Fiscal Responsibility And Revenue Allocation: Panacea To The Growth Of Three Tiers Of Government In Nigeria

ABSTRACTAll tiers  of government in Nigeria  should  have  access  to minimum revenue in other  to live up to their fiscal responsibility. Thus, is a tier of government is unable to meet its fiscal responsibility then it could be traced to inequality in revenue allocation. This study examined fiscal  responsibility   and  revenue  allocation:  panacea   to  the  growth  of  three  tiers  of government in Nigeria. Three Simple Ordinary List  (OSL) model specified for the study were estimated using three series data revealed that there was a positive and satisfactory significant impact of revenue sharing allocation on federal government  revenue. There was a positive and statistically significant impact of revenue sharing  of state government and there was a positive  but statistically  insignificant  impact of revenue  sharing  in local  government.  The recommendation  made include need for Nigeria to revert to fiscal federation review of the current  revenue  sharing  in  favour  of  state  and  local   government   and  expunging  the constitutional provision for join revenue allocation between state and local  government.

TABLE OF CONTENTSTittle pageDeclarationCertificationDedicationAcknowledgementAbstractTable of contentList of tables 
INTRODUCTION1.1 Background of Study1.2  Statement of the problem1.3    Objective of the study1.4    Research question]1.5  Research hypotheses1.6  Scope of the study1. 7   Significance of the study1.8    Limitation of the study1.9    Definition of Terms
CHAPTER TWOREVIEW OR RELATED  LITERATURE2.1  Conceptual Framework2.2  Component of revenue allocation formular in Nigeria2.3  The challenge ofrevenue  allocation in Nigeria's federation2.4The principle of derivative inNigeria2.4.1  Nigeria Natural Resource2.5  Revenue allocation commission and the contradiction in Nigeria federal system2.6   Revenue  allocation  commission  and Recommendation or various  commissions2. 7   The application  of the derivation  principl2.7.1   Fuel Subsidy  Removal  Fund Management  Issue2. 7 .2 Deduction  from source before  sharing2.8   Matter  arising  from the new allocation  sharing  formulae  clamour

CHAPTER THREE RESEARCH METHODOLOGY3.1  Research  design3.2   Population  of the study3 .3    Method  of data collection 3.4   Method of data collection3.5   Model  Specification

CHAPTER FOURDATA PRESENTATION, ANALYSIS AND INTERPRETATION OF RESULT4.1     Introduction4.2    Trend analysis  oftime   series data of the variables

CHAPTER FIVESUMMARY, CONCLUSION AND RECOMMENDATION5.0   Introduction5.1     Summary  of the study
5.2 Conclusion5.3 RecommendationsREFERENCESAPPENDIX