IMPACT OF FINANCE MANAGEMENT ON REVENUE GENERATION IN NIGERIA (A CASE STUDY OF ABUJA MUNICIPAL AREA COUNCIL (AMAC) ) FCT ABUJA)

Local government in Nigeria has internal a lot in management of its finances both in the revenue allocation from the federal government down to the states who sees the local government allocation as her birth right. In spite of all efforts made by the federal government, the states still short change the local government by cutting her allocations. It is as a result of these shortages in revenue to the local government of the underdeveloped rural areas in Nigeria that brought about this research. “An Appraisal of Financial Management in Public Sector”. The topic was chosen to ascertain the effects of managing the finances of local government, and proffer solutions where necessary and make recommendations that may help review the entire system. However, to portray the topic, it was found in the test of hypothesis that problems and prospect of managing finances of local government was as a result of administration. The data for this study were collected from primary source, and the primary data were collected mainly from the questionnaire. The data collected were Analyzed using simple percentages and presented in tables. The method specification for the test of hypotheses is chi-square. From the analysis, it was discovered that is the effects and benefits of managing the government finance many respondents agreed that the problems of managing government finance is depend on the official of the government and misadministration is found too to be a problem of managing the government finance as also show clearly on the questionnaire frequency table. The research recommended that For government to perform their role in the society the federal and state government need to give total and sustained commitment to ensure development. Such commitment should be in form of prompt release of local government and an effort should be intensified to recruit specialised manpower for the treasury dependent, because experience has shown that these affect the financial performance of each local government, and also as a matter of necessity the internal and external audit of the government is restricted to facilitate quicker detections of fraud and error the audit alarm system should be effectively put to use.