PROBLEM AND PROSPECTS OF REVENUE GENERATION IN NIGERIA LOCAL GOVERNMENT A CASE STUDY OF GWALE LOCAL GOVERNMENT COUNCIL, KANO STATE
Abstract
The federal system of government shares the responsibilities of governance among the various levels that form the federation. Similarly, the finances of the federation are distributed among the federating units such that each level receives adequate funds to perform its functions without undue influence from another level. This is done through the process of fund transfer in which the higher-level government transfers funds to the peripheral units to enable them to develop rural communities where the majority of the citizens live. Therefore, this study examined the problems and prospects of revenue generation in Nigerian local government with reference to Gwale local government council, Kano state as a study area. The study employed only primary method of data collection with 108 staff of Gwale local government council, Kano state as sample size for the study. The study employed survey approach through cross sectional design. Five points likert scale questionnaire ranging from strongly disagree to strongly agree was used, while statistical percentage via pie chart-histogram and graphs were used as method of data analysis. The findings of the study revealed that, the relevance of internally generated revenue (IGR) towards community development in local government cannot be overstated by highlighting its significance. Internally generated revenue plays a pivotal role in driving community development within local governments. It serves as a vital source of funding for various developmental projects and initiatives aimed at improving the quality of life for residents. The study recommended among others that, there is need for treasury department of Gwale local government to develop and implement comprehensive cash management policies that outline procedures for cash handling, disbursements, and reconciliation. These policies should establish clear guidelines for managing cash inflows and outflows, including strategies for optimizing cash flow, minimizing idle cash, and prioritizing payments
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