Non-oil Tax Revenue, Institutional Quality and Natural resources management in Nigeria

Natural resource management attracts investment, fosters innovation, and promotes long-term economic performance. However, research has revealed that Nigeria's rapid economic development has been hampered over time by persistent deficiencies in the management of its natural resources. Studies have identified the effective utilization of non-oil tax revenue as a key component and potential solution for addressing these gaps in natural resource management. Accordingly, this study examined the effect of non-oil tax revenue on natural resource management in Nigeria. The study adopted an ex-post facto research design, while purposive sampling was used to determine the sample size. Data covering a 41-year period, from 1984 to 2024, were obtained from the World Bank Development Indicators Database, the National Bureau of Statistics, and the Central Bank of Nigeria Statistical Bulletin. The validity and reliability of the data were established based on the statutory audits of the financial statements of relevant government agencies. The data were analyzed using descriptive and inferential statistics, specifically multiple regression analysis. The findings revealed that non-oil tax revenue had a significant joint effect on natural resource management. The study further established that non-oil tax revenue enhanced natural resource management in Nigeria. It therefore recommended that the government and relevant tax authorities should ensure the effective maximization of non-oil tax revenue to strengthen natural resource management in Nigeria.