ABSTRACT
This project work examines the fundamental problems that envelop
the sources and pattern of Edo State Government revenue since 1999 till date,
and discovered that the challenges are constitutional issues. It is also
identify problems of poor revenue generation by state authorities and poor
allocation cum fiscal transfer to state government. Beside, the paper identifies
erosion of fiscal autonomy and failure of state government to be responsible
for their inability to impact positively on the citizenry. Primarily,
information was sourced through the interview of selected State Government
officials of Edo State origin, while secondary data was collected through the
instrumentality of officials, publications, record of political association,
relevant group, journals as well as Edo State office of the auditor general.
Hence, was discovered data upon the various revenue accruing to State
Government in recent times, the fund has not been expanded for the purpose they
are meant for.
TABLE OF CONTENT
CHAPTER
ONE
Introduction
1.0
Background to the study
1.1
Statement of the problem
1.2
Objectives of the study
1.3
Relevance of the study
1.4
Research Hypothesis
1.5
Delimitation of the study
1.6
limitation of the study
CHAPTER TWO
Literature Review
2.1
Definition of revenue
2.2
Strategy of revenue generation
2.3
Means of government revenue
2.3.1 Source of revenue
to Federal Government
2.3.2 Revenue sources to
Edo State
Government
2.4
Budget concept
CHAPTER THREE
Research Methodology
3.1
Historical background of Edo
State
3.2
Model specification
3.3
Data collection
3.4
Sampling and sampling frame
3.5
Method of data analysis
CHAPTER
FOUR
Data presentation and analysis
4.1
Introduction
4.2
Test of hypotheses
CHAPTER FIVE
Summary, Conclusion and
Recommendation
5.1
Summary of findings
5.2
Conclusion
5.3
Recommendation
BIBLIOGRAPHY
CHAPTER ONE
1.0
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
There is no country or state that can adequately attend issue of development
without having in place adequate and sustainable revenue sources for the
activities of government. It is becoming extremely difficult for the government
to execute developmental agenda without measures in place to guarantee revenue
to finance the project and programs. Oshiomole, (2011) stressed further that
the issues of adequate revenue is essential for the sustainability of the state
especially in the face of the recent global economic meltdown. The government
all over the world depend on contributions of citizens inform of levies and
taxes to administer and run the state or sovereignty. The increasing cost of
running government coupled with dwindling revenue had left various state
governments in Nigeria with no option but to formulate strategies to improve
the revenue base. The serious decline in the price of oil in recent years has
led to a decrease in the funds available for distribution to the states in
Nigeria. The need for state government to generate adequate revenue from the
internal sources has therefore become a matter of extreme urgency and
importance. The revenue base of the state government must be geared toward
making the state government virile, self sustaining and to a large extent less
dependent, financially on the statutory allocation from the federation account.
However the experience of the last few years in Edo state, indicates that
financial independent of the state government has been rather elusive because
of political embroiled economic instability and worsening social condition. It
is against this background that the subject of revenue generation in Edo State
has gained prominence. It has also been observed that a dominant features of
the revenue profile of Edo state before the advent of the current administration
was dependent on statutory allocation from the federation account. The current
administration in Edo state argued that the shock from the international market
had drastically reduced the accruing revenue from the federation account so
much so that it was near suffocation at the inception of this administration
(Edo light, October-November 2010). It was therefore imperative that other
sources other than FAAC must emerge if the state will not go under. Measures
introduced were the total overhaul of the I G R collections machineries of the
state government to increase its revenue base, sensitization and public
enlightenment, review of existing tax law, penalties/sanctions for evasion and
avoidance.
1.2
STATEMENT OF THE PROBLEM
For any state government to
excel in its primary function of providing essential services to the people of
her state, there is no doubt that she needs a sustainable revenue generation.
However, the performance of many state governments in Nigeria income generation
is far below expectation since the advent of democracy. Observation across Edo
state since 1999 shows that the state government has not really lived up to
expectation in providing social and essential services to the people. Linked to
this is the internal revenue generation of the state government which is not
properly coordinated. It is for this reason that this research is being
proposed or designed to address the following research questions.
·
What are the sources of revenue of Edo state government since 1999 till date?
·
Is the revenue generation poor?
· Why is the revenue generation in
Edo state poor since 1999?
·
How can the revenue generation be improved?
1.3
OBJECTIVES OF THE STUDY
General Objective:
The general objective of the study is to review the sources and pattern of Edo
state government revenue since 1999 to 2010.
Special Objectives:
To meet the general objective,
the study will focus on the following specific objectives:
(i)
To examine the sources of generating incomes by each administration in
Edo state since 1999 to 2010
(ii)
To ascertain if the revenue generation is poor
(iii) To
identify the causes of poor revenue generation in each administration in Edo
state since 1999 to 2010
(iii)
To ascertain efforts being made by the current administration
toward
boosting her income generation.
1.4 RELEVANCE OF THE STUDY
The result of the study
will be of benefit to:
1.
The state Government: This study will provide the basis for state government to
develop various ways of improving their I G R and depend less on F A. A.
C. This will enable every state government to meet the demands of providing the
necessary social basic amenities to the people and enable them to perform its
primary function of providing essential services more effectively
2.
The local Government: This study will help local government in Nigeria to
improve their internally generated revenue. There are also a lot of benefits
enjoyed by the people under the local Government level
- Provision of clean water to
the people in the locality
- Construction of good roads
for easy movement of goods and services
- Provision of a
well-equipped health centre in the community to reduce the death rate of the
people
- Provision of free education
in the community to reduce the level of illiteracy in the community
- Stability of electricity in
the community
1.5
RESEARCH HYPOTHESIS
A hypothesis is a theoretical
conceptualization of an idea or quest regarding how researcher thinks the
result of his study will look.
It consists of a set of
assumptions accepted previously as a base of investigation. It is a proposition
that is yet to be tested for its validity.
For the purpose of this
research study, the research work is going to make use of null hypotheses (Ho)
and alternative hypotheses (H1)
HYPOTHESES 1
H0: Edo state government is not generating its expected
revenue.
H1: Edo state government is generating its expected
revenue
HYPOTHESES 2
H0: Edo state government revenue is poor
H1: Edo state government revenue is not poor
HYPOTHESES 3
H0: Edo state government has not utilized her collected
revenue since 1999
H1: Edo state government has utilized her collected
revenue since 1999
HYPOTHESES 4
H0: Edo state government is not utilizing its revenue
effectively.
H1: Edo state is utilizing its revenue effectively
1.6
SCOPE OF THE STUDY
The investigation is only
concerned with the sources and pattern of revenue generation of Edo state
government since 1999 to 2010.
Department | Education |
Project ID Code | EDU0166 |
Chapters | 5 Chapters |
No of Pages | 60 pages |
Methodology | Null |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2349067372103 |
Contact Us On | +2349094562208 |
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