DOMESTIC REVENUE MOBILIZATION (DRM) AND NATIONAL DEVELOPMENT: CHALLENGES AND THE WAY FORWARD
Abstract
Domestic revenue mobilization (DRM) is the nucleus and the path to national development. DRM encompasses all the money received other than from issue of and debt, liquidation of investments but includes tax collections, charges and miscellaneous revenues, utility and insurance trust revenue for all funds and agencies of a government Governments at all levels and donor agencies, both multilateral and bilateral, have increasingly recognized the central role of DRM in ensuring sustainability and ownership in the development process, amongst others. Domestic revenue mobilization has been considered, as the first element of success in the 21st-century economy. Thus, this paper assessed the challenges of domestic revenue generation also known as internally generated revenue in Nigeria and various ways of enhancing internal revenue generation in the states.
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.