STRATEGIC PLANNING AND PROJECT PORTFOLIO MANAGEMENT IN LOCAL GOVERNMENT

Strategic planning and project portfolio management is panacea to under-funding of the local governments in Nigeria today in view of the fact that the statutory allocation to that tier is grossly inadequate to sustain development programmes. There is the need to initiate viable projects that could generate revenue to supplement what is obtained from the Federal Pool Account. In identifying and selecting such viable projects, one requires carrying out investment analysis and the criteria for doing that include profitability dividends, price/earning ratios. In addition that the local councils should formulate and execute strategy and action plans judiciously in order to achieve the desired goal. Such desired dream can only be realized if there is effective and free-corrupt leadership on ground.