Open AccessLocal government financial condition and sustainable development of communities in Nigeria
Author(s) -
Obal Usang Edet Usang,
Basariah Salim
Publication year - 2016
Publication title -
scholedge international journal of management and development
Language(s) - English
Resource type - Journals
ISSN - 2394-3378
DOI - 10.19085/journal.sijmd030102
Subject(s) - local government , revenue , sustainable development , state (computer science) , business , local community , order (exchange) , government (linguistics) , economic growth , finance , financial distress , community development , economics , financial system , political science , public administration , philosophy , algorithm , computer science , law , linguistics
This paper aims at examining the financial condition of local governments in Nigeria and to assess its implications on sustainable development of communities. Secondary data from 122 local governments for a period of three years were utilized in examining the financial conditions of local governments in Nigeria. Findings show that the financial condition of local governments in Nigeria is poor, indicating financial distress. Hence, the deteriorating state of communities as less is available for development. There is need for the development of revenue generating and management strategies by local government administrators in order to ensure sustainable community development.