Impact of Customs and Excise Duties on Government Borrowing in Nigeria

  • Adesewa R. Edoumiekumo Department of Accounting Niger Delta University

Abstract

The study focused on customs and excise duties and government borrowing in Nigeria from 2011 to 2020. Basically, the researcher used quarterly time series data sourced from the Federal Inland Revenue office and the Debt Management Office (DMO), Nigeria. The researcher used total government public debt outstanding as proxy for government borrowing. The data were analysed using a regression technique. From the analytical output, the researcher found that custom and excise duties (CED) also have a negative impact on government’s debt (GOVD) in Nigeria during the period of the study as the coefficient of D (CED) has a negative value of -0.551674. The researcher concluded that customs and excise duty has negative relationship with government borrowing in Nigeria. It was, therefore, recommended that the fight against corruptions in the parastatals and agencies of government saddled with the responsibility of collecting and remitting indirect taxes to the treasury single account should be holistic, instead of being selective.

Author Biography

Adesewa R. Edoumiekumo, Department of Accounting Niger Delta University



Published
2022-09-05
How to Cite
EDOUMIEKUMO, Adesewa R.. Impact of Customs and Excise Duties on Government Borrowing in Nigeria. SAU JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES, [S.l.], v. 7, n. 3, p. 137-144, sep. 2022. Available at: <https://journals.sau.edu.ng/index.php/sjmas/article/view/855>. Date accessed: 30 sep. 2022.