THE EFFECT OF INTERNALLY GENERATED REVENUE ON ECONOMIC GROWTH OF LAGOS STATE (2010-2014)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
STATEMENT OF THE PROBLEM
The state government is faced with myriads of problems ranging from corruption and embezzlement, poor financing, mismanagement of funds to poor leadership. This has deterred the development of state government in Nigeria. The major issues are; what has contributed to the non-performance; is it because of total dependence on federal statutory allocation? Is it as a result of poor internally generated revenue drive? Is it because of ineffective utilization of available scarce resources or mismanagement by public office holder? Among others, state government has always been over dependent on the statutory allocation thereby causing the state government to underperform which includes;
- Dilapidated infrastructural facilities
- Unavailability of social services to rural populace.
- Underdevelopment of local communities.
Based on the above stated problems, it has become necessary to conduct an analysis on revenue generation in Lagos State.
1.3 OBJECTIVE OF THE STUDY
The broad objective of this research is to evaluate the effect of internally generated revenue on the economic growth of Lagos State.
The specific objectives are;
- To examine the relationship between internally generated revenue and economic growth in Lagos State.
- To ascertain the extent which value added tax has contributed to government developmental effort.
- To evaluate the extent to which internally generated revenue has contributed to the economic growth in Lagos State and it various sources.
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