Revenue Generation in Local Government Councils in Nigeria

REVENUE GENERATION IN LOCAL GOVERNMENT COUNCILS IN NIGERIA. A CASE STUDY OF OBAFEMI/OWODE LOCAL GOVERNMENT Submitted by DAIRO ISAAC KUNLE Dept. Of Economics, University of Ibadan RESEARCH PROPOSAL INTRODUCTION Local governments are potentially very important for Nigeria as they play a significant role in generating revenue and encouraging civil involvement, as well as creating a visible link between taxes and service delivery. The increasing cost of running government coupled with dwindling revenue has left various local governments in Nigeria with formulating strategies to improve the revenue base. Despite the numerous sources of revenue available to the various tiers of government as specified in the Nigeria 1999 constitution, since†¦show more content†¦It study seeks to:- * Identify the various sources of internal revenue available to local government council; * To examine the prospect of improving the internally generated revenue of local government council; * Spotting of factors militating against effective revenue collection in the local government; and * Proffer solution to identified problems. JUSTIFICATION OF THE STUDY Good governance is good money. Revenue generation can play a significant role in improving local government efficiency and reducing local government dependency. This essay would provide positive suggestion on how to improve the financial position of the local government councils. Secondly, it will provide useful suggestions on how to effectively manage problems of revenue generation. Thirdly, it will provide useful suggestions on the budgetary control system the council can embark upon. Lastly, this work will help researchers, individuals, organizations, higher levels of government and also local government councils on how to enable them meet their obligations. SCOPE AND LIMITATIONS The theory of public finance is a field of economics that is concerned with paying for collective or governmental activities, and with the administration and design of those activities. The proper role of government provides a starting point for the analysis ofShow MoreRelatedStrategies for Improved Revenue Generation in Local Governments2986 Words   |  12 PagesIMPROVED REVENUE GENERATION IN LOCAL GOVERNMENTS 1.0 INTRODUCTION Local governments operate at the grassroots and are expected to provide services to their stakeholders. 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