ABSTRACT
The role of the third-tier of government in societal development has become
broader, deeper and even more sophisticated in the current dispensation. Thanks to the
numerous reforms which have been visited on local government within the last few
decades. In spite of this however, the performance of the third-tier so far in
developing the society, more especially the grassroots has been quite unsatisfactory. It
is in the light of this that this work dwelt on the control mechanisms and the
management of the funds of Local Governments in Nigeria using Anambra State as its
case study. Effective control mechanism is a pre-requisite for good financial
accounting to be achieved in the local government system. Local government
accounting aims at providing analysis of revenue and taxes realized and for this to be
adequately taken care of, there is need for the establishment of an effective and
efficient control mechanisms in the financial management of Local Government
funds. In view of the situation, this research attempts to address some pertinent issues
which include highlighting some of the control mechanisms provided in the Financial
Memoranda and other operating guidelines as well as the faithful application of these
mechanisms in the Local Government system. Attention was also paid to the factors
that hinders the successful application of these mechanisms. The research went further
to identify a number of findings which include the attitudes of the chairmen towards
internal control measures, non-adherence to the provisions of Financial Memoranda,
large scale corruption among career civil servants and the political officials, among
other myriads of findings. These findings were of course not without some negative
implications. We have identified some of them to include, low revenue base,
administrative ineptitude and inefficiency, gross underdevelopment of the grassroots,
unemployment among the teeming youths, abject poverty among the rural dwellers
and many more. However, the researchers also went ahead to proffer some useful
recommendations which if religiously implemented to the latter, there will be proper
financial accountability in the control and management of Local Government funds
and resources and the noble ideal of fostering development by way of efficient service
delivery to the local people will be greatly achieved.
.B, D (2021). Control Mechanisms And The Management Of The Funds Of Local Governments In Nigeria: A Case Study Of Anambra State. Afribary. Retrieved from https://afribary.com/works/control-mechanisms-and-the-management-of-the-funds-of-local-governments-in-nigeria-a-case-study-of-anambra-state-1
.B, DIBUA "Control Mechanisms And The Management Of The Funds Of Local Governments In Nigeria: A Case Study Of Anambra State" Afribary. Afribary, 14 May. 2021, https://afribary.com/works/control-mechanisms-and-the-management-of-the-funds-of-local-governments-in-nigeria-a-case-study-of-anambra-state-1. Accessed 22 Nov. 2024.
.B, DIBUA . "Control Mechanisms And The Management Of The Funds Of Local Governments In Nigeria: A Case Study Of Anambra State". Afribary, Afribary, 14 May. 2021. Web. 22 Nov. 2024. < https://afribary.com/works/control-mechanisms-and-the-management-of-the-funds-of-local-governments-in-nigeria-a-case-study-of-anambra-state-1 >.
.B, DIBUA . "Control Mechanisms And The Management Of The Funds Of Local Governments In Nigeria: A Case Study Of Anambra State" Afribary (2021). Accessed November 22, 2024. https://afribary.com/works/control-mechanisms-and-the-management-of-the-funds-of-local-governments-in-nigeria-a-case-study-of-anambra-state-1