AN ASSESSMENT OF REVENUE GENERATION STRATEGY IN THE PUBLIC SECTOR: A CASE STUDY OF FEDERAL INLAND REVENUE SERVICE, (FIRS) BENIN CITY.

The principal aim of this research work is to assess the need for states and local governments to generate adequate revenue from internal sources and the strategies that are being used to carry this out because it has become a matter of extreme urgency and importance. This need for states and local governments to generate revenue in this manner, underscores the eagerness on the part of the state and local government and even the federal government to look for new sources of revenue or to become aggressive and innovative in the mode of collecting revenue from existing sources. Some of the causes of inadequate internal revenue generation includes: staggering population increase, diversion of revenue belonging to government into private pockets, the unscrupulous activities of some tax consultants etc. This research work attempts to answer questions like what
has been the impact of federal Inland Revenue service in revenue generation in Edo state, what has been the effect of internally generated revenue in Edo state and other questions listed in the research questions. The result of this study is significant to both the state government and the local government. This research work is restricted to Edo state. The sampling technique that was employed for this research is the cluster sampling technique. Of the 18 local governments in Edo state, two of them
(Egor and Ovia north east) were selected as our sample.