INTERNALLY GENERATED REVENUE AND INFRASTRUCTURAL DEVELOPMENT IN LOCAL GOVERNMENT AREAS OF AKWA IBOM STATE (A CASE STUDY OF SELECT LOCAL GOVERNMENT AREAS OF AKWA IBOM STATE)
TABLE OF CONTENTS
Pages
Title Page – – – – – – – – i
Certification – – – – – – – – ii
Dedication – – – – – – – – iii
Acknowledgements – – – – – – – iv-v
Abstract – – – – – – – – – vi
List of Tables – – – – – – – – vii-viii
Table of Contents – – – – – – – ix-xii
CHAPTER ONE
INTRODUCTION
1.1 Background of the study – – – – – 1-5
1.2 Statement of the problem – – – – 5-6
1.3 Objectives of the study – – – – – 6-7
1.4 Research questions – – – – – – 7
1.5 Statement of hypothesis – – – – – 8
1.6 Significance of the study – – – – – 8
1.7 Scope/limitations of the study – – – – 9
1.8 Organization of the study – – – – 10
1.9 Operational definition – – – – – 10-12
ENDNOTE
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 Introduction – – – – – – – 14
2.2 Conceptual review – – – – – – 14
2.2.1 Concept of revenue and revenue
generation in local governments – – – 14-16
2.2.2 Revenue generation by local government – 16-20
2.2.3 Concept of infrastructural development
in local governments – – – – – 20-22
2.2.4 Concept of local governments – – – 22-23
2.2.5 Functions of local government councils 24-26
2.2.6 Factors hindering the expansion of internally
generated revenue in local government
councils of Akwa Ibom State – – – – 26-32
2.2.7. Strategies for expanding Internally
Generated Revenue (IGR) in local
government councils – – – – – 32-36
2.3 Theoretical review – – – – – – 36
- Agency accounting theory – – – – 36-39
2.3.2 Fiscal federation theory – – – – 39-42
2.3.3 Structural functional theory – – – – 42-43
2.4 Empirical Review – – – – – – 44
2.4.1 Internally generated revenue and
infrastructural development in local
governments – – – – – – 44-50
2.4.2 Factors hindering internally generated
revenue in local governments – – – – 50-53
- Summary of related literature – – – 53
ENDNOTES
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction – – – – – – – 58
3.1.1 Restatement of research questions – – – 58-59
3.1.2 Restatement of hypothesis – – – – 59
3.2 Design of the study – – – – – 59-60
3.3 Area of the study – – – – – – 60
3.4 Population of the study – – – – – 60
3.5 Sample and sampling size – – – – 61
3.6 Sampling techniques – – – – – 61
3.7 Sources of data collection – – – – 62
3.8 Method for data collection – – – – 62
3.9 Instrument for data collection – – – – 62
3.10 Description of variables – – – – – 63
3.11 Model specification – – – – – – 63
3.12 Method of data analysis – – – – – 64
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND
INTERPRETATION
4.1 Introduction – – – – – – – 65
4.2 Data presentation – – – – – – 65-72
4.3 Data analysis – – – – – – – 72
4.3.1 Analysis of research question – – – – 72-75
4.3.2 Test of hypothesis – – – – – – 75-79
4.4 Discussion of major findings – – – – 79
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Introduction – – – – – – – 80
5.2 Findings – – – – – – – – 80-81
5.3 Conclusion – – – – – – – 81
5.4 Recommendations – – – – – – 81-82
References
ABSTRACT
This research work was on “internally generated revenue and infrastructural development in the Local Government areas of Akwa Ibom State. The aim of this paper is to evaluate the relationship between the internally regenerate revenue and the provision of water in the select local government areas of Akwa Ibom State. The population of this study is the entire 31 local governments in Akwa Ibom State. The sample size used in the study is 99 respondents. Panel data was extracted from the local governments Audited financial statement for the period of Ten years (2007-2016). The research instrument for data collection was the questionnaire that contained questions that are related to the respondents to choose the one that agree with their opinion. Pearson Product Moment Correlation Co-efficient (PPMC) was used for data analysis. This study fines a significant relationship between internally generated revenue and the provision of water. Expenditure on water significantly influenced internally generated revenue in the local government areas of Akwa Ibom State. The study therefore recommends that the local governments authorities in Akwa Ibom State should use their resources with high sense of prudence, transparency and accountability in incurring expenditure for the development of various sectors of their local government economic so as to enhance their internally generated revenue. This will reduce dependency on statutory allocation from the federation account.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Internally Generated Revenue (IGR) is the revenue that states and local government generate within the area of its jurisdiction. The sources of internal revenue available to local government includes taxes, fines, fees, licenses earnings and sales, rent on government property, interest and dividend among others. The capacity of a local government to generate revenue internally is a crucial consideration for the creation of a local government. According to Babalola (2009), the provision of public schools, public health centres and public infrastructures requires huge government spending, especially in the modern time. Also, local incur expenditure for the provision of adequate security, fulfill its commercial functions end and administration, but what exist today is that local governments are springing up without giving due consideration to how the local government to be established would be able to sustain themselves. It is important that the local governments work on their internal revenue efforts to be able to accomplish their goals in the local governments.
