Towards Efficient Financial Management of Local Government Resources In Nigeria: A Practical Approach

Abstract

There is no iota of doubt that the Local Government as the third tier of government is very crucial to the overall performance of governance, and this is more so in a democratically elected regime where the people have the liberty and franchise to decide who govern them at every point in time. Any organisation that is given the responsibility of ensuring human welfare, development and creation of wealth for the citizens, protection of life and property and promotion of societal good through coordinated and cooperative efforts requires enough finance in order to achieve its target goals and objectives. One of such organisations is Local Government which does not only require capital but it also needs knowledgeable and skilled personnel to manage efficiently the money which is always insufficient to meet its needs. Finance and its prudent management are the bedrock of effective functioning of local government. No one can doubt the need for efficient financial management in any modern system.