Record Details

Revenue Mobilization and Investment on Infrastructure of Local Governments in Nigeria

American International Journal of Economics and Finance Research

View Archive Info
 
 
Field Value
 
ISSN 2642-2875
2642-2867
 
Authentication Code dc
 
Title Statement Revenue Mobilization and Investment on Infrastructure of Local Governments in Nigeria
 
Added Entry - Uncontrolled Name Captain, Briggs Alasin
Ogbonna, G. N.
Department of Accountancy, University of Port Harcourt, Rivers State, Nigeria
Department of Accountancy, University of Port Harcourt, Rivers State, Nigeria
 
Summary, etc. This thesis examined the effects of revenue mobilization and investment of local governments in Nigeria. Secondary data were collected from Central Bank of Nigeria Statistical Bulletin. The dependent variables were proxy by value of basic amenities and value of infrastructural development. The independent variables were proxy by federal government allocation, state government allocation, value added tax, internally generated revenue and grants. Descriptive statistics and multiple regressions were used to examine dynamic long run relationship that exists between revenue mobilization and local government development. Ordinary Least Square (OLS), Augmented Dickey Fuller Test, Johansen Co-integration test, normalized co-integrating equations, parsimonious vector error correction model and pair-wise causality tests were used.  The estimated model  revealed that value added tax, state allocation, grants and federal allocation have positive effect on value of infrastructural development while internationally generated revenue have negative effect on infrastructural development. The unit root result (ADF) showed that the variables were stationary at the first difference of Order 1 (1). The co-integration tests revealed a long run dynamic relationship between the dependent and independent variables in the models. The parsimonious model summary shows that revenue mobilization explains positive and significant relationship between the revenue and development of local government. However, the direction of causality between revenue and development is mixed indicating uni and bi-directional causality. The study concluded that local government revenue has significant effect on infrastructural investment   of Nigeria local governments. Its recommends policies should be directed toward effective utilization of revenue and local government finance should manage in line with international best practices.  
 
Publication, Distribution, Etc. American Center of Science and Education
 
Electronic Location and Access application/pdf
http://www.acseusa.org/journal/index.php/aijefr/article/view/62
 
Data Source Entry American International Journal of Economics and Finance Research; Vol 1 No 1 (2019)
 
Language Note eng
 
Terms Governing Use and Reproduction Note ##submission.copyrightStatement##