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ABSTRACT
The study examines the impacts of taxes and infrastructural development in Nigeria. It employed secondary data gathered from the Central Bank of Nigeria statistical bulletin and Federal Inland Revenue Services. We used purposive sampling technique which narrowed down to taxes collected at the federal level as stated in the Federal Inland Revenue Services. Multi regression analysis was carried out, diagnostic tests, test for normality, test for linearity and goodness of fit test were carried out accordingly. It was found that petroleum profit tax has a positive impact on capital expenditure. Value added tax has a positive but non-significant influence on capital expenditure. Companies income tax has a negative and non-significant influence on capital expenditure while Personal Income Tax exhibited a positive and significant influence on capital expenditure. The study established that to a large extent, tax revenue has the tendency of increasing the capital expenditure of the economy of Nigeria. We therefore recommend that Federal Government of Nigeria should ensure that revenues gotten from Petroleum Profit Tax, Company Income Tax, Value Added Tax and Personal Income Tax are used for the provision of social amenities and infrastructures for her citizens.
