ABSTRACT
Finance is an essential feature of every
organization necessary for its growth and survival. Hence, people refer to it
as "the lifeblood of every business". However, the effective
management of finance of an organization by the financial manger utmost
importance. In this way, there is a close relationship between finance and financial
management. Financial management involves the capital sourcing (financing) and
the capital uses (investing) of a farm. Financing describes the management of
capital sources, while investing describes the management of capital uses.
Thus, financial management is the business function that deal with the
management of capital sources and uses so as to attain desired goals. Be that
as it may financial management will in a very long way influence the
performance of my organization. The topic of this research work is: the
influence of financial management on local government performance, a survey of
some selected local government areas of Abia State to address this topic, four
research questions were constructed and sample population of 240 was
considered. From the response collected through the questionnaire, it was
discovered that financial management influence performance of the local
government. That poor administration influence financial management, that
corruption affects financial management of the local government and that state
local government joint account affects the financial management of Abia State
Local Government Areas. The researcher therefore recommended that the local
government should employ professional's qualified treasurers and accountants.
That they should give strong attention to budgetary policy. That the joint
account allocation committee be abolished, so that the statutory allocation
from federal government will come directly to the local government account.
Owing to the fact that financial management in Nigeria local government is at
present far from satisfactory, a change need to be made to improve the public
image of local government and enable it perform its statutory function of
providing essential services to the people at the grassroot.
KANU, T (2024). The Influence Of Financial Management On Local Government Performance, A Survey Of Some Selected Local Government Areas In Abia StateKanu Nwaburuoke T. Repository.mouau.edu.ng: Retrieved Oct 10, 2024, from https://repository.mouau.edu.ng/work/view/the-influence-of-financial-management-on-local-government-performance-a-survey-of-some-selected-local-government-areas-in-abia-statekanu-nwaburuoke-t-7-2
TIMOTHY, KANU. "The Influence Of Financial Management On Local Government Performance, A Survey Of Some Selected Local Government Areas In Abia StateKanu Nwaburuoke T" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 30 Aug. 2024, https://repository.mouau.edu.ng/work/view/the-influence-of-financial-management-on-local-government-performance-a-survey-of-some-selected-local-government-areas-in-abia-statekanu-nwaburuoke-t-7-2. Accessed 10 Oct. 2024.
TIMOTHY, KANU. "The Influence Of Financial Management On Local Government Performance, A Survey Of Some Selected Local Government Areas In Abia StateKanu Nwaburuoke T". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 30 Aug. 2024. Web. 10 Oct. 2024. < https://repository.mouau.edu.ng/work/view/the-influence-of-financial-management-on-local-government-performance-a-survey-of-some-selected-local-government-areas-in-abia-statekanu-nwaburuoke-t-7-2 >.
TIMOTHY, KANU. "The Influence Of Financial Management On Local Government Performance, A Survey Of Some Selected Local Government Areas In Abia StateKanu Nwaburuoke T" Repository.mouau.edu.ng (2024). Accessed 10 Oct. 2024. https://repository.mouau.edu.ng/work/view/the-influence-of-financial-management-on-local-government-performance-a-survey-of-some-selected-local-government-areas-in-abia-statekanu-nwaburuoke-t-7-2