Revenue Generation, Utilization and Good Governance in Nigeria’s Local Governments

Abstract

There is correlation between transparency and accountability in revenue generation and the level of good governance, between corruption and the effectiveness of revenue generation and utilization, and between the diversification of revenue sources and the level of good governance. This paper highlights the importance of ensuring transparency and accountability in revenue generation processes to promote good governance. Similarly, the study reveals a positive correlation between the level of corruption and the effectiveness of revenue generation and utilization. This highlights the detrimental impact of corruption on revenue generation and emphasizes the need for anti-corruption measures to improve revenue utilization and the benefits of diversifying revenue sources for good governance in Nigeria. The Study employs the analytical research design. It found that understanding of the dynamics of revenue generation, utilization, and good governance provide valuable insights for policymakers and stakeholders. It was recommended that tackling corruption should be a priority. Efforts should be made to strengthen anti-corruption measures, including the enforcement of existing laws and regulations, establishment of specialized anti-corruption agencies, and fostering a culture of integrity in revenue generation and utilization processes.