Addressing revenue leakages in nigeria eme, okechukwu innocent chukwurah, daniel c. At a first glance, the data was not surprising as states in southern nigeria continue to. Relevance of tax revenue resources to infrastructural. This payment data sheds light on the revenue generated from these.
In the study of the impact of public revenue on the development of any economy, a distinction has been drawn by several authors between external revenue and internally generated revenue igr. Taxation has not contributed significantly on revenue generation in nigeria. Revenue generation in local government areas problems and prospects includes abstract and chapter one, complete project material available revenue generation in local government areas problems and prospects abstract the adverse situation in the various local government areas of nigeria has led the researcher to go into this very topic. The states with the poorest internally generated revenue of less than 10% in. Broadly, states in nigeria get barely oneeighth of the revenue they utilize for running the affairs of government from within. Internally generated revenue of nigerian states trends. While external revenue is revenue generated from outside the state, igr is the revenue that state governments generate within the areas of their. This is approved for students in accountancy business computer science economics engineering arts. Abstract local government is faced with varieties of difficulties to source adequate revenue from federal government, state government and internally generated. Value added tax vat and inflation in nigeria 1990 to 2003 olaoye clement olatunji accounting department, faculty of management sciences ekiti state university, ado ekiti, nigeria abstract value added tax was introduced in nigeria after two years of preparatory work. The purpose of the study was mainly to identify the major sources and utilization of internally generated financial revenue by nigerian university. Examining weak subnational finances in nigerian states chukwuma agu african institute for applied economics,enugu, nigeria abstract one of the most crucial challenges to nigerias ailing fiscal federalism is the inability of states to raise, retain and manage revenue. Internally generated revenue igr and infrastructural. Scope of the study tax revenue generated by the federal government of nigeria and tax revenue generated by some selected states were obtained in order to.
Annual summary of tax revenue collected in nigeria from 2000 2014 source. For instance, oil sec tor share in total revenue was 54. The dependency of nigerian states on remittances from the federal government is well known. Modeling internally generated revenue igr of local governments in nigeria unyime patrick udoudo1 emmanuel john ekpenyong2 1 department of statistics, akwa ibom state polytechnic, ikot osurua, akwa ibom state, nigeria 2 department of statistics, michael okpara university of agriculture, umudike, abia state, nigeria. Internally generated revenue igr and effectiveness of. Political and economic instability is one of the problems acredited to unfair derivative principle in nigeria, as states were at loggerhead with the federal government, and the financial weakness experienced by most states.
Nigerian states and internally generated revenue logbaby. The states with the poorest internally generated revenue of less than 10% in the south are imo, bayelsa, ekiti, and ebonyi. Examining weak subnational finances in nigerian states chukwuma agu african institute for applied economics,enugu, nigeria abstract one of the most crucial challenges to nigeria s ailing fiscal federalism is the inability of states to raise, retain and manage revenue. Based on the responses elicited by respondents and results. Nigeria has for some time been regarded as a flagship of eiti because of its. Developing internally generated revenue in an era of diversification. The impact of value added tax on revenue generation in nigeria. Most tertiary institutions in nigeria have set up internally generated revenue units to source for funds in order to use in assisting government to finance the institutions. T taxes has contributed most to internally generated revenue thus justifying the. Revenue generation is the nucleus and the path to modern development. Nigeria lies within the tropics with two main vegetation zones.
Nature of the nigerian economy nigeria is one of the largest geographical units in west africa and occupies a land area of 923,768 square kilometers. The revenue generated by lagos alone stands at an impressive n268,224,782,435. Forum savi state accountability and voice initiative sparc state partnership for accountability, responsiveness and capability wb world bank igr internally generated revenue usd united states dollars paye pay as you earn bir board of internal revenue gdp gross domestic product nbs national bureau of statistics. To raise its internally generated revenue, the osun state government on monday announced that butchers in the state would henceforth pay n700 as levy for every cow slaughtered for sale in the. The study is aimed at the appraisal of revenue generation in nigeria. In nigeria oil revenue seems to be the major source of revenue basically because others sources are. Government revenue at all level are generally divided in to two, these are internally generated revenue internal development fund and externally generated revenue external transfers. Developing internally generated revenue in an era of.
