ASSESSMENT OF FINANCIAL MANAGEMENT CHALLENGES IN LOCAL GOVERNMENT

Abstract

This research work examined the contributions of Assessment of Financial Management in Local Government: Problems and Prospects (A CASE Study of Ikot Ekpene Local Government Council). In order to achieve the objectives of this study, the survey research method was adopted, while convenience sampling technique was used to select fifty (50) respondents as sample size for the study. Instrument for data collection was a self-developed questionnaire. Method of data analysis employed was the percentage analysis. The study revealed that the problems assessment of financial management in local government include; proper accountability from the higher level to the lower level in the local government that statutory allocation is a source of funds, and that inadequate formed personnel is a problem in local government finance. The study recommended that local government should show serious capacity to generate their internally generated revenue and employ competent staff to manage local government funds.