Evaluation of Landbased Revenue and Internally Generated Revenue in Enugu State Nigeria

Nwafor Ifeanyichukwu Valentine and Egolum Charles Chukwuweike
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Nwafor Ifeanyichukwu Valentine: Department of Estate Management, Nnamdi Azikiwe University, Awka, Nigeria
Egolum Charles Chukwuweike: Department of Estate Management, Nnamdi Azikiwe University, Awka, Nigeria

International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 09, 452-459

Abstract: Annual budget of government contains all necessary expectations and activities earmarked for the year and some of these expectations fall short of the original design. This study investigated the extent of difference between projected recurrent revenue and the actuals from 2006 to 2019. Contribution of land-based revenue to the internally generated revenue and the growth of land-based revenue and internally generated revenue. The purpose is to evaluate the state performance in economic planning and revenue generation. Data sourced from the annual report of Enugu state accountant general was used. With the use of descriptive statistics is was discovered that the state land-based revenue estimates failed within the entire period to realize what was projected except in 2010 and the performance of her internally generated revenue was very poor. Average contribution of land based revenue to the internally generated revenue was 9% and the growth rate of land based revenue and internally generated revenue are 4.92% and -41% respectively. The study recommended a modernized revenue generation system and strategy for the state and evidenced based internally generated revenue determination approach.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:5:y:2021:i:09:p:452-459

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