At a first glance, the data was not surprising as states in southern nigeria continue to show dominance in terms of economic activity. The more revenue government generate the more expenditure activities would be initiated by the government to utilize the revenue. An assessment of revenue generation drive of lagos state. The study examined the impact of value added tax on the internally generated revenue of lagos state for a 6year period ranging between 2011 and 2016. To raise its internallygenerated revenue, the osun state government on monday announced that butchers in the state would henceforth pay. The purpose of the study was mainly to identify the major sources and utilization of internally generated financial revenue by nigerian university administrators.
Internally generated revenue at state level national bureau of. Modeling internally generated revenue igr of local. Value added tax vat and inflation in nigeria 1990 to 2003. Analysis of internally generated revenue and its implications on fiscal viability of state governments in nigeria. If you continue browsing the site, you agree to the use of cookies on this website. Olusegun banjo, has said that the state government recorded internallygenerated revenue igr of about n103. Problems and prospects of revenue allocation in nigeria.
Narrowing down to the case study, ebonyi state board of internal revenue, abakaliki, ebonyi state was created on 1 st october, 1996 out of existing abia state and enugu state by the president and commander in chief of the armed forces of the federal republic of nigeria, general sani abacha. The national bureau of statistics publishes internally generated revenue at state. Fiscal federalism, governance and internally generated. He said the lagos state internal revenue service lirs generated n247. Mar 24, 2018 nbs data reveals how much nigerian states generated internally in 2017 the national bureau of statistics, nbs in its latest report has revealed how states across nigeria are performing in terms of. Hence, the problem of poor internal generated revenue in most local government in nigeria. State internally generated revenue tables in nigeria. In nigeria oil revenue seems to be the major source of revenue basically because others sources are not adequately harnessed effectively. Apr 30, 2017 posted on april 30, 2017 april 30, 2017 author rejoice ewodage categories local tags, governor abiola ajimobi, igr, internally generated revenue, oyo state leave a comment on oyo. Lagos declares n436 billion internally generated revenue. The national bureau of statistics nbs last week released some interesting data set on the internally generated revenue igr profiles for nigerias 36 states between 2010 and 2012.
Internally generated revenue archives premium times nigeria. National tax policy for nigeria final draft submitted to the federal executive council final draft to federal executive council 6 chapter two. Findings showed that the ratio of vat revenue to gnp averaged 1. Internally generated revenue igr and infrastructural development in akwa ibom state dr. Pdf impact of personal income tax on internally generated. It is on this background that this study tends to examine factors that. Nigeria government revenues 20102019 data 20202022. As illustrated in chapter 2, the dependency of budgets on oil revenues is likely to create pressures al ready in. Olusegun banjo, has said that the state government recorded internally generated revenue igr of about n103. This study assessed the effects of internally generated revenue on infrastructural development in akwa ibom state.
Fiscal federalism, governance and internally generated revenue. However these stats are a useful and worrying guide to each states internally generated revenue igr. Internally generated revenue news latest breaking stories. States go after small businesses to boost internally. Lagos generates more igr than 31 states combined vanguard. This paper discusses financing higher education in nigeria. Project topic on revenue generation in local government areas. Tax incentives for corporate investment are meant to generate. The relationship between revenue diversification and. Nigerias extractive industries transparency initiative eiti. Pdf internally generated revenue igr and infrastructural.
Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about internally generated revenue from nigeria and the world on today. Revenue generation in nigeria has been one of the topical issues in recent times especially with the drastically. The paper leverages on available literatures to revalidate the inevitability of igr as long as the government or other university proprietors fails to provide adequate funding for the universities operating. Although, lagos is one of the states with the highest allocation in nigeria, a major source of lagos state igr is tax from top companies, business owners, citizens and also from investment. Revenue generation in local government areas problems and prospects includes abstract and chapter one, complete project material available revenue generation in local government areas problems and prospects abstract the adverse situation in the various local government areas of nigeria has led the researcher to go into this very. Files a tricycle operator conveying commuters to their destinations. Its impact on government developmental effort a study of selected local council in kogi east senatorial district edogbanya, adejoh. Taxes generate much needed revenue state governors are now committed to increasing their internally generated revenue igr as a way to create a relatively reliable stream of income that will help states finance its needs and withstand some of the fluctuation in the global economy and oil markets. Nbs data reveals how much nigerian states generated. This paper discusses the role of internally generated revenue igr as inevitable alternative funding for higher education in nigeria. The population of the study consisted of all the 102 university administrators from the seventeen federal universities in southern nigeria. Dec 29, 2015 an assessment of revenue generation drive of lagos state government through efficient and effective tax administration and its impact on the citizens 1. May 17, 2017 the dependency of nigerian states on remittances from the federal government is well known.
This research work studied the impact of value added tax on revenue generation in nigeria. An assessment of revenue generation drive of lagos state government through efficient and effective tax administration and its impact on the citizens 1. Get free research paper on evaluation of internally generated revenue and economic growth of kano state from 19992014 project topics and materials in nigeria. May 29, 2017 home news lagos generates more igr than 31 states combined. National tax policy chartered institute of taxation of nigeria. Pdf analysis of internally generated revenue and its. Jan 01, 2005 impact of personal income tax on internally generated revenue performance in oyo state nassar, m. With declining global oil prices putting increasing pressure on states to explore alternative ways to shore up their revenue earnings, only 11 of nigerias 36 states improved their internally. Revenue is the fulcrum of development in any state, for no state can effectively function and carry out its numerous duties to its citizenry without resources in the form of revenue. Nbs data reveals how much nigerian states generated internally in 2017 the national bureau of statistics, nbs in its latest report has revealed how states across nigeria are performing in.
This page provides nigeria government revenues actual values, historical data, forecast, chart, statistics. Macroeconomic outlook and debt sustainability in nigeria. The result would assist policy makers to recognize the sources of any fiscal imbalance that might exist and consequently, direct efforts to developing suitable strategies for a sound fiscal framework. Narrowing down to the case study, ebonyi state board of internal revenue, abakaliki, ebonyi state was created on 1 st october, 1996 out of existing abia state and enugu state by the president and commanderin chief of the armed forces of the federal republic of nigeria, general sani abacha. This shows that lagos state can stand on its own as a country. Taxation has not contributed significantly to the steady growth in gross domestic product in nigeria.
Total tax revenue and total federal government revenue from 1 %4 to 2008. University of nigeria research publications author ukaigwe, grace azubike pgmba9845215 title evolving an ideal revenue sharing formula in nigeria issues, problems and prospects faculty business administration department accountancy date june 2001 signature. Nigerian states by internally generated revenue igr 2015. Internally generated revenue unit in higher institution therefore is to serve as relief to government expenditure. The lagos state commissioner for economic planning and budget, mr. Secondary data were used in this study, the data were collected from cbn statistical bulletin also gathered from journals and textbook that is related to the research topic, the study. Impact of personal income tax on internally generated revenue performance in oyo state nassar, m. It is recommended that university administrators should be more transformative in their leadership style in order to strengthen their revenue base for effectiveness in university management. Lagos generates more igr than 31 states combined vanguard news. Ashade attributed the increase in revenue to the introduction of innovative ideas and continuous public sensitisation efforts of the government on the payment of taxes. State internally generated revenue tables for nigeria slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The paper argues that displacement of agricultural products by oil as the focal point of national revenue, and the attendant relegation of the principle of derivation in. Posted on april 30, 2017 april 30, 2017 author rejoice ewodage categories local tags, governor abiola ajimobi, igr, internally generated revenue, oyo state leave a.