REVENUE GENERATION IN LOCAL GOVERNMENT AREAS: PROBLEMS AND PROSPECT
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 government problems confronting them as regards revenue generation as well as prospects to the problems.
However local government is expects to use the funds generated in embarking on income earning projects; projects that come under fee or bill charging utilities like portable water electricity construction of market squares.
However before fund can be generated one must make ways of getting this funds like grants given to local government for some purpose by the federal government. The central government also determines the source extent purpose and maximum dilation 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 re responsible for the establishment and maintenance of public motor parks bad roads market squares etc.
It is therefore recommendation 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 government.
CHAPTER ONE
Introduction
1.1 Statement Of Problem
Local government council as third and last tier of government is faced with this primary function of bringing as close as possible the impact of government to people of a particular locality. Impacts such as government regulatory policies government protected service government development projects e.g. road net work hospitals school markets pipe borne water etc.
This primary function of the local government has in recent times faced a lot of set back due to insufficient revenue emaciating from the councils liability to generate (internal) revenue from the local dwellers. This problem cannot be over- emphasis as it has become a major concern to both he state and federal government
In relation to the above stated problem the researcher will be investigating on why and how this problem can be tackled for be tackled for better efficiency of the local government.
1.2 Rationale Of The Study
This study “Revenue generation in local government Areas is considered necessary for various essential reasons. As a matter of fact since we all know that development of any area depends on the revenue generated. This revenue generation in local government area enables the area to carry out some development project such as electricity water and road construction project etc.
1.3 Significance Of The Study
The inhabitants of the various local government areas of the nation (NIGERIA) will have the course to enjoy the affirmative results to certain extent of all or part of these problems to revenue generation in local government are properly tackled. Hence such myriad of problem of revenue generation which also gives rise to untold hardship will generally be under control or a thing of the past.
This will become a tool for most local government area to a speedy set-up of some strategies which will enable them to generate their revenue easily and as well as executing their project effectively. This study will be of paramount significance to the society mostly to those students in school of financial studies (banking & finance) who are making or intending to carry out research in the problems that confront most local government in Nigeria on revenue generation.
This will also give potential market men and women as well as other residence of various local government areas to comply with their respective local government councils as regards payment of tax rates charges etc.
Finally it will enable the researcher to have an in-depth knowledge of the study. Therefore the significance of this study is by no virtue exhaustive.
1.4 Definition Of Terms
Taxation:
This is one of the ways local government generation revenue. It is a compulsory levy imposed by the local government on most of the entire members of the society who are capable of paying tax or who are expected to pay tax.
Personal Income:
This is a form of direct tax which is levied on the wages salaries and other earnings of individuals. In assessing this kind of tax certain allowances (wife children dependent relative allowance etc) are deducted this balance is then taxed to determine this amount to be paid as tax.
Loan:
Loan can be described as financial aid with interest payable. Sometimes local government borrow money in from of loans from other bodies like: bank, state government federal (if possible) etc to enable them execute their project when they are in short of fund. However this loan is payable at a given interest rate over a specified period of time.
Rent & Royalty:
These re payment made to the local government body by hose who make use of local government properties such as : Land, building e.t.c
Grants:
Grants are said to be financial aids without interest. This implies that grants are forms of gift granted to local government by a body (federal state or any other body without paying back.
Charge Fines & Fees:
These are among the means of generating revenue by the local government they are payments made to local government by those who indulge in one commercial activity or the other. Such fees are: motor licensee fees road /bridge tolls market fees e.t.c
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Revenue Generation in Local Government Areas: Problems and Prospect can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Revenue Generation in Local Government Areas: Problems and Prospect" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Revenue Generation in Local Government Areas: Problems and Prospect" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Maritime Fraud and Its Effect on Competitiveness of Nigerian Port” be used as a guide for Transport Management Technology Project?
Yes it can be used — Maritime fraud is an international trade transaction involves several parties – buyer, seller, ship owner, charterer, ship’s master or crew, insurer, banker broker or agent. The study was carried out to examine the Maritime Fraud and its Effect on Competitiveness of Nigerian Port. In achieving this aim, the following specific objectives were laid out to examine the level of maritime fraud, identify how the maritime fraud can be combated and identify how the maritime fraud can be combated. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 250 (two hundred and fifty) respondents were selected for this study to represent the entire population of …
Can this topic “Assessment of Mass Media and Government Restriction in the 21st Century” be used for Mass Communication (MC) Project?
