Background of the Study
Internally Generated Revenue (IGR) is a critical source of funding for local governments, enabling them to finance developmental projects and deliver essential services. Governmental accounting practices ensure proper management of IGR by promoting transparency, accountability, and efficiency in revenue collection and utilization. In Toto Local Government Area (LGA), Nasarawa State, maximizing IGR has been a persistent challenge due to weak financial management systems, corruption, and tax evasion. This study explores how governmental accounting practices affect IGR and identifies strategies to enhance revenue generation in Toto LGA.
Statement of the Problem
Toto LGA faces significant challenges in generating and managing IGR, resulting in limited resources for developmental projects and public services. Weak governmental accounting practices, such as poor record-keeping and lack of transparency, contribute to revenue shortfalls. This study investigates the role of governmental accounting practices in addressing these issues and improving IGR in Toto LGA.
Aim and Objectives of the Study
1. To examine the role of governmental accounting practices in improving IGR in Toto LGA.
2. To identify challenges affecting the implementation of effective accounting practices in IGR management.
3. To recommend strategies for enhancing IGR through improved governmental accounting practices.
Research Questions
1. How do governmental accounting practices improve IGR in Toto LGA?
2. What challenges affect the implementation of effective accounting practices in IGR management?
3. What strategies can enhance IGR through improved accounting practices?
Research Hypotheses
1. H₀: Governmental accounting practices do not significantly improve IGR in Toto LGA.
2. H₀: Challenges in accounting practices do not significantly affect IGR management in Toto LGA.
3. H₀: Improved accounting practices do not significantly enhance IGR in Toto LGA.
Significance of the Study
This study provides insights for policymakers and local government officials to strengthen IGR management through improved accounting practices, contributing to sustainable development in Toto LGA.
Scope and Limitation of the Study
The study focuses on governmental accounting practices and their impact on IGR in Toto LGA. Limitations may include data access constraints and the reluctance of stakeholders to provide detailed information.
Definition of Terms
• Internally Generated Revenue (IGR): Revenue generated within a local government area through taxes, fees, and other sources.
• Governmental Accounting Practices: Financial management practices used by public sector entities to ensure accountability.
• Efficiency: The effective use of resources to achieve desired outcomes.
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