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Does Internally Generated Revenue (Igr) Have The Potential To Enhance Fiscal Viability Of State Governments In Nigeria?

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  • Kazeem FASOYE

    (Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria)

Abstract

The study examined the determinants of Internally Generated Revenue (IGR) of State governments in Nigeria with a view to examining the potential of independent revenue sources open to this tier of government. A technique of Fully Modified Ordinary Least Squares (FMOLS) was employed and the results revealed that the main determinants of IGR for the States are the PAYE and Road taxes as these two IGR sources appeared to be less affected by the prevalence of corrupt practices in Nigerian public sector. The study concluded that State governments in Nigeria have failed over the years to optimally harness other sources of internal revenue open to them.

Suggested Citation

  • Kazeem FASOYE, 2020. "Does Internally Generated Revenue (Igr) Have The Potential To Enhance Fiscal Viability Of State Governments In Nigeria?," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 5(3), pages 40-49, March.
    • Handle: RePEc:nap:nijefr:2020:p:40-49
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    References listed on IDEAS

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    1. Peter C. B. Phillips & Bruce E. Hansen, 1990. "Statistical Inference in Instrumental Variables Regression with I(1) Processes," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(1), pages 99-125.
    2. Abiola G. Asimiyu & Ehigiamusoe Uyi Kizito, 2014. "Analysis of Internally Generated Revenue and Its Implications on Fiscal Viability of State Governments in Nigeria," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 2(4), pages 216-228.
    3. Moses Atakpa & Stephen Ocheni & Basil C. Nwankwo, 2012. "Analysis of options for Maximizing Local Government internally generated Revenue in Nigeria," International Journal of Learning and Development, Macrothink Institute, vol. 2(5), pages 94-104, October.
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