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The Impact of Internal Revenue Generation on Infrastructural Development. A study of Puntland State, Somalia

Economics

The Impact of Internal Revenue Generation on Infrastructural Development. A study of Puntland State, Somalia

M. Osman

This research conducted by Mohamud Osman delves into the critical connection between revenue generation and infrastructure development in Puntland, Somalia from 2019 to 2022. It highlights the significant impact of revenue on economic growth, suggesting vital government initiatives to enhance infrastructure and stimulate economic progress.

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~3 min • Beginner • English
Abstract
The purpose of this research was to look into the function of revenue generation in promoting infrastructure development in Puntland State, Somalia. The study focused on Puntland's revenue situation, infrastructural development, and economic growth from 2019 to 2022. Additionally, the research reviewed the experiences of Lagos State in Nigeria to assess the contribution of increased internally generated revenue to infrastructure development in the state. Lagos State had previously faced limited infrastructure development due to low domestic revenue. However, upon implementing advanced revenue generation strategies, the infrastructure sector experienced significant development. The study's results indicate that revenue generation significantly influences both infrastructural development and economic growth in Puntland. Consequently, it is advisable for the government to give top priority to and enhance its initiatives in revenue generation to bolster infrastructural development and the broader economic advancement of the state.
Publisher
ResearchGate
Published On
Jan 03, 2024
Authors
Mohamud Osman
Tags
revenue generation
infrastructure development
economic growth
Puntland
Somalia
internally generated revenue
Lagos State
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