Revenue Generation And Stamp Duty On Economic Growth In Nigeria (2015-2023)

This study examined the impact of revenue generation and stamp duty on Nigeria's economic growth from 2015 to 2023. The research investigates the relationship between revenue collection mechanisms; particularly stamp duty, and macroeconomic indicators such as GDP growth, employment rates, and investment levels. The study aims to provide a comprehensive understanding of how stamp duty contributes to national revenue and its subsequent effect on economic performance. The study concluded that increase in stamp duty revenue is strongly associated with higher economic growth, underscoring the importance of efficient tax collection systems in promoting national economic performance. It is recommended that the government should develop compliance-boosting policies, improve administrative procedures, and review stamp duty rates on a regular basis in order to optimize benefits. Infrastructure development and public investments can be supported by optimizing stamp duty collection.