FUNDS MANAGEMENT AND EFFECTIVE ADMINISTRATION IN NIGERIA (A STUDY OF OSISIOMA NGWA LOCAL GOVERNMENT AREA OF ABIA STATE)

Effective management of fund is a pre-requisite for the achievement of this aims objectives of the 1976 local government reforms for funds to be effectively and efficiently managed the segments of the care and custody of fund as provided by the revised financial memoranda 1991 and 1994 must be strictly adhered to and this would ultimately lead to enhanced performance and sustenance of the Nigerian Local Governments. The study was however conducted to examine fund management and effective administration in Nigeria, with reference to Osisioma Ngwa Local Government Area of Abia State. The main objective of the study was to examine fund management and effective administration of Osisioma Local Government Area of Abia State. The tap yam en’s statistical formula was however, used in the determination of sample size, while the x2 mathematical formula was adopted as the basis for data analysis. Findings from the study however show that, there is a significant relationship between fund management and effective administration of Osisioma others, that government should make adequate effort that the provisions of care and custody of funds are in the handle of the local government. This will adversely affect local government performance in Nigeria. Also, internally generated revenue should be judiciously used to enhance the local government administration.