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  DOI Prefix   10.20431


 

International Journal of Managerial Studies and Research
Volume 2, Issue 5, 2014, Page No: 9-16

Local Government Funding: Entrepreneurial Perspective to Internally Generated Funds (IGR)

ABOSEDE 1, Adebiyi Julius PhD 2, AKINTOLA 2, Olugbenga Adeyanju 2

1.Department of Business Administration Faculty of Social and Management Sciences Olabisi Onabanjo University Ago-Iwoye
2.Department of Educational Foundations and Management, Faculty of Education Olabisi Onabanjo University Ago-Iwoye

Citation : ABOSEDE, Adebiyi Julius PhD, AKINTOLA, Olugbenga Adeyanju, Local Government Funding: Entrepreneurial Perspective to Internally Generated Funds (IGR) International Journal of Managerial Studies and Research 2014 , 2(5) : 9-16

Abstract

Effective governance at the third tier level (local government) requires regular funding coupled with ability to locally raise additional funds. This position has become necessary because of the inadequacy of funds statutorily allocated from the federal and state governments. It is therefore our proposition that local governments in Nigeria should explore the entrepreneurial perspective to raising additional funds to ensure regular funds flow. It is therefore posited that local government can become entrepreneurial via direct involvement in entrepreneurial activities or making it possible for private entrepreneurs to invest within the local government and thus receive tenements and other levies. A mix strategy of public private partnership (PPP) can be adopted depending on the level of social development in the local government area


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