THE PROBLEM OF EFFECTIVE UTILIZATION OF REVENUE AVAILABLE TO LOCAL GOVERNMENT IN NIGERIA

ABSTRACT

This research work focused on the internal revenue generation of Oredo Local Government of Edo State State; we examined the source of revenue generation of Oredo Local Government. These sources include- the external and internal sources. External sources are defined as the statutory allocation and grants –in-aid from Federal and State Government to Oredo local council. Internal sources are those sources by which the local government can raise revenue constitutionally aside from the statutory allocation and government grants to Oredo local government. All these two sources were well treated in details in this work. We also mentioned in this work that grants from both the federal and state government form the external revenue of the local government. We went further to examine the strength and ability of the Oredo local government to explore especially the internal sources of revenue in order to maintain financial balance. Facts and figures as presented in the tables were used to demonstrate how the local government depends more on external sources for its revenue generation.