POTENTIAL SOURCES OF REVENUE TO SOKOTO STATE: PROBLEMS AND PROSPECTS
POTENTIAL SOURCES OF REVENUE TO SOKOTO STATE: PROBLEMS AND PROSPECTS
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Date
1985-08
Authors
AMBURSA, UMARU SHEHU - USMAN
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Abstract
Government derives its revenue for public expenditure
from a number of sources of which taxation is one of the
major ones. As a developing country with considerable
endowment in human and natural resources, the greatest
drawback to our development efforts has always been the
inavailability of adequate, reliable, and stable sources
of revenue. With the present economic predicament in our
country, the need to diversify our sources of revenue has
become inevitable.
The main objective of the study is to examine and
analyse the existing main sources of revenue of the state,
and the problems and prospects involved, with a view to
propose some potential sources of revenue, so that the
government can diversify its efforts in revenue generation.
Based on the past state taxes (revenue) collection
policies and procedures, we should pin point the
short-comings in the existing administrative set up;
mode of collection and to suggest a list of proposed
potential sources of revenue in the state in consonance
with the Federal Government Policy on taxation.
Existing main sources of revenue have been analysed
and found that state government has been heavily
depending on statutory allocation and other purposeful
grants.
Because of the problems of revenue collections and
tax administration and the inadequacy of recurrent
locally collected revenue, we suggest for the introduction
of:-
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i. Sales tax
ii. Property tax
iii. Development Levies
iv. Other sources.
Prospects of revenue collection and tax administration
are very bright. Especially if one considers the recent
established Decree No 4, 1985 Finance (Miscellaneous
Taxation Provisions) which has tried to improve on the
present legislation and has also introduced a few new
ideas into our tax laws.
Furthermore, with the re-organisation of the
Internal Revenue Department as recommended making it
autonomous; providing the department with more trained
personnel; providing more suitable office accommodation;
and providing enough transportation, much revenue could
be realised from the operation of revenue collection and
tax administration system in Sokoto State.
There is therefore, a need for the state government
to critically look into these peculiar problems facing
the operation of revenue collection and tax administration
system in the state. Immediate solutions to the problems
posed must be provided.
Description
A THESIS SUBMITTED TO THE POST GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, IN PARTIAL FULFILMENT
OF THE REQUIREMENTS FOR THE DEGREE OF MASTERS
OF BUSINESS ADMINISTRATION (M.B.A.)
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION,
AHMADU BELJO UNIVERSITY, ZARIA
Keywords
POTENTIAL,, SOURCES OF REVENUE,, SOKOTO STATE,, PROBLEMS,, PROSPECTS.