Effect of Revenue on Budget Implementation in Ekiti State, Nigeria
Student: Folasade Comfort Olaniyi (Project, 2025)
Department of Accounting
Ekiti State University, Ado-Ekiti, Ekiti State
Abstract
This study investigated effects of revenue on budget implementation in Ekiti state, Nigeria for the period 2005 – 2023. Data were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin (2017). Budget implementation was adopted as the dependent variable while statutory allocation (STA), internally generated revenue (IGR) and value added tax (VAT) were adopted as the independent variables. The descriptive statistics which include mean, maximum, standard deviation, were used to test the variables. The results revealed that IGR has a mean value of 4.32 which indicates that the use of revenue in budget implementation has been on the increase. The result shows that budget implementation is positively related with statutory allocation and value added tax but negatively related with internally generated revenue. IGR has negative relationship with STA, this reveals that the more IGR, the lesser the use of STA. The study thus recommended amongst others that STA which have a positive effect on budget implementation should have more mobilization. It is also recommended that there should be a review on charges paid from IGR.
Keywords
For the full publication, please contact the author directly at: olaniyifola09@gmail.com
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Institutions
- Federal University of Technology, Minna, Niger State 47
- Federal University of Technology, Owerri, Imo State 95
- Federal University Oye-Ekiti, Ekiti State 41
- Federal University, Birnin-Kebbi, Kebbi State 37
- Federal University, Dutse, Jigawa State 6
- Federal University, Dutsin-Ma, Katsina State 63
- Federal University, Gashua, Yobe State 3
- Federal University, Gusau, Zamfara State 14
- Federal University, Kashere, Gombe State 1
- Federal University, Lafia, Nasarawa State 6