COMPANY TAX, FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN NIGERIA

This study examined the impact of corporate tax revenue and foreign direct investment on economic growth in Nigeria for the period 1981-2019 using error correctionmechanism approach. Prior to estimation, descriptive analysis, unit root test andcointegration tests were carried out. From the estimate, it was found that corporatetaxrevenue and FDI positively and significantly impact on economic growth. Real exchangerate was also found to exhibit positive and significant impact on economic growth. Theerror correction term was negatively signed and statistically significant with about 53percent speed of adjustment. Cumulative sum of recursive residuals and cumulativesumof recursive residuals squares shows that the model is structurally stable. This wasthereafter followed by recommendations such as implementation of policy that enhancescorporate tax revenue and the creation of enabling environment that attract FDI inflows.