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Published Article
LOCAL GOVERNMENT AUTONOMY AND PROPER MANAGEMENT OF FUNDS: A PANACEA FOR RURAL DEVELOPMENT
This
study examined local government autonomy and proper management of funds, as a
panacea for rural development. Local governments, as the third tier of
government, play a fundamental role in bringing governance closer to the people
by addressing grassroots needs such as infrastructure, education, healthcare,
and economic development. In the context of carrying out this research, the
following subheads were explore among many others: concept of local government
autonomy, concept of proper fund management and concept of rural development.
Furthermore, the study mentioned that one of the effects of local government
autonomy on rural development was that Local
government autonomy was crucial particularly in improving service delivery,
infrastructure, and economic empowerment. The study further stated that one of
the effects of proper
management of funds on rural development was that it fostered sustainable rural development, ensuring that
financial resources are allocated efficiently to improve infrastructure, healthcare,
education, and economic growth. Internalizing investment management, leveraging
artificial intelligence and enhancing active management strategies to mention
but a few were mentioned as the ways to improve upon funds management in Local governments. Based
on this, the study concluded that Local government autonomy was vital for
driving rural development by enabling efficient resource allocation and
decision-making. One of the recommendations made was that the government should
strengthen legal frameworks to guarantee full autonomy for local governments,
reducing excessive interference from higher authorities.
KEYWORDS:
Local Government, Autonomy, Management, Funds and Rural Development
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