Fiscal federalism, governance and internally generated revenue. Get free research paper on evaluation of internally generated revenue and economic growth of kano state from 19992014 project topics and materials in nigeria. Olusegun banjo, has said that the state government recorded internally generated revenue igr of about n103. With the lingering economic struggles, there have been renewed calls for the nigerian government to diversify the economy away from the oil and gas sector. Inspite of the recession, the state is still flourishing. The purpose of the study was mainly to identify the major sources and utilization of internally generated financial revenue by nigerian university administrators. Data for this work are monthly internally generated revenue collected from the budget, planning, research and statistics bprs department of the local government from 1998 to 2012. The study established that vat is a consumption tax on economic operations including imports. Since then, oil has constituted the bulk of public generated revenue, export earnings and. This webapp provides a simple way to merge pdf files. Internally generated revenue unit in higher institution therefore is to serve. Nigeria government revenues 20102019 data 20202022. This free online tool allows to combine multiple pdf or image files into a single pdf document.
Revenue generation involves the gathering of resources for the benefit of the society revenue generation in nigeria faces with so many challenges. At a first glance, the data was not surprising as states in southern nigeria continue to. Findings showed that the ratio of vat revenue to gnp averaged 1. Developing internally generated revenue in an era of diversification. Looking at the composition of igr at state level is higher than that of local government level. The average percentages of internally generated revenue in relation to the federal allocation were between 59 percent for most nonoil producing states in the recent past. Annual summary of tax revenue collected in nigeria from 2000 2014 source. Addressing revenue leakages in nigeria eme, okechukwu innocent chukwurah, daniel c. The nigeria customs service on thursday recorded its highest revenue collection ever with a total generated revenue of n1.
If you continue browsing the site, you agree to the use of cookies on this website. The national bureau of statistics, nbs in its latest report has revealed how states across nigeria are performing in terms of internally generated revenue, igr. A free and open source software to merge, split, rotate and extract pages from pdf files. Statistics have shown that the amount of tax revenue generated over the years from the selfemployed people is below expectations. Pdf impact of personal income tax on internally generated.
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. Pointing to the sharp drop in the price of crude oil by over 50 per cent in under four months, president umaru musa yar\adua recently approached an international conference organised by the joint tax board for meaningful ideas on how to transform the economy so as to make the three tiers of. It is a unique field in the nigeria legal system, and. Jan 01, 2005 impact of personal income tax on internally generated revenue performance in oyo state nassar, m. Fiscal federalism, governance and internally generated. An overview of mergers and acquisitions under nigerian law omotayo akinrinwa abstract this essay seeks to explore the legal framework governing the operation or activities of mergers and acquisitions in nigeria. Internally generated revenue archives the guardian nigeria. Revenue and expenditure profiles in nigeria the characteristics of the total government revenues and expenditures in nigeria are examined to support the econometric analysis in this work. Modeling internally generated revenue igr of local. This push by the nigeria governors forum to increase internally generated revenue is a step in the right direction towards financial autonomy for states, and possibly, true federalism. The relationship between revenue diversification and. This paper considers the time series modeling of internally generated revenue of ikot ekpene local government area of akwa ibom state in nigeria. This study assessed the effects of internally generated revenue on infrastructural development in akwa ibom state.
However these stats are a useful and worrying guide to each states internally generated revenue igr. 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 prospectsabstractthe adverse situation in the various local government areas of nigeria has led the researcher to go into this very topic. The lagos state commissioner for economic planning and budget, mr. By using adblocking software, youre depriving this site of revenue that is needed to keep it free and current. Some of the measures noted include application of technology in revenue generation, formulation of igr strategies, strengthening of the boards of internal revenue, improvement in remittance infrastructures and better stakeholder engagement, revamping of. State internally generated revenue tables for nigeria slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Lagos declares n436 billion internally generated revenue. Generation of tax revenue in the nigeria private sector. 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. This is approved for students in accountancy business computer science economics engineering arts. Create and merge pdfs with pdfcreator and let pdf architect help you edit pdfs, insert images to pdfs, extract text from images and more.
Statistics show that twothirds of businesses operating in nigeria and other developing economies are informal mainly. Relevance of tax revenue resources to infrastructural. Olusegun banjo, has said that the state government recorded internallygenerated revenue igr of about n103. 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. To examine the relationship between value added tax and revenue generation in nigeria to establish the effects of value added tax on revenue generation in nigeria 1. Dec 21, 2017 the nigeria customs service on thursday recorded its highest revenue collection ever with a total generated revenue of n1. 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. Imo is a hub for business and there is no better place to invest now in nigeria than imo state. The dependency of nigerian states on remittances from the federal government is well known. 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.
Nov 29, 2016 so, today i will consider the top richest state in nigeria 2016 based on the internally generated revenue igr of each state. This is the latest report by the nigeria bureau of statistics on the amount of internally generated revenue igr by nigerian states for the 2015 fiscal economic year. Developing internally generated revenue in an era of. You can either select the files you want to merge from you computer or drop them on the app using drag. 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.
