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THE ROLE OF PUBLIC FINANCIAL MANAGEMENT REFORMS IN ENHANCING REVENUE GENERATION IN BAYELSA STATE

Chukwudi Emmanuel Okafor
Published 25 February 2025
Vol. 12, No. 4 (2024)
pp. 14-36
CC BY 4.0
  1. 1
    Chukwudi Emmanuel Okafor
    Department of Accounting, Faculty of Management Sciences Niger Delta University, Wilberforce Island, Amassoma, Bayelsa State, Nigeria
    NG

Public Financial Management (PFM) reforms are fundamental strategies designed to eradicate corruption affecting government revenue generation. This research, PFM reforms and Revenue Generation was embarked to examine the extend PFM reforms can lead to improvement in revenue generation in Bayelsa State. The study employed a descriptive survey approach, and the respondents were drawn from the ranks of administrators, accountants, auditors, and IT Specialists in State and Local Governments across Bayelsa State. Various statistical tests, including descriptive, correlation, and inferential tests, were applied to the obtained data. The data gathered were finally analyzed using regression analysis via SPSS version 26. The study found that Integrated Payroll and Personnel Information System, E-payment and Public Procurement Act have significant impact on revenue generation in the State. Consequently, the study concludes that these reforms are capable to eliminate the harmful effect of corruption, over bloated recurrent expenditure and rise the state’s internally generated revenue that has led to the abysmal revenue generation so as to enhance the revenue generation profile of the State. The study recommends that Bayelsa State government should enforce the political will to ensure full compliance in the reform agenda; ensure efficient monitoring and sustenance of these reforms and massive training of workers and enlightenment programs for the people of the State as well as meting appropriate punishment to erring officers, institutions and organs and to re-consider the engagement of the disengaged staff affected by the reform’s agenda

JournalColumbia Journal of Business and Economic Research
ISSN3065-0291
Volume / IssueVol. 12, No. 4 (2024)
Pages14-36
Published25 February 2025
DOI10.5281/zenodo.14925324
Access Open Access
LicenseCC BY 4.0 — reuse with attribution
PublisherKeith Publications
Okafor, C. (2025). THE ROLE OF PUBLIC FINANCIAL MANAGEMENT REFORMS IN ENHANCING REVENUE GENERATION IN BAYELSA STATE. Columbia Journal of Business and Economic Research, Vol. 12 No. 4, pp. 14-36. DOI: https://doi.org/10.5281/zenodo.14925324

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