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ABSTRACT
The study examines the effect of company tax and foreign direct investment on economic development in Nigeria within the period of 1990 to 2022. The study adopted the ordinary least squares method. The outcome of the study revealed that corporate tax has a positive significant impact on economic development in Nigeria. Also, there is a positive significant relationship between foreign direct investment and economic development in Nigeria. Furthermore, foreign portfolio investment has a negative insignificant effect on economic development in Nigeria. Lastly, overseas development assistance has a positive and insignificant effect on economic development in Nigeria. The study recommends that it is important to enhance the economic and financial crime commission (EFCC) so that they can prosecute people who avoid paying taxes or evade them. It is necessary to reevaluate the company tax regulations in order to close the loopholes that most businesses exploit in order to minimize their tax obligations. For Nigeria to generate more foreign direct investment, the right economic policies should be implemented, including market liberalization and macroeconomic stability. Finally, in order to encourage Foreign direct investment into Nigeria, the government must cut the cost of doing business by lowering corporation tax rates.
