Skip to main content
Article thumbnail
Location of Repository

THE IMPACT OF REVENUE BASE ON LOCAL GOVERNMENTS’ SOCIAL ASSETS IN CROSS RIVER STATE, NIGERIA: 1996- 2010

By Tapang Arzizeh Tiesieh and B. Sc. M. Sc

Abstract

This study evaluated the impact of revenue base on social assets creation in selected local governments in Cross River State, Nigeria. The ex-post facto research design was used as a blueprint for collecting data. Data obtained from these local governments covering 1996 to 2010 was analyzed using the Ordinary Least Squares. The study revealed that revenue base has a significant impact on the creation of social assets. However, internally generated revenue which is a stable revenue source has been neglected due to over-dependence on statutory allocation from the federation account. Furthermore, the inability of state government to pay ten per cent (10%) of its internally generated revenue to Councils as statutorily required, coupled with fallouts of the operation of the State Local Government Joint Allocation Account (JAAC) has further impaired the capacity of Councils to create social assets. It is therefore expedient that local governments are encouraged to expand their internally generated revenue bases to aid planning and execution of social infrastructure. Legal constraints by way of the operation of the local government joint allocation account as well as failure of states to discharge their financia

Topics: Revenue Base, Social Asset, Joint Allocation Account, Federation Account Allocation, Public Goods and Public Choice * FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF CALABAR, P.M.B.1115
Year: 2014
OAI identifier: oai:CiteSeerX.psu:10.1.1.415.9152
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • http://www.ijmra.us/project (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.