REVENUE GENERATION AND INFRASTRUCTURAL DEVELOPMENT

 ABSTRACT

This study investigated the impact of revenue generation and infrastructural development on economic growth. The Ex post facto research design was adopted for the study. The Oredo Local Government Area of Edo State was chosen for the purpose of the study, the data used in the study was obtained majorly from secondary sources. The research employs quantitative method of data analysis; it was done in three folds: firstly, the descriptive analysis was performed using the mean, maximum and minimum. The result of the regression analysis reveals revenue generated from motor packs, health centres, Marriage Registries, Death/Local Government of origin Certificate and others were not statistically significant at 5% level of significance, this means that irregular fluctuation in this revenue did not allowed for significant contribution to gross fixed capital formation, hence infrastructural development expected, in the same vein growth during the period under review. This can be attributed to the continuous and steady increase or decrease in the value of revenue from this area. The study concludes that locally collected revenue has significant role in government decision to invest in infrastructural development. The study hereby recommends that; There should be stringent penalty imposed on any individual or corporate body who indulge in any form of revenue malpractices irrespective of words; Efforts should be intensified by the local government towards increased collection of revenue, this is due to the low contribution of tax revenue to GDP over the period of study; Government should be able to use revenue generated in the provision of infrastructural facilities.