Revenue Generation and Infrastructural Development in Taraba State
Abstract
The study examined the impact of revenue generation on infrastructural development in Taraba state. The study employed descriptive survey and expost facto research design using secondary data to collected data from the Office of the Accountant General of Taraba State; Ministry of Finance; Taraba State Board of Internal Revenue (TSBIR, 2024); CBN Statistical bulletin, and National Bureau of Statistics (NBS 2024) from 2009-2023. The effect was examined using Dynamic Ordinary Least Square regression technique. The result revealed that federal statutory allocation, Grants, loan and internally generated revenue had positive and insignificant impact on infrastructural development in Taraba State while loans had negative and statistically significant in this analysis. Therefore, the study recommended that the Taraba State Government should increase and improve social amenities with judicious use of federal allocation to the State. This will boost the revenue base of the State and enable the State government strategically plan and allocate scarce resources to infrastructural development, addition, the state government should ensure judicious use of IGR to rehabitate and upgrade roads linking local government areas across the state and motorable roads for agricultural activities, more to that, government should avoid securing loans for personal use or elephant projects in Taraba State but for the maintaining of infrastructural development in State. More attention should be given to capital spending as against administrative and recurrent expenditure. This measure will ensure the effectiveness of the State’s fiscal policy for infrastructural development in Taraba State.
Keywords
Federal Statutory AllocationInternally generated revenuegrantsLoans and infrastructural development
References
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