Journal of Management Research and Review (JMRR) · Research article · Open access
Corporate Tax Reform and Economic Growth in Nigeria
Maumo Jerry Jinadu, Ajagun Olusegun Peter, Awogbayila Sunday Ojo, Abata Matthew Adeolu, Kehinde James Sunday
3 November 2025 · Vol. 1, Issue 5, pp. 124-134
DOI: 10.65150/EP-jmrr/V1E5/2025-01
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What is this article about?
This study examines the relationship between the effective corporate tax and investment levels in the economy in Nigeria. Using a mixed-methods approach that combines quantitative panel data analysis from 2011 to 2023 across five Nigerian states with a review of theoretical and empirical literature, the research employs econometric techniques including Fully Modified Ordinary Least Squares (FMOLS) to estimate long-run effects.
Article at a glance
- Published
- 3 November 2025
- Volume / issue / pages
- Vol. 1, Issue 5, pp. 124-134
- ISSN
- 3051-3588 (online) · 3051-357X (print)
- Licence
- CC BY 4.0 — free to read and reuse with attribution
- Peer review
- Double-blind, at least two independent reviewers
- Publisher
- EP Journals Group
Abstract
This study examines the relationship between the effective corporate tax and investment levels in the economy in Nigeria. Using a mixed-methods approach that combines quantitative panel data analysis from 2011 to 2023 across five Nigerian states with a review of theoretical and empirical literature, the research employs econometric techniques including Fully Modified Ordinary Least Squares (FMOLS) to estimate long-run effects. The findings reveal that corporate tax rates have a significant inverse relationship with investment, suggesting that high tax burdens deter private sector investment. The research concludes that well-designed tax reforms can significantly promote economic growth by encouraging investment, improving labour participation, and enhancing industrial competitiveness. It recommends progressive tax structures, reduced reliance on indirect taxes, strengthened tax administration through digitalization, and targeted incentives to support inclusive and sustainable economic development. This study contributes to the existing literature by providing empirical evidence from a developing economy context and offers policy insights for fiscal authorities in Nigeria and similar economies.
Keywords: Consumption Tax, Corporate Tax, Economic Growth, FMOLS, Panel Data, Tax policy reforms
Cite this article
Maumo Jerry Jinadu, Ajagun Olusegun Peter, Awogbayila Sunday Ojo, Abata Matthew Adeolu, & Kehinde James Sunday (2025). Corporate Tax Reform and Economic Growth in Nigeria. Journal of Management Research and Review, 1(5), 124-134. https://doi.org/10.65150/EP-jmrr/V1E5/2025-01
@article{Maumo2025,
title = {Corporate Tax Reform and Economic Growth in Nigeria},
author = {Maumo Jerry Jinadu and Ajagun Olusegun Peter and Awogbayila Sunday Ojo and Abata Matthew Adeolu and Kehinde James Sunday},
journal = {Journal of Management Research and Review},
year = {2025},
volume = {1},
number = {5},
pages = {124-134},
doi = {10.65150/EP-jmrr/V1E5/2025-01},
url = {https://doi.org/10.65150/EP-jmrr/V1E5/2025-01}
}Questions about this article
Who wrote this article?
Maumo Jerry Jinadu, Ajagun Olusegun Peter, Awogbayila Sunday Ojo, Abata Matthew Adeolu, Kehinde James Sunday.
Where and when was it published?
In Journal of Management Research and Review, Volume 1, Issue 5, pages 124-134, published by EP Journals Group on 3 November 2025.
Is this article free to read?
Yes. It is open access under a Creative Commons Attribution 4.0 (CC BY 4.0) licence, so anyone can read, share and reuse it with attribution.
What is the DOI of this article?
10.65150/EP-jmrr/V1E5/2025-01 (https://doi.org/10.65150/EP-jmrr/V1E5/2025-01).
How do I cite this article?
APA: Maumo Jerry Jinadu, Ajagun Olusegun Peter, Awogbayila Sunday Ojo, Abata Matthew Adeolu, & Kehinde James Sunday (2025). Corporate Tax Reform and Economic Growth in Nigeria. Journal of Management Research and Review, 1(5), 124-134. https://doi.org/10.65150/EP-jmrr/V1E5/2025-01
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