The Dynamics of Tax Components in Relation to Good Governance in Nigeria: An Issue for Economic Development

There is a public concern for a return on the formulation and implementation of macroeconomic policies. The study aim at determining effect of fiscal policy on Nigeria economic development. The study adopted secondary data obtained from the CBN 2019 statistical bulletin for the period of 1999-2018. The study used economic views for regression analysis and Granger Causality Test. The alternative hypothesis (Hi) “government’s revenue and expenditure policies have significant effects on Nigeria economic development” and “annual budgets of government have significantly contributed to Nigeria economic development” are accepted. The study concluded that fiscal policy components are very significant to economic development. The study recommended that tax revenue generation policies should be addressed to avoid leakages in the economy.