Behaviour of the Internally Generated Revenue during Financial Reforms in Nigeria
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Date
2022-02-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
NIGERIAN JOURNAL OF PUBLIC SECTOR MANAGEMENT (NJPSM)
Abstract
The study investigated the behavior of the Internally Generated Revenue among the
federal institutions in both Education and Health Sectors during the on-going
financial reforms in Nigeria. Data were gathered from the Audited Financial
Statements of the public sector entities including the financial statements of individual
MDAs from 2009-2016. The study population comprised of 118 institutions spread
across the 4 geo-political zones and Abuja, the federal capital territory. The sample
size was made up of 50 institutions using Taro Yamane technique. Data were
analyzed using descriptive technique approach. The results revealed a positive
behavior in the Internally Generated Revenue with the implementation of financial
reforms. The study recommended the creation of a central compliance team by the
Office of the Accountant-General of the Federation to ensure full compliance with
financial management reforms to boost the Internally Generated Revenue in the
sectors. The study concluded that it is only when all hands are on deck to ensure an
appropriate legal and enabling environment for the implementation of financial
reforms in all MDAs that the desired objectives of improved Internally Generated
Revenue growth can be achieved in all sectors of the economy.
Description
Staff publication
Keywords
Revenue, Financial Reform, Ministries, Department, Agencies & Patterns of Behavior
Citation
Odewole, P.O. & Ololade, B.M. (2022). Behaviour of the Internally Generated Revenue during Financial Reforms.Nigerian Journal of Public Sector Management, 5(1). in Nigeria