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STRATEGIES OF REVENUE GENERATION AND RURAL DEVELOPMENT IN BAYELSA STATE, NIGERIA

OGHOLAJA EMMANUEL TORITSEJUOGHOLAJA EMMANUEL TORITSEJOGHOLAJA EMMANUEL TORITSEJUU EMMANUEL TORITSEJUOGHOLAJA EMMANUEL TORITSEJOGHOLAJA EMMANUEL TORITSEJUU

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Abstract

The study was designed to identify the strategies of revenue generation and rural development in Bayelsa State. In order to achieve the specific objectives of this study, two hypotheses were formulated and tested. The general system theory was adopted as a theoretical framework of this study. Sample size of 400 inhabitants was randomly selected from the population of this study. The multiple-stage samplings of stratified and purposive sampling techniques were utilized in the study. The data obtained were analyzed using descriptive statistics of simple percentage and chi-square. The analysis of data revealed that revenue generation strategies adopted by the local governments has not yield any significant impact on the development of the rural area and the sources of revenue generation such as statutory allocation from Federal government and internally generated revenue has being mismanaged and diverted to personal gains by political leaders in the selected local government areas. The study recommends among others that the industrialization strategy for revenue generation in the rural areas in Bayelsa State should be strengthens and encourage for more robust revenue generation. The study contribute to knowledge that lack of commitment and corrupt tendencies of local government chairmen and state government encroachment in local government finance contributed to the underdevelopment of rural areas in Bayelsa State

Copyright

Copyright © 2023 OGHOLAJA EMMANUEL TORITSEJUOGHOLAJA EMMANUEL TORITSEJOGHOLAJA EMMANUEL TORITSEJUU. This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS30400002728
ISSN: 2321-9653
Publisher: ijprems
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