Challenges of Financial Management in Nigerian Local Governments

Abstract

Financial management in local government like in other levels of government is challenging in terms of sources and management. The study employed secondary data and thematically analysed and the study found that Nigerian local government are challenge in terms of (a) Budgeting; which involves the process of resource generation, allocation and managements. (b)
Accountability aims at honesty and judicious use of public funds, and (c) Control, which provides organizational structures for effective implementation. The study therefore recommended that for the desire of Local government management of financial challenges in Nigeria. the funds meant or allocated to the local government councils from the federation account and state internally generated revenue should properly utilized by financial managers in the local government system within the purview of financial rules and regulations.