ASSESSING THE 'VALUE' IN VALUE ADDED TAX: EVIDENCE FROM NIGERIAN ECONOMY

Nigeria operates a federal system of government hence the fiscal operations has serious implications on the tax system as administered in the country.\n073464, while P=0.6540 (i.e. P>0.05) This negativity could be as a result of the increasing cost of living over the years allowing consumers' purchasing power to suffer a free fall with attendant avers implication on the GDP and possible revenue leakage owing to poor VAT administration. [...]based on the foregoing, the null hypothesis (H0) should be accepted and the alternate hypothesis (Hi) should be rejected as there is no significant relationship between Value Added Tax and Economic growth. [...]the null hypothesis (H0) was rejected while the alternative hypothesis (Hi) was accepted as there is a significant relationship between values added tax and the total revenue generated in Nigeria.