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AKSU Journal of Agricultural Economics, Extension and Rural Development

ISSN(Online): 2736-0040    ISSN(Print): 2695-1975

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INTERNALLY GENERATED REVENUE AND IT IMPLICATIONS FOR SUSTAINABLE DEVELOPMENT IN AKWA IBOM STATE, NIGERIA


Author: 
Uduakobong Etop Ukpe and Ettah Bassey Essien

Abstract
Revenue generation is the nucleus and the path to modern development. This study examines the effects of internally generated revenue on Health sector, Education sector and infrastructural development in Akwa Ibom State. This is because the State as the second tier of government needs revenue to provide basic social amenities to the people. Thus, the study specifically sought to ascertain the extent to which IGR has contributed to the provision in health and educational sector and also infrastructure such as road. An ex-post facto research design was adopted and the data used were obtained from secondary sources. The data were analyzed with simple percentage statistics with tables and graphs. It was found that IGR contributed significantly and positively to the provision of water, electricity and roads. However, these contributions were skewed more to roads than electricity and water. It was concluded that IGR has made positive, but uneven contribution to the development in the Health and Education sectors in the State as infrastructure was found to receive more boost from IGR than other development indicators. Consequently, a balanced approach to IGR appropriation for infrastructure and the two sectors in the study was recommended. It is through this that the people will fully benefits from their contributed revenue that form the bulk of internally generated revenue for the government.