Performance Benchmarking Of Selected Southwest States Government.
Journal Title: Advances in Social Sciences Research Journal - Year 2017, Vol 4, Issue 24
Abstract
This study examined performance benchmarking of selected Southwest States. Specifically the study examined the effect of internally generated revenue (IGR), federal statutory allocation (FGA) and value added tax (VAT) on State economic growth, (while per-capital income was used to proxy for economic growth). The scope of study covered 6 States of the selected Southwest, over a period of five (6) years (2011 to 2016). The sample consists of three States randomly selected namely: Lagos, Oyo and Ogun. Data used in the study were sourced from the Federal Bureau of Statistics and Annual Financial Reports of selected States. The study employed ANOVA test. Result showed that in Lagos State FGA (p=0.001 < 0.05), IGR (p=0.008 < 0.05) and VAT (p=0.007 < 0.05) has significant and positive increase on per-capital income of the Lagos State respectively. The result also showed that Oyo State VAT (p=0.185 > 0.05) and IGR (p=0.113 > 0.05) are positively related with per-capita income but with an insignificant effect respectively. While FGA (p=0.224 > 0.05) has negative effect and insignificant on per-capita income of Oyo State. While Ogun State showed that FGA (p=0.570 > 0.05) and IGR (p=0.105 > 0.05) exert insignificant positive effect on per-capita income of Ogun State respectively. Conversely, VAT (p=0.902 > 0.05) has negative insignificant indication on per capital income. The study thus recommended that the States should look into tourism center by doing so it will significantly affect per-capital income of the States. While Oyo and Ogun States should increase their internally generated revenue by sourcing for other means through which the government can make more money.
Authors and Affiliations
Festus Oladipupo Olaoye, Quadri Ayodeji Adedeji
Keywords
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- EP ID EP331012
- DOI 10.14738/assrj.424.3968.
- Views 105
- Downloads 1
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