ABSTRACT
This project work examines the fundamental problems that envelop the sources and pattern of Edo State Government revenue since 1999 till date, and discovered that the challenges are constitutional issues. It is also identify problems of poor revenue generation by state authorities and poor allocation cum fiscal transfer to state government. Beside, the paper identifies erosion of fiscal autonomy and failure of state government to be responsible for their inability to impact positively on the citizenry. Primarily, information was sourced through the interview of selected State Government officials of Edo State origin, while secondary data was collected through the instrumentality of officials, publications, record of political association, relevant group, journals as well as Edo State office of the auditor general. Hence, was discovered data upon the various revenue accruing to State Government in recent times, the fund has not been expanded for the purpose they are meant for.
TABLE OF CONTENT
CHAPTER ONE
Introduction
1.0 Background to the study
1.1 Statement of the problem
1.2 Objectives of the study
1.3 Relevance of the study
1.4 Research Hypothesis
1.5 Delimitation of the study
1.6 limitation of the study
CHAPTER TWO
Literature Review
2.1 Definition of revenue
2.2 Strategy of revenue generation
2.3 Means of government revenue
2.3.1 Source of revenue to Federal Government
2.3.2 Revenue sources to Edo State Government
2.4 Budget concept
CHAPTER THREE
Research Methodology
3.1 Historical background of Edo State
3.2 Model specification
3.3 Data collection
3.4 Sampling and sampling frame
3.5 Method of data analysis
CHAPTER FOUR
Data presentation and analysis
4.1 Introduction
4.2 Test of hypotheses
CHAPTER FIVE
Summary, Conclusion and Recommendation
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation
BIBLIOGRAPHY
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
There is no country or state that can adequately attend issue of development without having in place adequate and sustainable revenue sources for the activities of government. It is becoming extremely difficult for the government to execute developmental agenda without measures in place to guarantee revenue to finance the project and programs. Oshiomole, (2011) stressed further that the issues of adequate revenue is essential for the sustainability of the state especially in the face of the recent global economic meltdown. The government all over the world depend on contributions of citizens inform of levies and taxes to administer and run the state or sovereignty. The increasing cost of running government coupled with dwindling revenue had left various state governments in Nigeria with no option but to formulate strategies to improve the revenue base. The serious decline in the price of oil in recent years has led to a decrease in the funds available for distribution to the states in Nigeria. The need for state government to generate adequate revenue from the internal sources has therefore become a matter of extreme urgency and importance. The revenue base of the state government must be geared toward making the state government virile, self sustaining and to a large extent less dependent, financially on the statutory allocation from the federation account. However the experience of the last few years in Edo state, indicates that financial independent of the state government has been rather elusive because of political embroiled economic instability and worsening social condition. It is against this background that the subject of revenue generation in Edo State has gained prominence. It has also been observed that a dominant features of the revenue profile of Edo state before the advent of the current administration was dependent on statutory allocation from the federation account. The current administration in Edo state argued that the shock from the international market had drastically reduced the accruing revenue from the federation account so much so that it was near suffocation at the inception of this administration (Edo light, October-November 2010). It was therefore imperative that other sources other than FAAC must emerge if the state will not go under. Measures introduced were the total overhaul of the I G R collections machineries of the state government to increase its revenue base, sensitization and public enlightenment, review of existing tax law, penalties/sanctions for evasion and avoidance.