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REVENUE ALLOCATION AND SOCIO-ECONOMIC DEVELOPMENT IN AKWA IBOM STATE

This study examined revenue allocation and socio-economic development in Akwa Ibom State, Nigeria 2013-2022. One of the specific objectives was to examine the impact of revenue allocation on the physical infrastructure in Akwa Ibom State. The study adopted Fiscal Federalism as its theoretical framework. The study used both qualitative and quantitative methods of design. The data collected from secondary and primary sources were analyzed using descriptive and quantitative techniques. The study population was 9804, and the sample size of the study was 400. Simple regression statistical tool was used to analyze data collected. Findings reveal that Revenue allocation has brought about physical infrastructural development in Akwa Ibom State. It was also revealed that Revenue allocation has not enhanced health care development for the people of Akwa Ibom State, though there is a positive relationship. Findings further reveal a positive and insignificant impact of revenue allocation on power infrastructure in Akwa Ibom State. The study therefore, recommended among others that; Akwa Ibom State Government should do well to have a budget that will improve upon the health sector in order to enhance health care development for the people of Akwa Ibom State. Akwa Ibom State Government should declare power sector a state of emergency and improve upon the application of methods and use of revenue to significantly impact on power infrastructural development in Akwa Ibom State.

Keywords: Revenue allocation, physical infrastructure, health care development,

socio-economic development.

Nsisong Friday Nyong, Unwana-Abasi And Sunny Piate Ph.D. Udoh Ph.D

SHARED SEASONED INTERNATIONAL JOURNAL OF TOPICAL ISSUES VOL.11 NO.1,