax, Custom and excise duties, Expenditure on healthcare, Federal tax revenue, Value-added tax, Petroleum profit tax

Abstract

This study examined the impact of federal tax revenue on healthcare facilities in Nigeria over a 30-year period from 1994 to 2023. It employed an ex-post facto research design, focusing on government expenditure on healthcare. The study used a purposive sampling technique to select the study period and extracted data from the Central Bank of Nigeria Statistics Bulletin, Office of Budget and Fiscal Policy, Nigerian Exchange Group, and the Federal Inland Revenue Services. Descriptive and inferential statistics (specifically multiple regression), revealed a significant relationship between federal tax revenue and expenditure on healthcare facilities in Nigeria This finding suggests that higher federal tax revenue positively influences government spending on healthcare. The study recommended that the Nigerian government prioritize honesty, transparency, and accountability in utilizing tax revenue.

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Published

2026-01-22

Issue

Vol. 11 No. 1 (2025): Nigerian Journal of Banking and Financial Issues (NJBFI)

Section

Articles