IMPACT OF TAX REVENUE AND GOVERNMENT EXPENDITURE ON THE REAL GROSS DOMESTIC PRODUCT OF NIGERIA

This study evaluates the effect of tax revenue and government spending on the Real GDP of Nigeria for1990 to 2022. It employs the ex post facto research plan, while using the OLS multiple regression technique to ascertain the impact of the explanatory variables on the dependent variable. The findings show that tax has a positive but weak effect while government spending has adverse and little impact on the Real GDP of Nigeria. The implication is that, for a prolonged period, Nigeria's fiscal advancement and public spending were conversely connected. Consequently, Federal Government of Nigeria is advised to reorient their pattern of spending by allocating more of government finances to productive expenditures. In addition, they should exploit the country’s revenue prospects by expanding its revenue base