THE ROLES OF REVENUE MOBILIZATION IN ECONOMIC AND DEVELOPMENT

ABSTRACT

This study was carried out to examine the role of revenue mobilization on economic growth and development using Akwa Ibom State Board of Internal Revenue, Uyo as a case study. Specifically, the study was aimed at ascertaining if there is different between revenue mobilization and the development of the state, if Revenue mobilization can be used in budget realization, and if there are problems facing revenue mobilization in the state. The study employed the survey descriptive research design. A total of 50 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that there is no different between revenue mobilization and the development of the state. The findings also revealed that revenue mobilization can be used in budget realization. The findings further revealed that corruption, poor accounting system and poor management of finance were among the problems facing revenue mobilization in the state. The study recommend government to put measures in place to tackle the problems facing revenue mobilization in the state since it has been proven to facilitate economic growth and development.