TABLE OF CONTENTS
Cover Page
Fly Leaf – – – – – – – – – i
Title Page – – – – – – – – – ii
Declaration – – – – – – – – – iii
Dedication – – – – – – – – – iv
Acknowledgements – – – – – – – – v
Abstract – – – – – – – – – vi
Table of Contents – – – – – – – – vii
List of Tables – – – – – – – – xi
List Appendices – – – – – – – – xii
List of Abbreviations and Acronyms – – – – – – xiii
CHAPTER ONE
INTRODUCTION
- Background of the Study – – – – – – 1
- Statements of the Problem – – – – – – 3
- Objectives of the Study – – – – – – 4
- Research Questions – – – – – – – 4
- Research Hypothesis – – – – – – – 5
- Significance of the Study – – – – – – 5
- Scope and Limitations of the Study – – – – – 6
- Organization of the Study – – – – – – 6
- Operational Definition of Key Terms – – – – 6
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 Conceptual Review – – – – – – – 8
2.1.1 Importance of Fund Management in the Local Government – – 9
2.1.2 The Principles of Fund Management – – – – – 9
2.1.3 Motives for Holding Fund in the Local Government Council – 10
2.1.4 Risk Associated with Fund Holding in the Local Government Council 11
2.1.5 Measures use in Fund Management Procedures and Policies – – 11
2.1.6 Principle Officers of the Local Government that are
Responsible for Fund Management – – – – – 12
2.1.7 Source of Revenue for Uyo Local Government Council – – 15
2.1.8 Reason why Federal Government gives Grants to Local Government – 17
2.1.9 Elements of Fund Management in Local Government Council – 18
2.1.10 Importance of Fund Planning in the Local Government Council – 18
2.1.11 Cash Collection and Cash Disbursement in the
Local Government Council – – – – – – 20
2.1.12 Elements of an Effective Fund Management Programmes – – 22
2.1.13 The Principles and Practice of Local Government – – – 22
2.1.14 The Purpose of Creating Local Government – – – – 23
2.1.15 Functions of the Local Government – – – – – 24
2.1.16 Problems of be Encountered in the Local Government for
Poor and Fund Management – – – – – – 25
2.1.17 Measures adopted for Proper Fund Management in the
Local Government Council – – – – – – – 26
2.1.18 Concept of Performance – – – – – – 27
2.1.19 Internal Measures for Managing Local Government Performance – 31
2.1.20 External Measures for Managing Local Government Performance – 32
2.1.21.1 Local Government Authorities and Regional Coordinating
Councils Interface – – – – – – – – 32
2.1.21.2 Local Government Authorities and the District Assembly
Common Fund Interface – – – – – – 34
2.1.21.3 Local Government Authorities and the Ministry of
Local Government Interface – – – – – – 35
2.1.22 Challenges with the Implementation of Plans and its Implication for
Managing Local Government Performance – – – – 37
2.2 Theoretical Review – – – – – – – 40
2.3 Empirical Review – – – – – – – 42
2.4 Summary of Related Literature – – – – – 44
2.5 Research Gap – – – – – – – – 44
CHAPTER THREE
METHODOLOGY
3.1 Research Design – – – – – – – 45
3.2 Area of the Study – – – – – – – 45
3.3 Population of the Study – – – – – – 45
3.4 Sample Size and Sampling Technique – – – – 45
3.5 Source and Nature of Data – – – – – – 46
3.6 Methods of Data Collection/Instrumentation – – – 46
3.7 Method of Data Analysis – – – – – – 46
3.8 Theoretical Specification of Model – – – – – 47
3.9 Empirical Specification of Model – – – – – 47
3.10 Ethical Issues – – – – – – – – 48
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
4.1 Presentation of Data – – – – – – – 49
4.2 Analysis of Research Questions – – – – – – 50
4.2.1 Research Question One – – – – – – 50
4.2.2 Research Question Two – – – – – – 51
4.2.3 Research Question Three – – – – – – 53
4.2.4 Research Question Four – – – – – – 54
4.2.5 Research Question Five – – – – – – 55
4.3 Test of Hypothesis – – – – – – – 55
4.4 Discussion of Findings – – – – – – 59
CHAPTER FIVE
FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings – – – – – – 60
5.2 Conclusion – – – – – – – – 60
5.3 Recommendation – – – – – – – 61
5.4 Implication of Findings – – – – – – 62
5.5 Contribution to Knowledge – – – – – – 63
5.6 Suggestions for Further Study – – – – – 63
References
Appendices
ABSTRACT
This study was undertaken to examine the relevance and important of fund management in the Local Government Council, a case of Uyo Local Government Council. To achieve the objective of the study, research questions and hypothesis were formulated to guide the researcher. The study was carried out using survey design where ninety nine (99) respondents were drawn using the Yamane’s technique while the data analysis employed was single regression to test the hypothesis as well as the research question. Findings from the study revealed that, fund management has a significant effect on the Local Government in terms of revenue and expenditure, from the period 2010 – 2019 which made the alternated hypothesis (H1) to be retained while the null hypothesis (H0) rejected at -1.85955 level of significant. It was revealed that proper fund management plays an important role in the attainment of objectives of the Local Government Council. Findings are revealed that factors like poor planning, weak internal control system and waste spending hindered its effectiveness. It was based on the result that recommendation were made that management should establish an effective internal control system of revenue and expenditure to check disbursement. This research concluded that if Local Government Council implements these recommendations mentioned, there would be no misappropriation of funds deficit in the system.
CHAPTER ONE
INTRODUCTION
- Background of the Study
The genesis of a uniform Local Government system in Nigeria is traceable to the 1996 Local Government reform policy, initiated by General Mohamed and Obasanjo’s regimes.
Prior to the aforesaid administration, there was no uniform system of Local Government in Nigeria and policy formulation and decision making on matter relating to Local Government were primarily undertaken by Federal and State Government.
These reforms involved the creation of seven hundred and seventy four Local Government Councils recognized as a third their of government, to streamline the administration and allocation of responsibilities in order to ensure that Local Government serve as a catalyst to economic development at grass root level (Abraham, 2010).