THE OVERVIEW OF LOCAL GOVERNMENT FINANCE IN THE NEW MILLENIUM

1.1BACKGROUND OF THE STUDY
Finance has been a problem facing the government.  The government of Nigeria is made up of the federal, state and local government which is preferably called the three tiers of government.  But however, this work is only limited to the local government. Local government forms the third tier of government in Nigeria.  The aim of creating local government is to decentralize government so that local government which is nearest to the people will enable the people to participate in development process of their area. Local government is also referred to as government at this grassroots level. To carry out its function, the local government must have readily available finances.  This is because the need for finance is very important in any establishment. In defining what finance is various perspectives from different aspects are recognized? 1.The layman understands finance as the volume of money held as cash and cash balances at bank. 2.The investor sees finance as the possession of funds when it is needed for investments. 3.The academics sees finance as the discipline that studies the science of funds management, which includes the institutions that are involved in sourcing funds such as the money market institutions, insurance market institutions and mortgage market institutions etc. These guidelines help in generating funds and funds management.
TABLE OF CONTENTS
Title pageApproval pageDedicationAcknowledgementProposal
CHAPTER ONE: INTRODUTION1.1Background of the study1.2Statement of problem1.3Objective of the study1.4Significance of the study1.5Scope and limitations of the study1.6References
CHAPTER TWO: LITERATURE REVIEW2.1Need for local government2.2Local government source of fund2.3Local government organizational structure2.4The concept of financial administration2.5Definition of terms2.6References
CHAPTER THREE: SUMMARY3.1Summary of findings3.2Conclusion3.3RecommendationBibliography