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Revenue Generation, Utilization And Grassroots Transformation In Nigeria
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CHAPTER ONE
1.1 INTRODUCTORY STATEMENT
Revenue according to
Buchanan, Flowes (1975:70) is defined as the money generated by the
Government or any public sector to carry out its functions. It is the
amount of income received or total receipts. The main source of
Government revenue generation is through taxes. It therefore has great
impact on revenue base of the nation, state or even the Local Government
Area. The 1976 Local Government Reform goes forth to apply that, which
ever institution or Arm of Government is entrusted with the task of
collection or generation and disbursement of public funds must do so in
absolute respect to the laid down rules and regulations. These Local
Government Reform Guidelines has guaranteed self sustained sources of
revenue to the Local Government and it is captured in the forth schedule
of 1999 constitution and the Joint Tax Board (JTB) harmonization of the
taxes and levies schedule for the three tiers of Government (1997).
Local government as an institution is designed to provide a wide range
of services; citizens and indeed all stakeholders feel that their
achievement of social, economic and political aspirations depends on
their involvement in the affairs of the Local Government.
Consequence
to this, Local Government as preferred by Gorvine (1965), consists of
those institutions of Government which are closed to the people
constitutionally, legally and physically whether the Area is rural or
urban. Although it is can carryout a lot of functions since it is closer
to the people, only what the National or State Government permits.
Local Governments and their Administration are therefore strategic in
the overall macro-economic growth and development of the Nigerian
economy. Even though the National Government in the nature of things
sets limit to Local Government, the functions of macro- economic growth
and development, effectively and positively altering of the socio
political conditions of the people at the grassroots’ are still met as
the result of these third-tier of Government being nearer to the people
of the grassroots’.
It is in recognition of the important role of
local government administration that this project will focused on which
is revenue generation, utilization, grassroots information and
accountability in Uyo Local Government Council of Akwa Ibom State.
1.2 STATEMENT OF THE PROBLEM
The
main purpose of revenue generation from the point of view of any
government organization is to raise funds to provide essential, social
and economic amenities. As money is the life wire of all types of
development, fiscal management which in those operators designed to make
funds available to officials and to cause lawful and efficient use
becomes a problem. The principal fiscal functions connected with the
receipts and disbursement of public funds includes budgeting,
safeguarding and disbursing of funds in line with goals and various
constraints and problems which coupled with failure to comply with
regulation governing the collection, accountability of public funds by
Uyo Local Government Council.
1.3 RESEARCH AIM AND OBJECTIVES
The
Reform Local Government System in Nigeria is relatively new and has
been done to study its lapses and problems in the area of revenue
generation, utilization and accountability. Therefore, objectives of the
study are were as follows;
1. To identify the sources of revenue as approved by the statutes and other Instruments in Uyo Local Government.
2. To Find out how revenue is being generated and controlled in Uyo Local Government Council.
3. To determine the extend to which the generated revenue has been utilized to meet its respective purposes.
4.
To pin-point potential problems limiting effective revenue generation
and accountability and to make recommendations on how to control these
problems.
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ABSRACT - [ Total Page(s): 1 ]Revenue generation in the public sector is very important because of demand for economic development. This study examined Revenue Generation, utilization, grassroots transformation and accountability in Uyo Local Government Council. It employed descriptive and analytical approaches. A total number of forty (40) respondents out of fifty (50) were selected. Data were collected mostly from questionnaire and interview data collected, were analyzed using simple percentage while chi-square statistic w ... Continue reading---
