Revenue Generation In Local Government Areas (problems And Prospects)

ABSTRACT

The adverse situation in the various local government areas of Nigeria has led the researcher to go into this very topic. Hence, the purpose of this work is to enlighten people, mostly students in the school of financial studies on how revenue is generated in local governments, problems confronting them as regards revenue generation as well as prospects to the problems.

However, local governments are expected to use the fund generated in embarking on income earning projects, projects, that come under fee or bill charging utilities like portable water, electricity, construction of market squares etc.

However, before fund can be generated, one must make ways of getting the funds like grants given to local governments for some purposes by the federal government. The central government also determines the sources, extent, purpose and maximum duration for which borrowing is to embark upon by the local government and not just going ahead to borrow.

Local government raise loans to purchase plants and equipment, as well as other projects whose costs are too great for them to embark on at a time.

Furthermore, local authorities in Nigeria are responsible for the establishment and maintenance of public motor parts, bad roads, market squares etc.

It is therefore recommended for students in the school of financial studies at all level (who will be opportune to lay hands on this write up) as a ground for the much needed funds internally generated revenue to facilitate projects execution by local governments. 

TABLE OF CONTENTS

TITLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGEMENT   

ABSTRACT

TABLE OF CONTENTS

CHAPTER ONE:

1.0INTRODUCTION

1.1STATEMENT OF PROBLMS

1.2OBJECTIVE OF THE STUDY

1.3SIGNIFICANCE OF THE STUDY

1.4SCOPE, LIMITATION AND DELIMITATION

1.5DEFINITION OF TERMS

CHAPTER TWO:

REVIEW OF RELATEDLITERATURE

2.0EXTERNAL SOURCES OF FUNDS

2.1FINANCIAL TRANSFER

2.2.GRANTS

2.3.LOANS

2.4INTERNAL SOURCES OF FUNDS

2.5PERSONAL INCOME TAX

2.6COMMUNITY TAX 

2.7LOCAL RATES

2.8FEES AND CHARGES

2.9COMMERCIAL UNDERTAKINGS 

2.10COURT FINES AND FEES

CHAPTER THREE:

RESEARCH METHODOLOGY

3.0SOURCES OF DATA

3.1LOCATION OF DATA

3.2ANALYSIS OF DATA

3.3  RESEARCH   POPULATION

 

CHAPTER FOUR:

SUMMARY OF FINDINGS

4.0 SUMMARY

CHAPTER FIVE:

RECOMMENTION AND CONCLUSION

5.0RECOMMENDATION

5.1CONCLUSION 

BIBLIOGRAPHY