Faculty of Management Sciences, Federal University Otuoke
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Cletus O. AKENBOR & Emmanuel EKANEM
This study examined the impact of state government revenue on infrastructure development in Lagos State from 2010 to 2018. Revenue from value added tax (VAT), road tax, pay as you earn (PAYE) were used as proxies for state government revenue while capital spending was used as the measure for infrastructure development in Lagos State. An ex-post facto research design was adopted as secondary data were sourced from BudgiT statistical bulletin and Lagos State data book. Autoregressive Distributed Lag (ARDL) was used to analyze the behavior of the variables. Our findings suggest that PAYE has a positive and significant contribution to infrastructure development, however, VAT and road tax have a positive and insignificant and a negative and insignificant impact respectively on infrastructure development. The study therefore recommends among others that the Lagos State government should harness its potentials in terms of procedure for collection of Value Added Tax (VAT) in the state; the sources of revenue that are significant should be reconstructed and re-engineered through public awareness, keeping of accurate data and methodical manner of collection, as this will help Lagos state government improve and be more efficient in collection and generation.
Editorial
Published: 23 Dec 2019
STATE GOVERNMENT REVENUE AND INFRASTRUCTURE DEVELOPMENT IN LAGOS STATE
1-14 (2019)
Abstract
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Affiliations
Department of Accounting, Federal University Otuoke, Bayelsa State, Nigeria.
Cletus O. AKENBOR
Corresponding Author
Cletus O. AKENBOR
Cite this article
Cletus O. AKENBOR & Emmanuel EKANEM (2019). State Government Revenue and Infrastructure Development in Lagos State. Otuoke Journal of Management Sciences, 4(2) 1 - 14.
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Emmanuel EKANEM
Department of Accounting, Federal University Otuoke, Bayelsa State, Nigeria.