IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 9 NO. 3 2023
DOI: https://doi.org/10.56201/jbae.v9.no3.2023.pg83.104

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Public Financial Management Reforms and Revenue Generation in Bayelsa State

Confidence Joel IHENYEN PhD & Numuworimi YEITARIBO

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Abstract

Public Financial Management (PFM) reforms are fundamental strategies designed to eradicate corruption affecting government revenue generation. This research, PFM reforms and Revenue Generation was embarked to examine the extend PFM reforms can lead to improvement in revenue generation in Bayelsa State. The study employed a descriptive survey approach, and the respondents were drawn from the ranks of administrators, accountants, auditors, and IT Specialists in State and Local Governments across Bayelsa State. Various statistical tests, including descriptive, correlation, and inferential tests, were applied to the obtained data. The data gathered were finally analyzed using regression analysis via SPSS version 26. The study found that Integrated Payroll and Personnel Information System, E-payment and Public Procurement Act have significant impact on revenue generation in the State. Consequently, the study concludes that these reforms are capable to eliminate the harmful effect of corruption, over bloated recurrent expenditure and rise the state’s internally generated revenue that has led to the abysmal revenue generation so as to enhance the revenue generation profile of the State. The study recommends that Bayelsa State government should enforce the political will to ensure full compliance in the reform agenda; ensure efficient monitoring and sustenance of these reforms and massive training of workers and enlightenment programmes for the people of the State as well as meting appropriate punishment to erring officers, institutions and organs and to re-consider the engagement of the disengaged staff affected by the reforms agenda.

keywords:

Integrated Payroll and Personnel Information System, E-payment and Public Procurement Act

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References:

Adebayo, P.A. (2013). International Public Sector Accounting Standard: A Practical Guide to
Reporting Entities in Nigeria. Arogbodo Press Ltd Printing and Publishing Area 1 Garki,
Abuja, 207.
Amaefule, I. I. & Iheduru, N. G. (2014).Electronic Accounting System: A Tool for Checkmating
Corruption in Nigerian Public Sector and a Panacea for the Nation’s Poor Economic
Development Status. Sky Journal of Business Administration and Management, 2(4), 019-
028

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