PROJECT TOPIC: ROLE OF LOCAL GOVERNMENT INTERNAL REVENUE AS IT PROMOTES SOCIAL ECONOMIC DEVELOPMENT.
- Seller: myProject
- Price : ₦ 3000
- Format: doc
- Category: Project material
- Department: Occupational health and safety
- Study Level: Undergraduate
- Chapters: 5
- No. of Pages: 81
- Found Useful by: 931 users
- Downloads: 2
- Delivery: Download Instantly
Revenue generation is the nucleus and the path to modern development. Thus, the study was to assess the role of local government internal revenue generation as it promotes socio-economic development. This is because local government as the third tier of government and the closest to the people especially in the rural areas needed internal revenue to provide basic social amenities to the people. But it is unfortunate to note that the local government management have not lived up to expectation especially to provide basic social amenities to the rural people. Thus, the objective of the research was to analyze the extent to which internal revenue generation had promoted socio-economic development of those areas. The researcher used primary and secondary methods of data collection to generate the needed data. The data obtained through questionnaire was presented in tables and expressed in simple percentages. The following were some of the findings which included inadequate socio-economic development of the areas, lack of basic social amenities to the rural people and lack of revenue to maintain the existing infrastructures. The researcher therefore recommended that the local government should provide basic amenities of high quality. By doing so, the people’s interest would be geared towards giving their maximum support to the local government which would lead to the socio-economic development of the rural area.
1.1 BACKGROUND OF THE STUDY
Development is a sine qua non for modern civilization. In a crusade and struggle to carryout development at all nooks and crannies of the society, the local government as the tier of government that is nearest to the people is saddled with the responsibility of direct development of the people to a certain level.
Development is highly associated with fund, much revenue is needed to plan, execute and maintain infrastructures and facilities at the local government level. The needed revenue generated for such developmental projects. Like construction of accessible roads, building of public schools, health care centers, construction of bridges among others are soles generated from taxes, royalties, haulages, fines and grants from states, national and international governments.
Thus, the Local government cannot embark, execute and possibly carryout the maintenance of these projects and other responsibilities without adequate revenue generation.
This is the basic reason why development is skeletal at some Local Government councils in Nigeria. However, adequate internal revenue generation local government will help promotes the socio economic development. This study will look examine how internal revenue generation can promote socio - economic development of Ivo Local Government Area of Ebonyi State.
1.2 STATEMENT OF THE PROBLEM
The Local Government Council take direct care of the grassroots people, that is the people in the rural areas. This group of people sometimes lack essential facilities and condition of modern civilization. They lack pipe bore water to drink, do not have electricity, accessible roads, poor educational infrastructure and facilities to mention but a few.
This is one of the major reasons of rural – urban migration of movement. This has made our cities to be congested and increase in many criminal activities. Based on the above and foregoing assertions, it is obivious that the impact of poor revenue generation on the development of the rural area is a serious problem. This might be as a result of poor revenue generation. If is to achieve her desired goal of vision 2020 and possibly meet the millennium development goals (MDGS) target, the issue of revenue generation must be addressed squarely.
Hence, the research will examine the extent to which internal revenue can promote socio-economic development of Ivo Local Government Area of Ebonyi State.
1.3 PURPOSE/OBJECTIVE OF THE STUDY
The broad objective of the research is to evaluate the impact created by internal revenue on the development of Ivo LGA in Ebonyi State.
The other objective of this study includes:
i. To determine the level of modern social amenities available in Ivo LGA
ii. To find out the living standard associated with the rural people as a result of socio economic development
iii. To find out the degree of rural-urban migration.
iv. To make useful suggestions that can improve internal revenue generation of local government which can promote the socio economic development
1.4 RESEARCH QUESTIONS
i. What are the roles of internal revenue of local government on the promotion of socio economic development of Ivo LGA?
ii. Are there adequate modern social amenities in Ivo LGA?
iii. How has the living standard of the rural people improved as a result of socio economic development?
iv. Has there been rural-urban migration with the level of socio economic development in Ivo LGA?
v. How can internal revenue in Ivo be improved?
