Fiscal Devolution and Human Capital Formation in Nigeria: Emphasis on Independent Generated Funds of the Three Tiers of Government

Omodero, Cordelia Onyinyechi

doi:10.5539/ibr.v12n4p21

Cited by 1 publication

(1 citation statement)

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“…and motor vehicle license, among others (Anyafo, 2012). Internally generated revenues are those sources of government finance generated majorly by the Federal, States and Local councils, which help in broadening and widening the overall non-oil revenue structure of the State (Omodero, 2019). The current challenges of the three tiers of government in Nigeria is the dwindling level of revenue generation, mostly by the State governments and the absolute dependence on Federal allocation which is tilted more in favour of the Federal government, hence giving rise to annual budget deficits in the States and inadequate financial resources for meaningful growth and viable projects development (Chiamaka, Obinna, Friday, & Oraekwuotu, 2021).…”

Section: Internally Generated Revenuementioning

confidence: 99%

Effects of Tax Evasion and Avoidance on Oyo State’s Internally Generated Revenue

ONIGBINDE,

OYEDOKUN

2023

JEFMS

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Tax evasion and avoidance are both phenomena that are probably as old as taxation itself. Literature revealed that tax avoidance and evasion represent some of the perplexing problems facing the Nigerian economy. The study adopts a quantitative research design, employing a standardized questionnaire as the primary research instrument. The study population comprises personnel from the Oyo State Internal Revenue Service. The findings revealed a significant positive relationship between tax evasion and IGR, indicating that tax evasion negatively impacts revenue generation. Similarly, tax avoidance is found to have a significant negative relationship with IGR, implying its detrimental effect on revenue. The study concluded that resistance towards tax obligations leads to the disturbance of the government's essential services, such as health services, education, sanitation, transportation, and infrastructure. The study recommends that urgent steps should be taken by public office holders to live up to expectation when it comes to transparency, accountability and the war against corruption.

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Section: Internally Generated Revenuementioning

confidence: 99%