Public Fund Management System at Local Government Level in Nigeria

Abstract

Management of public fund is an integral to the management of both human and material resources at federal, state and local government level. World over, developing and developed nations altogether have observed that decentralized service delivery can result in quicker benefits than with centralized systems.  The aim of this paper is to critically examine the concept of management of local government funds in Nigeria.  The methodology employed by the paper is by the use of secondary data and observation.  Some of the findings include management of local government funds must include participation of the locals in decision making, direction, accountability, fairness and performance.  Some of the recommendations of the paper include popular participation of the people should be encouraged; efficient machinery put in place to monitor and supervise the management of local government funds; so also the management of local government funds be supervise by the locals on a regular basis so as to ensure strict compliance to the rules of the revised financial memoranda.

Keywords: Public Fund Management, Local Government, Nigeria.