Fiscal Federalism and Socioeconomic Development in Nigeria
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2023, Vol 6, Issue 06
Abstract
This paper examines how fiscal federalism had enhanced socioeconomic development in Nigeria. Nigeria has 36 states with political autonomy but depend on the federal government for economic survival since all productive activities belong to the federal government. Our analysis and discussion show that states with high production and revenue generation capacities were able to reduced poverty, create more jobs and improve literacy and human capital in spite of the federal government using most of their revenue to service states with less revenue generation capacity. The paper also reveals that almost all the states with very low production and revenue generation capacities have very high poverty level, unemployment and illiteracy level. Lagos, Rivers, Oyo and Ogun states were found to have generated more revenue than the rest states of the federation hence achieved higher level of economic development or socio-economic outcomes than other states. This implies that if the states are allowed to produce based on the available resources they have and pay tax to the federal government, the states will achieve higher level of development than what they have now. Based on these findings, the paper recommends the scraping of the present principles for revenue sharing and the enthronement of the derivation principle in which the federating units produce and pay tax to the central government as measures toward achieving sustainable development in Nigeria
Authors and Affiliations
Nteegah, Alwell
Keywords
Related Articles
- EP ID EP718286
- DOI 10.47191/ijmra/v6-i6-81
- Views 66
- Downloads 0
Language Choice of Teochew Chinese Students in Vinh Chau – Soc Trang Today
The Teochew Chinese have established their presence in Vinh Chau (Soc Trang Province) for over three centuries, evolving into a dynamic community that values numerous cultural dimensions intrinsic to the Teochew heritage...
Analysis of Financial Ratio to Profitability in PT. Pegadaian Indonesia 2008-2022
This article aims to know and analyze the effect of liquidity ratios, solvency ratios, and activity ratios on profitability ratios at PT Pegadaian Indonesia. The population of this research is PT Pegadaian Indonesia. The...
The Impact of Performance Appraisal on Employee Turnover on the Medical Field in Egypt
One of my principal concerns when I got advanced and turned into a director liable for overseeing and managing 9 subordinates is how to deal with these individuals really and productively and with regards to examination,...
Time Series Econometric Analysis of ODOP's Contribution to State-Level GDP Growth in India
This study examines the economic impact of the One District One Product (ODOP) scheme on state-level GDP growth in India using time-series econometric models from 2011 to 2023. The ODOP initiative, launched by the Indian...
Relationship between Arm Muscle Strength, Lemb Muscle Strength, and Eyes-Feet Coordination with Basic Movement Ability of Elementary School Students
Purpose: The purpose of this study was to examine relationship between arm muscle strength, lemb muscle strength, and eyes- feet coordination with basic movement ability of elementary school students. Materials and Metho...