Valuation and management of flow of internally generated revenue and federal government monetary allocations
Abstract
This paper examines the valuation and management of inflows of internally generated revenue and monetary allocations from the federal government (FG) to a state government (SG). The SG decides to invest part of the internally generated revenue and monetary allocations into a cash account and a stock in order to make more money for the state. The aim of the study is to determine the value of total wealth (i.e., the value of wealth from the investment and cash inflows) that will accrued to the SG over a period of time. The present and terminal values of the SG total revenue was obtained. It was found that investment of the internally generated revenue into stocks and cash account should be encourage to enhance maximum revenue for infrastructural development of the state.
Copyright © 2012 Charles I. Nkeki, Chukwuma R. Nwozo. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Cite this article
C. I. N. Chukwuma R. Nwozo, Valuation and management of flow of internally generated revenue and federal government monetary allocations, Math. Finance Lett. 1 (2012), 8–21.
BibTeX
@article{Nwozo2012,
author = {Chukwuma R. Nwozo, Charles I. Nkeki,},
title = {Valuation and management of flow of internally generated revenue and federal government monetary allocations},
journal = {Math. Finance Lett.},
volume = {1},
year = {2012},
pages = {8--21},
doi = {}
}