Downloads: 90 | Views: 213 | Weekly Hits: ⮙3 | Monthly Hits: ⮙3

Research Paper | Accounting | Nigeria | Volume 9 Issue 10, October 2020 | Rating: 7.4 / 10

Rate This Article!      

Revenue and Government Expenditure on Urban Planning and Development in Lagos State

Adegbie Folajimi Festus, Izang Julia Ufuoma

Abstract: Revenue is an essential element in enhancing the implementation of government policies on expenditure, most especially on urban planning and development in Nigeria. Achieving this has been a major challenge for the development of the State. Studies have shown that the lack of implementation of urban planning and development projects has resulted to hardship which led to the State struggling with managing population growth, urban planning and developmental challenges. The study evaluated the effect of revenue on government expenditure on urban planning and development in Lagos State. Survey and expost-facto research design were adopted; the study evaluated the effect of Revenue on Government expenditure on urban planning and development in Lagos State from 2007- 2015. Data were obtained from published financial statement of Lagos State from the ministry of finance. One hundred (100) copies of questionnaires were administered to residences of the State. Descriptive and inferential (Multiple regression) were used to analyse the data. The result of the finding shows that revenue has significant effect on expenditure on road and bridges in Lagos State. Adj. R2= 0.97, F- statistics 51.3385, P- value <0.0042 and the primary Adj. R2= 0.08, F- statistics 1.918, P- value <0.010; revenue has significant effect on expenditure on bus terminals in Lagos State. Adj. R2= 0.80, F- statistics 7.6984, P- value <0.0617 and the primary Adj. R2= 0.14, F- statistics 3.978, P- value <0.003; revenue does not have significant effect on expenditure on housing and landscape in Lagos State. Adj. R2= 0.27, F- statistics 1.5967, P- value >0.3715 and the primary Adj. R2= 0.20, F- statistics 0.418, P- value >0.83. The study concluded that revenue influenced expenditure on urban planning and development in Lagos State. The study recommends that adequate resources should be provided for equitable development to take place in the State.

Keywords: Government expenditure, Lagos State, Public sector, Revenue, Urban planning and Development

Edition: Volume 9 Issue 10, October 2020

Pages: 1162 - 1171