ABSTRACT: Numerous prior literatures revealed show widespread adoption of economic growth indicator to
measure economic development. This research was therefore carried out to examine the effect of tax revenue on
economic development in Nigeria, using human development index and unemployment rate as dependent
variables and personal income tax, company income tax, petroleum profit tax and value added tax as
independent variables. Panel data set covering 2004 - 2019 were sourced from the Federal Inland Revenue
Service (FIRS) and the National Bureau of Statistics (NBS) bulletin. Result obtained from the application of the
co-integration and error correction modeling techniques on disaggregated data covering the study period
revealed that tax revenue has not significantly influenced human development and unemployment rate in
Nigeria. Based on this outcome, it was recommended among other things that the fiscal indiscipline which has
eaten deep into the lives of Nigerians at the high and low places should be effect