ANALYSIS OF INTERNALLY GENERATED REVENUE (IGR) AND ECONOMIC GROWTH OF SOUTH STATES OF NIGERIA

This study determined the effect of internal generated revenue on gross domestic product in South-South States in Nigeria. Ex-Post Facto research design was adopted by the study. Data were generated from the publications of State Internal Generated Revenue (SIGR) of the five South-South States and Central Bank of Nigeria (CBN), for fourteen (14) years spanning from 2011 to 2024. Regression analysis was employed to test the hypothesis. The study found that internal generated revenue has a significant positive effect on gross domestic product among in Nigeria. The study recommended that though the IGR has a positive significant effect on gross domestic product, and it can be used for policy making, a deliberate action needed by South-South States governments to improve internal generated revenue of their states, as well develop a proper mechanism for the appropriate application of their resources.