Yes it can be utilized for research — Governance restriction in the 21st Century strategies has been generally poor at integrating media and communication issues into their analysis, research and strategic plans. The study was carried out to investigate the Mass Media and Government Restriction in the 21st Century using Twitter Ban as a case study. In achieving this aim, the specific objectives were laid out to examine the positive impact of Government Restriction on Twitter Ban in the 21st Century, examine the impact of twitter ban on Nigeria citizens using twitter as a source of revenue for small and medium scale enterprise or business and determine whether twitter social media have enhanced the productivity of small and medium scale enterprise owners in Nigeria. The influence of mass …
Can the material for “Design and Implementation of a Prototype Student Performance Evaluation System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Performance evaluation of students in institution is a necessity and this is done based on the Grading system adopted by a school. Computation of Grade point average (GPA) is done manually and this is time consuming and tedious. This project views the present system of computing GPA and attempts to convert the process from the manual one into a computerized one in order to reduce time spent in computing students GPA especially in the final year. Microsoft Visual BASIC programming language was used because of its powerful features. …
Can this topic “The Problem of Financing International Trade in Nigeria” be used for Banking and Finance (BF) Project?
Yes it can be utilized for research — This research work tries to give an insight into the issue of the problems of financing international trade in Nigeria from the period (`1990-1995). This study is aimed at analyzing Nigeria’s foreign transactions during and after (SAP) periods. The work is organized into chapters to easy comprehension and deduction. Chapter one deals with the introduction, Background, statement of problems, purpose / objective of the study, significance of the study, limitations of the study and the definition of terms. Chapter two involves a review of related literature, international cash flow in trade, roles, risk factor in international cash flow in trade, major problems, trade restriction major and cash flow problems. This chapter also treat, the important of international trade, and some underline issues towards the cash …
Can this topic “Influence of Motivation on Pupils Academic Performance” be used for Early Childhood Education Project?
Yes it can be utilized for research — The study was carried out to investigate the Influence of Motivation on Pupils Academic Performance. Investigation revealed that the pupils in the school setting need to be motivated if they would achieve high academic performance. Teachers, who are in the habit of motivating their students get the benefits of it because those students motivated in terms of rewards such as praises and using other patterns of motivation, out-perform other children who are not motivated by their teachers. Children who are not motivated tend to perform very low in their academic pursuits. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Primary data were collected from the primary …
Can the material for “The Impact of Financial Management on the Development of Local Government Council” be used as a guide for Public Administration (PA) Project?
Yes it can be used — The research work evaluates, “The impact of financial management on the development of local government council”. The study aims at determining the extent to which management and staff are involved in the development effort and the extent to which financial management has contributed to the overall performance of the organisation. The research was carried out by administering questionnaires and interviewing the management and staff of Eti-Osa local government council. It was revealed that organisation with success edge are those who place high premium on achieving excellence in people. It is therefore concluded that the impact of financial management on the development of local government council is actually worthwhile. Hence, for organisation to survive in the highly competitive global world, recommendation of this …
Can the material for “Fraudulent Act in the Banking Industry Causes Effects and Possible” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — There were so many difficulties which this research work was confronted with bank officials were so reluctant to give out helpful information of this problem and there was also the cost of research and limited time for acquisition analysis and prop or interpretation of data effort was mode bys the researcher to personally visit places where the above secondary data were located. In the absence for the need for primary data question pairs administration was deeined unqualified there fore every material used in the research writing were completely work done by other people personal effort was only employed in tracing out relevant information needed for the project. After due analysis of the available secondary data the researcher discovered the statistical data …
Can the material for “The Effect of Employment on Sandwich Graduate At the Labour Market” be used as a guide for Education Project?
Yes it can be used — The study examined the effect of employment on sandwich graduate at the labour market, case study of University of Lagos. In this study, relevant and related literature review was carried out under sub-headings. The descriptive research survey was used in order to assess the opinions of the respondents with the use of the questionnaire and the sampling technique. A total of 200 (two hundred) respondents were selected and used as samples of this study to represent the entire population of the study. A total four (4) null hypotheses were formulated and used in this study. The test instrument was the t-test statistical tool at 0.05 level of significance. At the end of the exercise, the following results emerged: there is a …
Can the material for “The Roles of Middlemen in the Channels of Distribution” be used as a guide for Business Administration and Management (BAM) Project?
Yes it can be used — This project work titled the “Role of middlemen in channel of distribution” an important element in the marketing mix of any form, is the system of marketing channels through which products and services are distributed to the final consumers or ultimate users. A marketing channel is a loosely connected system comprising of a manufacturer, middlemen and the ultimate users. Wholesalers and retailers are the functional middlemen for manufacturers. The writer described the problem under study and the relative importance of the study. There is also the destination of channels of distribution and that of middlemen who are involved in the distribution of goods and service to their place of use. It is seen here that channel of decisions is very vital …
Can the material for “Assessment of the Effective use of the Teaching and Learning of Business Education” be used as a guide for Business Education Project?
Yes it can be used — The research work is aimed at ascertaining the Effective Use of the Teaching and Learning of Business Education in National Open University of Nigeria (NOUN). In achieving this aim, the following objectives were laid out to examine the effect of the use of instructional materials in teaching on the academic achievement in business education, determine the factors affecting the performance of student in business education, determine the relationship between the use of instructional materials in teaching and students academic performance in business education, discuss on the effect of management decision on the availability of instructional materials for teaching and learning business education, and proffer solution to the above stated problems. Business education is an aspect of the total education, which …