Mountain Top University Library

ABSTRACT
This research was carried out in order to examine the effects of internally generated revenue on
revenue growth of Lagos state. Revenue generation is very necessary in the economy for the
economy to grow. Revenue has so many definitions based on different business. The growth of
the revenue sector depends on the internally generated revenue. The research work used the benefit
theory which say that the principle of benefits claims that people should be asked to pay taxes in
proportion to the benefits they earn from the government's service. Also we used endogenous
growth theory and public expenditure theory.
Secondary data was used and was sources from the National Bureau of Statistics, Lagos state data
budget book, and other related research works. This study used an ex-post factor research design
to gather data for the period of 2004-2018. Linear regression analysis was used to test the three
research hypothesis. The probability level was set up at 5% significance. The study population
consist of the whole state of Lagos. Internally generated revenue does not have a significant
relationship with revenue growth in Lagos state with a significance level of 0.379 (p<0.05). Human
development index does not have a significant relationship with revenue growth in Lagos state
with a significance level of 0.269 (p<0.05).Consumer price index does not have a significant
relationship with revenue growth in Lagos state with a significance level of 0.367 (p<0.05). In
conclusion the study concludes that there is no significant relationship between internally
generated revenue and revenue growth in Lagos state. This study recommends the further research
is recommended on investigation of the application of IGR on government expenditure in
comparison with the IGR inflows in all the states and local governments in Nigeria.
KEY WORDS: Human development index, Consumer price index, Revenue growth