Impact of internally generated revenue on total revenue accruing to state governments in Nigeria

Impact of internally generated revenue on total revenue accruing to state governments in Nigeria

Author by Dr. Tunji Siyanbola

Journal/Publisher: Ge-international Journal Of Management Research

Volume/Edition: 2

Language: English

Pages: 31 - 45

Abstract

This study assessed, in empirical terms, the roles that internally generated revenues play in the administration of state governments in Nigeria, using Ogun State in the South Western part of the country, as case study. It adopted the econometric tool of Ordinary Least Square (OLS) Regression method to analyse the relationship between internally generated revenues and subventions from the federation over a period of 10 years. The study found a positive relationship between the independent and dependent variables, indicative of the fact that internally generated revenue has a major influence on total revenue of the state government. The study therefore recommends that the state government should intensify its efforts in deepening the sources of its internally generated funds, thereby depending less on federal government statutory allocations and other external funds.


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