Revenue Generation In Nigeria Local Government
This is because local government as the third tier of government.
Revenue generation in nigeria local government. A case study of ekiti state destiny chiagozie abstract. A review of revenue generation in nigeria local government. Revenue generation is the nucleus and the path to modern development. Government revenues in nigeria decreased to 864 88 ngn billion in the first quarter of 2020 from 1418 87 ngn billion in the fourth quarter of 2019.
When the local government. Government revenues in nigeria averaged 873 38 ngn billion from 2010 until 2020 reaching an all time high of 1418 87 ngn billion in the fourth quarter of 2019 and a record low of 498 54 ngn billion in the second quarter of 2015. Thus there is problem of accountability and mis management of the abundance of human and material resources of the local government. Revenue generation of local government in nigeria is principally derived from the statutory allocation a direct share of the local government from the federation account and tax a compulsory levy imposed by government on individuals and cooperate bodies for the various legitimate functions of the state.
Meanwhile tax is a necessary ingredient for civilization. Local government revenue generation tax is a compulsory levy imposed by government on individuals and companies for the various legitimate function of the state olaoye 2008. Hence the sources. Major sources of government revenue in nigeria.
If you ve gone through our detailed article where we discussed the relationship between the three levels of government in nigeria you ll have a clue on how things work. In a federal system like nigeria local governments are close to the people and hence could effectively alter socioeconomic and political conditions within their jurisdictions. To investigate the extent to which tax revenue is utilized in the local government in nigeria. The size of the local government area.
The increasing cost of running government coupled with dwindling revenue has left various local governments in nigeria with formulating strategies to improve the revenue base. There are 3 levels of government in nigeria. Despite the numerous sources of revenue available to the various tiers of government as specified in the nigeria 1999 constitution since the 1970s till now over 80 of. Improved revenue generation in local governments 1 0 introduction local governments operate at the grassroots and are expected to provide services to their stakeholders.
Revenue generation in nigeria local governments is principally derived from tax. 1 3 objectives of the study. To identify the challenges bedeviling revenue generation for development of local government in nigeria. Consequently this research study set out to examine the effect of revenue generation in local government with uyo local government as the study focus.