Contribution of Internally Generated Revenue to Public Infrastructural Development in Kogi State, Nigeria

Abstract

In this project, we delve into the pivotal role of Internally Generated Revenue (IGR) in fostering the development of public infrastructure within Kogi State. Our study is driven by several objectives: firstly, to ascertain the extent of IGR's contribution to public infrastructure development in Kogi State; secondly, to identify and address the challenges impeding the effective collection of IGR in the state; thirdly, to explore the correlation between revenue from earnings and sales and the advancement of public infrastructure in Kogi State; and finally, to propose actionable strategies for enhancing revenue generation in the state. Our research methodology encompasses both analytical and descriptive approaches, incorporating historical analysis and survey methods to gather comprehensive data. Through rigorous analysis, we have uncovered that internally generated revenue indeed plays a crucial role in bolstering the development of public infrastructure in Kogi State. Furthermore, our findings reveal that there are no significant barriers hindering the effective collection of internally generated revenue within the state. Additionally, we have established a clear relationship between revenue derived from earnings and sales and the progress of public infrastructure in Kogi State. Drawing from our research insights, we put forth several recommendations for policymakers and stakeholders. Firstly, it is imperative for the government to ensure that internally generated revenue significantly contributes to the enhancement of public infrastructure in Kogi State. Moreover, the establishment of dedicated bodies to monitor and address challenges in revenue collection is essential for sustained progress. Strengthening the nexus between revenue from earnings and public infrastructure development is crucial for long-term growth and prosperity. Additionally, we call upon the Federal Government to enact policies aimed at bolstering revenue generation initiatives within Kogi State. In conclusion, our study underscores the critical importance of internally generated revenue in driving the development of public infrastructure in Kogi State. By implementing our recommendations, policymakers can chart a path towards sustainable growth and prosperity for the state and its citizens.