Quarry business and internally generated revenue in Ebonyi state

Hyginus Emeka Nwosu, Benedette Nneka Okezie and Robert Azu Nnachi

African Journal of Accounting, Auditing and Finance, 2020, vol. 7, issue 2, 105-125

Abstract: The study explored the effect of quarrying business on internally generated revenue in Ebonyi state. Primary and secondary sources of data were employed. Structured questionnaire, the central bank accounts and reports, National Bureau of Statistics, and published reports of the companies studied were major instruments used. Descriptive statistics, regression model, and t-test were adopted for data analysis and hypotheses testing. The study made the following findings: that a unit change in profitability of quarry business would result to significant increase in the internally generated revenue; that a unit increase in mining and quarrying would result to significant increase in internally generated revenue; that there is a significant positive relationship between access to capital and survival of quarry businesses. In view of the above findings, the study concludes that quarry business has significant positive relationship with internally generated revenue of Ebonyi state. The study therefore recommends among others that Ebonyi state government should put a strategy in motion to increase the revenue especially from quarry business.

Keywords: quarry business; internally generated revenue; IGR; profitability; contributions; survival; development. (search for similar items in EconPapers)
Date: 2020
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