Internally Generated Revenue, Corruption, Governance And Economic Growth In Nigeria

Abstract

Economic growth of Nigeria has been acclaimed to be affected by the inability to raise enough internally generated revenue to provide economic growth stimulus. Studies have shown that economic growth can be stimulated by internally generated revenue, corruption and governance. Ex post facto research design was adopted using Nigerian economy while internally generated revenue, corruption, governance and economic growth were modeled using Autoregressive Distributive Lag Model (ARDL). The study found that IGR, CPI and GI jointly had positive and significant effect on economic growth. It recommended that government should establish policies that will drive internally generated revenue, reduce corruption and enhance governance to attain economic growth.