Internally Generated Revenue (IGR) on Land Resources in Nigeria for Sustainable Governance: Scope and Limitations

This paper emphasizes a consideration of internally generated revenue as a potential for growthand development. The major sources of land-based revenue for the states and local governmentshould be known and what the constraints of these taxes could be. The government has to deepenand widen the revenue base. This paper therefore examines the pertinent problems of revenuegeneration with a view to improving internally generated revenue from land based taxation inNigeria. The study adopted systemic review of past relevant literatures. Though there are varioustypes of internally generated revenue but this paper focuses on tax on land resources. However,the fundamental principle is equally applicable to other forms of internally generated revenue. Anefficient, fair and transparent tax system not only improves fiscal performance but also furthersgood governance and strengthens legitimacy. The scope of the tax restricted to land resourceswhich fall within the purview of Estate Surveyors and Valuers was also reviewed for properunderstanding. The findings revealed property based taxation associated with the use and value oflanded properties. The concluding part of this paper focused on recommendations for effective andefficient property based taxation delivery system in Nigeria and useful recommendations werethereafter proffered.