Get the complete project »
- The Complete Research Material is averagely 106 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦7,000
It is undisputed that government generates revenues from taxes, oil extraction and exportation to finance public goods such as economic infrastructure, social services and for the operation of government itself. For this reason lack of revenue will be a major obstacle to economic growth. in Nigeria, it appears that a step increase in public revenue due to the surge in natural resources wealth and the contribution of non oil revenue rarely improved the much needed public goods and the general wellbeing of the citizen. Indeed, quite the opposite happen. On the bases of this, the effects of pubic revenues on economic growth were investigated in Nigeria from 1980 -2008. We employed two method of analysis. The descriptive method and the econometric method. Finding from the descriptive analysis shows that the growth rate of oil revenue is volatile as compared to the growth rate of both non oil revenue and federal government revenue; however oil revenue still dominates public revenue. While finding from the econometric model shows clearly that public revenue and economic growth have a long run relationship which suggests that the model to use is the vector error correction model which measures the speed of adjustment of the long run to converge to their short run equilibrium. The result of the vector Error Correction model shows that the RGDP parameter is correctly signed with a 42% speed of adjustment in the short run to reach equilibrium level in the long run. The result of the Granger causality test reveal that public revenues does not granger cause RGDP neither does Economic growth Granger cause public revenues. Based on the finding we highlight some major issues that policy makers should consider for effective usage of public revenues toward growth enhancement.
1.1 BACK GROUND OF THE STUDY
Public revenues are inflow of financial resources or monies into the government sector
from other economic units/sectors. It includes all non repayable receipts and grants and is
divided into current and capital receipts. While current receipts comprise tax and non tax
receipts within a given period, capital receipts are receipts from non financial assets used in
production process for more than one year. Grants on the other hand, are non compulsory,
non-repayable unrequited receipts from other government and international institutions.
Bathia (2006) further described Public revenues as consisting of revenue receipts and
capital receipts. Revenue receipts include routine and earned. While capital
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
» CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Capital information refers to the proportion of present income saved and invested in order to augment...Continue Reading »
» CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY 1.1 Tax is a financial issue and its payment is a civil duty. It is the imposition of a financial bur...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Poverty problem in Nigeria is actually noted to be a growing phenomenon. However, unlike some Afr...Continue Reading »
» CHAPTER ONE 1.1 Introduction Nigeria is generously endowed with abundant natural resources including biological and non biological resources. The reso...Continue Reading »
» ABSTRACTPoverty has the consequences of breeding social disillusionment with respect to what the objectives are and members responsibilities towards a...Continue Reading »
» ABSTRACT This study sets out to examine managing monetary policy in an environment chocked up with huge fiscal deficits and public debt, high inflatio...Continue Reading »
» ABSTRACT The work was on the impact of taxation on foreign direct investment in Nigeria (1970 2009), dealing with secondary data from the Central Bank...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study In today‟s increasingly competitive business environment, organisations keep evolving ways of e...Continue Reading »
» ABSTRACT This research work tries to investigate the role of microfinance bank on agricultural development in Nigeria using Nigeria as a case study. U...Continue Reading »
10. PRIVATISATION OF PUBLIC ENTERPRISES AND ITS IMPLICATION ON ECONOMIC POLICY AND DEVELOPMENT OF NIGERIA (case study of a telecommunication industry in N...» ABSTRACT Privatization as an economic policy is of no doubt a good economic tool for development but in Nigeria, the policy has generated many controv...Continue Reading »