The Sources Of Revenue And Budgeting In Local Governments

 As the need for development in every part of a sovereign nation arose, it became important a device a means through which the source of development will reach to every part in question.

The local government concept holds that the key to challenge all other developed areas and achieving a general goal concept of ability to give everybody in a given country, allocations according to what the person needs most. The local government is a tier of the government which gives room for the interest of people who live in local and remote areas.

The source of revenue and budget planning in local government start with a well defined administration in government, especially in federal and state government, which with the inclusion of the local government, make up the three tires of government.

By revenue and allocation and budgeting in local governments, the inhabitants needs are defined and planned for. This means that does inhabitants are also regarded as bona fide citizens and domiciles of the country, especially as it relate to the village where literate ones are in minority. The aim of creation of local government is to delight the citizens of the country. In fact, this is a higher standard an may be the secret of great politicians, all things being equal.

Coordinated political answers, that all the various government functions like, meaning of roads, licensing bicycles and wheel barrows, primary school building and so on are properly integrated and well coordinated with other tiers of the government[federal and state].

The most profitable aims of local government is to ensure that the allocations that is due for any local government is received and well budgeted so as to avoid lot of regrets in the expenditure in cured.

Several authors have started the need of local government revenue allocation and budget planning according to the way each author sees it, but most importantly, the different views of the author boils down to have the same meaning; increase in literacy terms, ensuring to good health and well being of people ant most importantly, expansion of development.

From what have been seen or read today, not every local government adopt the issue of revenue and budget planning.

Since development is a vital requirement of local government, it is conventional to regard it as a first purpose of a country especially in Nigeria. for we all know that it is possible to create many local government without a profit for a time, but it is not possible for it to survive for one day with out proper care by the federal and state government.

The local government allocation and budget planning in Nigeria can be traced back to less than 100 years ago. The activity of the transitional cooperation, the financial transaction of local government, the creation of the eastern, western, northern part of the country by the colonial men, all those required an institution of the form of revenue allocation and budget planning.

In the past the revenue allocation and budget planning is done by the federal government of Nigeria. This was very difficult because the need of those in remote areas are not well ascertained; therefore the problem continue to linger. Because of this fact, the federal government decided to split the major state of the country into other smaller states who have something in common so as to find it easier to determine how to place allocation and how these allocations are to be spent according to the budgets.

More so, this study is to find out, if these local government depend on the allocation by the higher government, or is their any other means in which a local government can generate revenue on its own and also budget based on that.

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