The general objective of this study is to examine the impacts of value added tax on revenue generation in nigeria. Pdf analysis of internally generated revenue and its. Optimising internally generated revenue in nigeria 2 2 e run. Only time will tell, however, if many states will take the adequate steps to create a transparent and efficient tax stystem that will be deemed legiimate by. Internally generated revenue of nigerian states trends. Nbs data reveals how much nigerian states generated. The 20182020 mediumterm expenditure framework mtef and the fiscal strategy paper fsp that the federal government of nigeria fgn released on 20 october, 2017 will focus on some areas which we think are critical in raising the revenue generating capacity of the nigerian economy. The population of the study consisted of all the 102 university administrators from the seventeen federal universities in southern nigeria. Other poor internal revenue earners are gombe which generated n2. Impact of personal income tax on internally generated revenue performance in oyo state nassar, m.
Nigeria using a disaggregated framework to account for the different sources of revenue in nigeria. The average percentages of internally generated revenue in relation to the federal allocation were between 59 percent for. At a first glance, the data was not surprising as states in southern nigeria continue to show dominance in terms of economic activity. Jun 07, 2015 state internally generated revenue tables for nigeria slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Internally generated revenue igr and effectiveness of. An overview of mergers and acquisitions under nigerian. Further, 3 increasing igr in a way that does not increase poverty depends on the instruments used and the specific economic conditions in a given state. States go after small businesses to boost internally. Nigeria customs generate n1 trillion revenue in 2017 today.
Analysis of internally generated revenue and its implications on fiscal viability of state governments in nigeria. Lagos generates more igr than 31 states combined vanguard. Lagos state retains its number one position in igr with a total revenue generation of n268. Abstract local government is faced with varieties of difficulties to source adequate revenue from federal government, state government and internally generated. Lagos generates more igr than 31 states combined vanguard news. All the files you upload, as well as the file generated on our server. Nigerias richest state in 2016 by internallygenerated revenue.
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. Total tax revenue and total federal government revenue from 1 %4 to 2008. Internally generated revenues igr are revenues generated by states within the nigerian federation, independent of their share of revenue from the federation account. Taxation only works if it is implemented in step with visible service delivery and development. 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 assess the impact of taxation on revenue generation by the federal government of nigeria and by some selected states in nigeria from 20022011. State internally generated revenue tables in nigeria. Its impact on government developmental effort a study of selected local council in kogi east senatorial district edogbanya, adejoh. 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. Nigerian states and internally generated revenue logbaby.
It is a unique field in the nigeria legal system, and this is connected to the limited expertise in this area. Data sourced from the annual reports of central bank of nigeria for the same period were used. Lagos state generates more igr than 32 states combined. May 29, 2017 other poor internal revenue earners are gombe which generated n2. Some of the measures noted include application of technology in revenue generation, formulation of igr strategies, strengthening of the boards of internal revenue, improvement in remittance infrastructures and better stakeholder engagement, revamping of revenue. The prevalence of tax evasion and avoidance especially among the selfemployed people has made some state governments to engage the services of tax contractors in order to generate the muchneeded revenue. He said the lagos state internal revenue service lirs generated n247.
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 effect of internal revenue generation on infrastructural. So, today i will consider the top richest state in nigeria 2016 based on the internally generated revenue igr of each state. States go after small businesses to boost internally generated revenue. This study undertook a comparative analysis of internally generated revenue igr in. Nigeria lies within the tropics with two main vegetation zones. This paper discusses the role of internally generated revenue igr as inevitable alternative funding for higher education in nigeria. The federal government has disbursed the sum of n43,416,000,000. This nigerian state also has been listed among the highest revenue generating states with n15,663,514,824. May 17, 2017 the dependency of nigerian states on remittances from the federal government is well known.
Addressing the problem of weak revenue generation in nigeria. Revenue generation is the nucleus and the path to modern development. The exportation of oil in from the first quarter of the 70s shifted the revenue base in favour of oil odusola, 2006, iyoha, 2003. Pdf internally generated revenue igr and infrastructural. Nigerian states by internally generated revenue igr 2015. 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 prospectsabstractthe adverse situation in the various local government areas of nigeria has led the researcher to go into this very. 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. 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. Project topic on revenue generation in local government areas. This paper examines how internally generated revenue igr is being used to finance tertiary institutions in nigeria. The state was followed by imo, whose igr in 2014 dropped by 48.
Internally generated revenue archives premium times nigeria. Internally generated revenue news latest breaking stories. Again, its me scholes0, your nairaland statistician general state rank. While external revenue is revenue generated from outside the state, igr is the revenue that state governments generate within the areas of their. Merger and acquisition is at its infancy stage in nigeria compared with other developed countries.
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