Fiscal Responsibility And Revenue Allocation As A Panacea To The Financial Problems To The Three Tiers Of Government
ABSTRACT
All tiers of government in
Nigeria should have access to minimum revenue in order to live up to their
fiscal responsibility. Thus, if a tier of government is unable to meet it
fiscal responsibility then it could be traced to inequality in revenue
allocation. This study examined fiscal responsibility and revenue allocation as
panacea to the three tiers of government. Three simple ordinary least (OLS)
model specified for the study were estimated using time series data revealed
that there was a positive and statistically significant impact of revenue
sharing allocation on federal government revenue. There was a positive and
statistically significant impact of revenue sharing allocation of state
government and there was ci positive but statistically insignificant impact of
revenue sharing in local government. Time recommendation made include need for
Nigeria to revert to fiscal federalism review of the current revenue sharing in
favour of states and local government and expunging the constitutional
provision for join revenue allocation between state and local government.
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DURU, O (2021). Fiscal Responsibility And Revenue Allocation As A Panacea To The Financial Problems To The Three Tiers Of Government. Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/fiscal-responsibility-and-revenue-allocation-as-a-panacea-to-the-financial-problems-to-the-three-tiers-of-government-7-2
ONYINYECHI, DURU. "Fiscal Responsibility And Revenue Allocation As A Panacea To The Financial Problems To The Three Tiers Of Government" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Jul. 2021, https://repository.mouau.edu.ng/work/view/fiscal-responsibility-and-revenue-allocation-as-a-panacea-to-the-financial-problems-to-the-three-tiers-of-government-7-2. Accessed 26 Nov. 2024.
ONYINYECHI, DURU. "Fiscal Responsibility And Revenue Allocation As A Panacea To The Financial Problems To The Three Tiers Of Government". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/fiscal-responsibility-and-revenue-allocation-as-a-panacea-to-the-financial-problems-to-the-three-tiers-of-government-7-2 >.
ONYINYECHI, DURU. "Fiscal Responsibility And Revenue Allocation As A Panacea To The Financial Problems To The Three Tiers Of Government" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/fiscal-responsibility-and-revenue-allocation-as-a-panacea-to-the-financial-problems-to-the-three-tiers-of-government-7-2