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

Michael Okpara University | 108 pages (17001 words) | Projects
Accounting | Co Authors: ONWUNALI ONYEDIKACHI

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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APA

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. Mouau.afribary.org: Retrieved Nov 28, 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

MLA 8th

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" Mouau.afribary.org. Mouau.afribary.org, 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 28 Nov. 2024.

MLA7

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". Mouau.afribary.org, Mouau.afribary.org, 16 Sep. 2021. Web. 28 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 >.

Chicago

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" Mouau.afribary.org (2021). Accessed 28 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

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