Evaluation Of The Relationship Between Government Finances And The Level Of Rural Development In Abia State/Nigeria A Study Of Selected Local Government Areas In Abia State
ABSTRACT
This project
is design to assess the relationship that exist between local government
finances precisely and the level of rural development in Abia State Nigeria In
quest of accuracy and adequately and due to the nature of the research work,
data were collected using only secondary method of data collection and analyzed
using descriptive statistics and inferential analysis. In order to form a
strong opinion, two null hypotheses were formulated and tested using
correlation and t-statistics. After the tests and analysis, it was found that
the federal allocation of local government contributes beyond 95% of the total
revenue generated. This made the local government to rely more on the external
sources of their revenue and become inadequate in terms of revenue generation
internally. It was found that there is a positive relationship between
government finances (local Government) and the level of rural development in
Abia state Nigeria from the test conducted. It was also proven that the
expenditure incurred by local government on rural development in their various
jurisdictions are not large or important enough to effect or be noticed on the
total revenue generated by the Local government as a result of poor financial
management, inadequate funds, disregard for financial regulations, embezzlement
of funds and corruption, etc. Based on these findings, some recommendations
were made which includes; Ensuring improvement in terms of internal revenue
generation to solve the problem of reliance on federal allocation, to ensure
prompt payment of staff salaries, prudence in financial resources management,
to avoid.
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MICHAEL, U (2021). Evaluation Of The Relationship Between Government Finances And The Level Of Rural Development In Abia State/Nigeria A Study Of Selected Local Government Areas In Abia State. Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-the-relationship-between-government-finances-and-the-level-of-rural-development-in-abia-statenigeria-a-study-of-selected-local-government-areas-in-abia-state-7-2
UNIVERSITY, MICHAEL. "Evaluation Of The Relationship Between Government Finances And The Level Of Rural Development In Abia State/Nigeria A Study Of Selected Local Government Areas In Abia State" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 16 Sep. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-the-relationship-between-government-finances-and-the-level-of-rural-development-in-abia-statenigeria-a-study-of-selected-local-government-areas-in-abia-state-7-2. Accessed 25 Nov. 2024.
UNIVERSITY, MICHAEL. "Evaluation Of The Relationship Between Government Finances And The Level Of Rural Development In Abia State/Nigeria A Study Of Selected Local Government Areas In Abia State". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 16 Sep. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-the-relationship-between-government-finances-and-the-level-of-rural-development-in-abia-statenigeria-a-study-of-selected-local-government-areas-in-abia-state-7-2 >.
UNIVERSITY, MICHAEL. "Evaluation Of The Relationship Between Government Finances And The Level Of Rural Development In Abia State/Nigeria A Study Of Selected Local Government Areas In Abia State" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-the-relationship-between-government-finances-and-the-level-of-rural-development-in-abia-statenigeria-a-study-of-selected-local-government-areas-in-abia-state-7-2