Problems And Prospects Of Financial Management In The Local Governments System (a Study Of Owerri Municipal Council)

ABSTRACT  The problem under investigation is “problems and prospects of financial management in local government system”. The researcher is well aware that accounting and financial reporting in the public sector particularly at the local government level was not given adequate attention. The purpose of this study is to identify and examine the problems of the local government finances and account; and ascertain the prospects of improving sources of local government finances. The study posed the following question: what are the sources of local government finances? What are the causes of underu…