Capital flight effects on government tariff and direct tax revenues in Nigeria (2019-2030): A dynamic SCGE approach
| dc.contributor.author | Odior, E.S.O. | |
| dc.contributor.author | Iwegbu, O. | |
| dc.date.accessioned | 2025-07-29T10:10:40Z | |
| dc.date.available | 2025-07-29T10:10:40Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | The overall objective of this research is to analyse the effects of capital flight on government tariff revenue and direct tax revenue in an oil exporting and importing country like Nigeria over the period 2019–2030. The study used a dynamic structuralist computable general equilibrium (DSCGE) model to run simulations that indicate the nature of the effects. The findings show that increase in the growth rate of capital flight (successive outflow of legal or illegal capital) in Nigeria will exerts a negative effect on government tariff and direct tax revenues in the immediate, short, medium and very long term. On the basis of our findings, this study recommends the following strategies to curb capital flight from Nigeria, these include, plugging the holes through which money leaks, transparency and quality of bilateral trade data, checking the role of multinational corporations in trade misinvoicing, CBN should introduce selective, targeted, and time-bound capital controls to stem outflows, especially outflows through banking channels, Government should thus depend more on domestic borrowing as a means of supplementing its resources and governments and policymakers must establishment of well-functioning political and judicial institutions that will ensure political stability within a country. | |
| dc.identifier.citation | Odior, E.S.O., & Iwegbu, O. (2024). Capital flight effects on government tariff and direct tax revenues in Nigeria (2019-2030): A dynamic SCGE approach. In W.A., Isola, & I.C. Nwaogwugwu Imperatives of money and capital markets in economic development, Festschrift in honour of Professor Ndubisi Ifeanyi Nwokoma, (Pp 403 – 437) Department of Economics, University of Lagos. | |
| dc.identifier.uri | https://ir.unilag.edu.ng/handle/123456789/13291 | |
| dc.language.iso | en | |
| dc.title | Capital flight effects on government tariff and direct tax revenues in Nigeria (2019-2030): A dynamic SCGE approach | |
| dc.type | Book chapter |