TABLE OF CONTENT
Title page
Certificate
Dedication
Acknowledgement
Table of content
CHAPTER ONE: Introduction
1.1 Background of
the study
1.2 Problem of the
research
1.3 Aim and Objective
of the study
1.4 Scope and
limitation of the study
1.5 Research
hypothesis
1.6 Significance of
the study
1.7 Research
Methodology
1.8 Plan of the
study
1.9 Definition of
terms
CHAPTER TWO: Literature review
2.1 Definition of
local government
2.2 Features of local government
2.3 Local Government Objective
2.4 Sources of Local Government
2.5 Financial Management Role
2.6 Impact of financial management in local government
2.7 Impact of financial management in local government
CHAPTER THREE Research
Methodology
3.1 Introduction
3.2 Data collection instruction
3.3 Random sampling
3.4 Population sampling
3.5 Organization structure Ilorin West Local Government
CHAPTER FOUR: Data
presentation and Analysis
4.1 Introduction
4.2 Analysis of questionnaire
4.3 Interpretation of the finding
CHAPTER FIVE: Summary, Conclusion and recommendation
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation
Bibliography
CHAPTER ONE
1.1 BACKGROUND
OF THE STUDY
It has been recognized that financial
management plays a catalytic role in the process of economic growth and
development. As the economy growth the financial become on increasingly deep
and broad its structure also become increasingly sophisticated. The operation
of government accounting is governed by certain rules and regulations which are
subjected to review or amendment in line with polities social or economic
changes. Some of these rules and regulation include, Financial Control and
Management Act 1950 as amended by the Audit Act of and Constitution
framework.
In the past local government have less
to perform probably among other reason because the people were not all that
conscious of their right of having a fair share of government resources. Nowadays,
the political awareness of the people has greatly improved.
Consequently they have becoming more
conscious of the heeded for better environment and good condition of living
these community continue to put pressure or to pressurize of the local government
for more social amenities.
Unfortunately, the local government is
concentrated by law to satisfy the people needs since its resources and search
in relation to their increased demand.
All the same local government in duly
bound and under the obligation to provide it citizens with certain basic
services this task gave rise to the ineluctable question of efficient financial
management. The measurement of public accountability.
In addition, to access the impact of
leadership in the development of an area, and also to access the management in
the operation of both human and non human resources.
1.2 PROBLEM OF THE RESEARCH
This research work is carried out in
order to establish the fact that financial management make contribution into
local government administration.
There is usually inefficiency in the
financial management and as a result into confusion which inappropriate in
local government. This cause set back in financial management central. In some
organization which does not allow the research to have enough information about
the financial statement of accounting system, there is not yet proper
understanding in appropriate derived from financial management is greater than
to providing this information for the research.
The major problem encountered as regard
this research is from responded.
Most local government are not willing to
disclose information, especially because of the fact that, it has to do with
accountings. They do not want to give any information about their accounting
system they feel it may have an implication on them.
1.3 AIMS AND OBJECTIVES OF STUDY
The
sole aim of this research is to consider efficiency of the financial management
control measure in local government administration. However, the purpose of the
study is to sole efficiency and deficiency of the financial management, the
local government administration is the system that is to encourages all the
local government administration to practice the efficient of financial
management. And other purpose of the study is to show some impact of the
leadership in the development of an area.
1.4 SCOPE AND LIMITATION OF THE STUDY
This study will mainly focus in the
financial management in Nigeria local government as at 2009 to 2010 both
negatively and positively. However, certain limitation need to be recognized
from the on set.
This
research is confined to only local government in Kwara State Ilorin West Local
Government, but since that method of random sampling was used in choosing the
local government, the conclusion and generalization will be applied to all
local government in Nigeria.
However, it is noteworthy for the
research to give me assurance that all effort I made to overcome the constrain,
or limitation stated.
i.
The research is
focus on the financial management control measure in local lack of experienced
offices to handle vital duties of revenue.
ii.
Delay is release
fund to the local government by the federal and the state governments.
There are seven hundred
and seventy four (774) local government in Nigeria but this study will be
restricted to only Kwara State, it will be restricted to a selected local
government which is Ilorin West Local Government.
1.5 RESEARCH HYPOTHESIS
The analysis of the data was based on
the descriptive approach of the question are distributed the descriptive
analysis was need to analyze the secondary data collection such as financial
management.
In order to make the analysis more
clearer to the researchers and the public, the data gathered would be
represented in form of a tabular
representation for easy and accurate understanding, to enable everybody arrive at
a reasonable conclusion.
Ho: Local government do not contribute to economic
growth of the nations.
Hi: Local government contribute to economic growth of
the nations.
1.6 SIGNIFICANCE
OF THE STUDY
The
sources of any local government council depends to a great deal on the
management of financial obviously. Money is the life and blood of all
government activities likewise over body.
It is in realization of this fact
management tired to adopt effective financial administration order to achieve
the aim and objective of the local government.
In
summary, the administrative role of local government is concerned with how
decision are made and implemented. The existence of local government facilitate
and efficient and effective planning recruitment of capable personal and
payment of wages and salaries to the local government workers.
It is
duty of local government to see that the revenue and other find of local
government is applied to administrative development and welfare of the
inhabitants and to see that financial policy of the local government is carried
out accordingly.
1.7 RESEARCH METHODOLOGY
The research methodology in this chapter
involves all the methods and ways which financial management can be evaluated
(Ilorin West Local Government as the case study). As the economic growth the
financial aspect became an increasingly deep and broad and its structure also
become increasingly sophisticated the financial operation of local government
account is governed by certain rules and regulation which are subjected for
amendment or review in line with politics social and economic changes. These
are other financial issues of local government is comprehensively discussed in
this project.
1.8 PLAN OF THE STUDY
The research work has been divided into
five chapter for case presentation of the fact and figure gathered.
Chapter
one contain the introduction, problem of
the research, aim and objectives, scope and limitation of the study.
Significance of the study, research methodology, research hypothesis, plan of
the study definition of terms.
Chapter two treats past and current
literature review which includes, definition of local government, local
government objective, source of local government revenue, financial management
role impact of financial management in local government.
Chapter three highlight research method
and case study effort on the topic which includes, research methodology, method
of data collection, random sampling, population sampling.
Chapter four discusses the presentation
and structural of Ilorin West Local Government, data analysis and presentation
of finding, interpretation of findings, result of hypothesis.
Finally, chapter five throw light on the
summary of finding recommendation.
1.9 DEFINITION OF TERMS
i. Financial
management: Financial management deal with all the method adopted to make
sure local government is judiciously spend.
ii. Accounting
information: This deal with all the records available that shows how
revenue is generated and how its been spart i.e. the revenue and expenditure
will be analyzed.
iii. Administrative
role of local government: This is concerned with how decision are made and
implemented in the local government level.
iii.
Finance:
This is refers to the total money that belong to the local government which
came from different. Sources e.g. allocation from the state government marriage
registration fees, birth registration fees etc.
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