THE OVERVIEW OF LOCAL GOVERNMENT FINANCE IN THE NEW MILLENIUM

Overview
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1.1 BACKGROUND OF THE STUDY

Finance has been a problem facing the government. The government of Nigeria is made up of the federal, state and local government which is preferably called the three tiers of government. But however, this work is only limited to the local government.

Local government forms the third tier of government in Nigeria. The aim of creating local government is to decentralize government so that local government which is nearest to the people will enable the people to participate in development process of their area. Local government is also referred to as government at this grassroots level.

To carry out its function, the local government must have readily available finances. This is because the need for finance is very important in any establishment.

In defining what finance is various perspectives from different aspects are recognized?

1. The layman understands finance as the volume of money held as cash and cash balances at bank.

2. The investor sees finance as the possession of funds when it is needed for investments.

3. The academics sees finance as the discipline that studies the science of funds management, which includes the institutions that are involved in sourcing funds such as the money market institutions, insurance market institutions and mortgage market institutions etc.

These guidelines help in generating funds and funds management.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Proposal

CHAPTER ONE: INTRODUTION

1.1 Background of the study

1.2 Statement of problem

1.3 Objective of the study

1.4 Significance of the study

1.5 Scope and limitations of the study

1.6 References

CHAPTER TWO: LITERATURE REVIEW

2.1 Need for local government

2.2 Local government source of fund

2.3 Local government organizational structure

2.4 The concept of financial administration

2.5 Definition of terms

2.6 References

CHAPTER THREE: SUMMARY

3.1 Summary of findings

3.2 Conclusion

3.3 Recommendation

Bibliography

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THE OVERVIEW OF LOCAL GOVERNMENT FINANCE IN THE NEW MILLENIUM

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