1.5 SIGNIFICANCE OF THE STUDY
The significance of any human endeavour is measured by its relevance to solving human problems. The findings of this study would help Ivo Local Government to identify the extent to which internal revenue generation can promote socio-economic development.
1.6 SCOPE DELIMITATION
The study is focused on the role of internal revenue generation and how it affects socio economic development of the local government areas. It will also involve the analysis of problems associated with internal revenue generation and its impact on the socio economic development of Ivo Local Government.
1.7 LIMITATION OF THE STUDY
The researcher was constraint by time as time frame for the submission of this research was short for an expansive research.
The researcher equally encountered financial limitation as lack of sponsorship from corporate bodies thus; the researcher’s little resources could not cover more areas.
The willingness of most local government staff to supply the needed data was another major problem.
1.8 DEFINITION OF TERMS
Some concepts require proper explanation to enhance our understanding of the theme where necessary opinion of scholars will be cited to explain the terms. The researcher will also give some fundamental definition of terms.
According to Lawal (2000) Local Government as a political sub-division of a nation in Federal system which is constituted by law and has substantial control of local affairs which includes the power to impose taxes or exact labor for prescribed purpose.
According to William Robson (2006) Defined Local Government as involving the conception of territorial, non-sovereign community possessing the legal right and the necessary organization to regulate its own affairs.
Public revenue could be defined as the funds generated by the government to finance its activities. In other words revenue is the total fund generated by government (Federal, state, local government/ to meet their expenditure for a fiscal year.
This refers also to the grand total of money of income received from the source of which expenses are incurred. Revenue could be internal or external revenue.
This is the process of sourcing revenue for the local government in carryout their aim and objectives.
Public expenditure refers to the expenses which the government incurs for its own maintenance, in the interest of the society and the economy in order to help other countries.
Tax can be defined as a compulsory levy by government on goods, services, income and wealth. It provides definite source of revenue for government expenditure. (Udeh O.S. 2008)
It is the way by which government obtain extra money. It spent from income of individual and companies. Tax could be direct or indirect tax. A tax is a payment made by the taxpayers and used by the government for the benefits of all the citizens.
Tax evasion means illegal reduction in one’s tax liabilities, thereby paying less than the appropriate amounts and not paying at all.
Tax avoidance is the act of streamlining one’s financial affairs within the law so as to minimize the tax liabilities.
According to Ake (2001) Development is thus the process by which people create and recreate themselves and their life circumstances to realize higher levels of civilization in accordance with their own choice and values.
It also a type of social change in which new ideas are introduces into a social in order to produce higher per-capital income and levels of living through more modern production methods and improved social organization.
Quick Project Search
Removal RequestIf you are the original writer of the contents of this material and you think it violates your copyright, then you can request a removal from our platform.
Remove this Work
If you need to contact us, you can do so by chatting with us via 08165312322.
myProject.ng (2022). Role of local government internal revenue as it promotes social economic development.. myProject.ng: retrieved September 30, 2022, from https://myproject.ng/occupational-health-and-safety/role-of-local-government-internal-revenue-as-it-promotes-social-economic-development/index.html
"Role of local government internal revenue as it promotes social economic development.", 30,
Accessed 30, September, 2022
myProject.ng. "Role of local government internal revenue as it promotes social economic development." , 30, September, 2022. Web. 30 September, 2022. https://myproject.ng/occupational-health-and-safety/role-of-local-government-internal-revenue-as-it-promotes-social-economic-development/index.html .
myProject.ng, . "Role of local government internal revenue as it promotes social economic development." (2022). Accessed 30, September, 2022. https://myproject.ng/occupational-health-and-safety/role-of-local-government-internal-revenue-as-it-promotes-social-economic-development/index.html .;
myProject.ng (2022), . Role of local government internal revenue as it promotes social economic development. [Online] myProject.ng (2019). Available at: https://myproject.ng/occupational-health-and-safety/role-of-local-government-internal-revenue-as-it-promotes-social-economic-development/index.html . ( Accessed 30, September, 2022 ).