Assessment of Risk in the Internally Generated Revenue (IGR) Structure of Abia State, Nigeria

Philips O.O. Nto

Abstract


The study assessed risk in the Internally Generated Revenue structure of Abia State, Nigeria. The specific objectives included (I) estimation of factors and significant input variables influencing risk in IGR structure of the State and (II) examination of risk reducing practices. Data which were collected from 50 management staffs of revenue yielding Ministries, departments and agencies in Abia State were analysed with factor analysis, Tobit regression analysis and descriptive statistics. The results of the factor analysis grouped the significant input variables which scored 0.33 and above into institutional and non-institutional sources of risk while that of Tobit regression analysis revealed that significant variables which cause variation between expected and realised IGR of the State are lack of database; mismanagement of fund by government; delay in payment of revenue by tax payers; difficulty in tracking tax evaders; and weak internal control mechanism. The results point to the fact that policy on tax identification number (TIN) should be strengthened and linked to the bank account of the tax payer so that relevant revenues are deducted at source.

Keywords


Assessment; Risk; Internally generated; Abia State

Full Text:

PDF

References


Abiola, J., & Asiweh, M. (2012). Impact of tax administration on government revenue in a developing economy—A case of Nigeria. International Journal of Business and Social Sciences, 3(8).

Adenugba, A. A., & Ogechi, C. F. (2013). The effect of internal revenue generation on infrastructure development: A study of Lagos State internal revenue service. Journal of Educational and Social Research, 3(2), 419-436.

Adesina, A. A., & Baidu-Forson, J. (1995). Farmers’ perceptions and adoption of new agricultural technology: Evidence from Burkina Faso and Guinea, West Africa. Agricultural Economics, 13, 1-9

Adesina, A. A. (1996). Factors affecting the adoption of fertilizer by rice farmers in Cote d’ Ivore. Nutrient Cycling in Agro-Ecosystems, 46, 29-39.

Akpo, U. (2009). The people as government: Imperatives of tax payment. Being a paper presented at the 1st Akwa-Ibom State revenue summit. April 6 and 7, 2009, Uyo.

Ashley, B., Amber, S., & Anthony, F. (2006). Education by Nation: Multivariate analysis. Retrieved April 22, 2008, from http://www.users.muohio.edu/porterbm/ Sunj/2006/start.s

Chow, G. C. (1983). Econometrics (3rd ed.). Singapore: McGraw-Hill.

Chow, C. K., & Fung, M. K. Y. (2000). Small businesses and liquidity constraints in financing business investment: Evidence from Shanghai’s manufacturing sector. Journal of Business Venturing, 15(4), 363-383.

Eze, C., Omole, J., Onyia, S., & Okonji, P. (2014). Enugu state revenue administration review. SLGP Consultants Report Number 321.

Holloway, G., Nicholson, C., Delgado, C., Staal, S., & Ehui, S, (2004). A revisited Tobit procedure for mitigating bias in the presence of non-zero censoring with an application to milk-market participation in the Ethiopian Highlands. Agricultural Economics, 31, 97-106.

Maddala, G. S. (1983). Limited-dependent and qualitative variables in econometrics (p.37). Cambridge, England: Cambridge University Press.

Mbanasor, J. A. (2014). Poor increasing IGR in Abia state. Paper presented at the first Abia revenue summit, 10th July, 2014, at Michael Okpara Auditorium, Umuahia.

Nkamleu, G.B (2007). On measuring indebtedness of African Countries. African Finance Journal, 9(1), 21-38.

Nnanseh, M., & Akpan, S. S. (2013). Internally Generated Revenue (IGR) and infrastructural development in Akwa-Ibom state. European Journal of Business and Management, 5(31). 165-172.

Nto, P. O. O., Mbanasor, J. A., & Osuala, A. E. (2014). Evaluation of risk management practices in rice production in Abia state, Nigeria. American Journal of Experimental Agriculture, 4(3), 263-274.

Nto, P. O. O. (2014). New face of Abia tax policy. An address presented at the Maiden Abia revenue summit on July 10, 2014, Umuahia.

Nto, P. O. (2015). Breakdown of the 2015 budget. Presented to Abia State House of Assembly on February 2, 2015.

Udoudo, P. U., & Ekpeyong, E. J. (2013). Modelling Internally Generated Revenue (IGR) of local government in Nigeria. Mathematical Theory and Modelling, 3(14).




DOI: http://dx.doi.org/10.3968/%25x

Refbacks

  • There are currently no refbacks.


Copyright (c) 2016 Canadian Social Science



Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Online Submission: http://cscanada.org/index.php/css/submission/wizard

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; office@cscanada.net; ccc@cscanada.net; ccc@cscanada.org

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).

 

Canadian Social Science Editorial Office

Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net; Http://www.cscanada.org 
E-mail:caooc@hotmail.com; office@cscanada.net

Copyright © Canadian Academy of Oriental and Occidental Culture