Lagos declares n436 billion internally generated revenue. Revenue 36 states, fct generated in first half of 2019. Pdf challenges of expanding internally generated revenue in. Tax compliance barriers and internally generated revenue. The national bureau of statistics nbs, says in the first half of 2019, the 36 states the federation and the federal capital territory fct, generated n691. 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. An assessment of internally generated revenue on local. An accurate understanding of revenue generation also affects how a company is run. It should also fight corruption by punishing any staff found guilty of corruption and in addition to employing competent staff who can handle the office effectively. 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. Revenue introduction this chapter explains the concept of revenue as it is used in the government finance statistics. The internally generated revenue of lagos state has increased from n201.
Pdf the impact of internally generated revenue on economic. Standard by deloitte february 21, 2017 no comments internally generated revenues igr are revenues generated by states within the nigerian federation, independent of their share of revenue from the federation account. Part two sought information on the major sources of internally generated revenue. Pdf internally generated revenue igr and infrastructural. Its impact on government developmental effort a study of selected local council in kogi east senatorial district edogbanya, adejoh. He said the lagos state internal revenue service lirs generated n247. Which physicians generate the most revenue for hospitals. Neglect of many revenue sources, especially those at mdas. The number of employees, company supplies and physical assets affect how much revenue the business generates. There are several ways by which government raises its revenue for the purpose of meeting its expenditure one of which is the process of taxation. Enhancing internally generated revenue igr through property rating.
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. Developing internally generated revenue in an era of diversification. This chapter also contains the complete definition of revenue categories used in the. Fiscal federalism, governance and internally generated. 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 local governments are therefore in a situation where they depend almost entirely on the federal and state governments for funds. Part one was used to gather the demographic data on the respondents. Monies collected by a government through imposition of levies and taxes on facilities, incomes, sale of goods and services, transfers of properties, and other domestic transactions, as opposed to monies collected from duties imposed on imports and other international transactions. The first need of a modern government is revenue which is indeed the breath of its nostrils mephee, 1962. Revenue generation plan executive summary revised oct. To find out if lack of financial autonomy constitutes a problem to internally generated revenue in njikoka local government. Pdf the study investigated the impact of internally generated revenue igr on economic development of nigeria. Internally generated revenues igr are those sources of government finance generated majorly by the federal, states and local councils, which help in. To proffer solution to the problem of poor internal revenue generation.
However, internally generated revenue which is a stable revenue source has been neglected due to overdependence on statutory allocation from the federation account. Apr 30, 2017 the bayelsa state government is exploring means of increasing its internally generated revenue igr to make up for the low allocation it gets from the federal government. A negative and significant relationship between internally generated revenue and amount spent on. This is used as a performance measure with analysts, investors and other. Key words taxation, revenue generation, small and medium enterprises, tax monitoring, tax data base, tax education, internally generated revenue igr. Thus, this study assessed the effect of internal revenue generation on infrastructural development. May 17, 2017 the dependency of nigerian states on remittances from the federal government is well known. The states internally generated revenue stats for the year. Internally generated revenue archives premium times nigeria. Revenue generation and local government administration in. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The instrument used for the study was a structured questionnaire titled internally generated revenue management questionnaire igrmq. The internally generated revenue igr has taken the second position in sources of revenue when ni geria put heavy reliance on oil. The impact of internally generated revenue on economic development in nigeria.
Internally generated revenue at state level national bureau of. Infrastructural in public universities in ondo state in the. The increasing emphasis on internally generated revenue igr, especially with the dwindling oil revenue and increasing cost of governance, has resulted in aggressive search for igr by states and. The effect of internal revenue generation on infrastructural. Based on the responses elicited by respondents and results. Additionally, avoidance of tax by the private sectors and rich individuals raises a fundamental challenge to revenue generation and local government administration in nigeria. Internally, generated, revenue, local, government, administration. The kaduna state internal revenue service kdirs says the state has generated over n44 billion as internally generated revenue igr in 2019. Enhancing internally generated revenue science arena.
This is because the state as the second tier of government needs revenue to provide basic social amenities to the people. Weak structural, institutional, legal and personnel commitment. Consumer ar app market revenue worldwide 20162022 statista. This obvious challenge is what this study is set to investigate. The research methodology entailed the use of survey research design and purposive sampling method to select respondents from lagos state inland revenue office. Fiscal federalism, governance and internally generated revenue. Internally generated revenue igr and effectiveness of.
Poor staffing or poor training for updating knowledge on assessment and collection. Many states and local governments depend on monthly statutorily. 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. The study concluded that in order to improve the system of revenue generation, there is the need to involve various stakeholders in the budgetary process of identifying the revenue sources, whiles using efficient collection systems. Get free research paper on effect of internally generated revenue on economic growth of lagos state 2010 2014 project topics and materials in nigeria. Melissa block talks with wired magazine senior writer steven levy about how. Nbs data reveals how much nigerian states generated. Internally generated revenue igr and infrastructural. The inability of states and local governments in nigeria to generate enough revenue to cope. Feb 19, 2020 the statistic shows the revenue from consumer standalone and embedded augmented reality mobile applications worldwide from 2016 to 2022. Pdf on oct 17, 2018, michael oseni and others published internally generated revenue igr in nigeria. Before calculating the net income of a company, the aforementioned expenses need to be subtracted from the revenue generated from sales.
Developing internally generated revenue in an era of. The something thats received is revenue, usually money. However these stats are a useful and worrying guide to each states internally generated revenue igr. Feb 01, 2018 generating revenue means you the revenue generator is receiving an amount of something in exchange for delivering a product or providing a service. To determine what accounts for the inability of revenue collectors to collect internally generated revenue in njikoka local government. This includes the concepts of governmental revenue, revenue transactions between governments, and funds of the same government. Under capacity utilization of some revenue sources. Tax is paid where you live, not where you work asaba airport.
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. Project topic on revenue generation in local government areas. The impact of internally generated revenue on economic. Jul 03, 2017 the states internally generated revenue stats for the year 2016 the new data released by the national bureau of statistics has revealed the performance of states with regards to how much internally generated revenue was collected by the states for the period of 2016. Revenue generation is the nucleus and the path to modern development. Pdf analysis of internally generated revenue and its implications. This study assessed the effects of internally generated revenue on infrastructural development in akwa ibom state. Pdf enhancing internally generated revenue igr through. Furthermore, the inability of state government to pay ten per cent 10% of its internally generated revenue to councils as statutorily required, coupled with. Delta state board of internal revenue official website. This is approved for students in accountancy business computer science economics engineering arts.