Deploying Taxation as a Viable Instrument for Economic Recovery in a Post-Pandemic Nigeria

Abstract

The unprecedented outbreak of COVID-19 has left its ugly hands on every aspect of life, especially the economy, ranging from pressure on a weak healthcare system to loss of trade, dwindling revenue, subdued capital flows, and tight financial condition amid mounting debt. Taxation, being the strongest link between the state and the people, and the major determinant of other macroeconomic indices including but not limited to inflation, fiscal deficit, and public debt, becomes an indispensable instrument for economic recovery in a post-pandemic Nigeria. Thus, paper presents a thoughtful exploration of how to recover the economy via taxation from the impacts of the pandemic.

Keywords: COVID-19, Economic recovery, Taxation

JEL Classification: H2