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Assessing the Effective Management of Financial Resources among Community Based Organizations in Metropolitan Lagos

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  • Jubril.O.Jawando

    (Department of Sociology, Lagos State University, Ojo, Nigeria)

  • Funmilayo A.Tanimola

    (Department of Sociology, University of Ibadan, Ibadan, Nigeria)

Abstract

The paper examines the effective management of financial resources among community based organization (CBOs) in metropolitan Lagos. Using the community action model as its theoretical leaning, 40 in-depth interviews and 16 key informants were selected for the study. The findings show that majority of the respondents affirmed that CBOs provide the platform for organizing, planning and executing plans with community resources for developmental projects for the wellbeing of its members. Also, the study established that the issue of financial management has been the bane of most of the CBOs in the communities. It was observed that there is high level of financial mismanagement by executives, high-handedness, executives holding on to power, cover up, favouritism and corruption. The paper conclude that there is the need to establish a strong supervisory and regulatory authority that will be backed by law consisting of various stakeholders in various fields of human endeavours.

Suggested Citation

  • Jubril.O.Jawando & Funmilayo A.Tanimola, 2023. "Assessing the Effective Management of Financial Resources among Community Based Organizations in Metropolitan Lagos," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(1), pages 609-618, January.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:1:p:609-618
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    References listed on IDEAS

    as
    1. Lex Drennan & Lochlan Morrissey, 2019. "Resilience policy in practice — Surveying the role of community based organisations in local disaster management," Local Government Studies, Taylor & Francis Journals, vol. 45(3), pages 328-349, May.
    2. Barr, Abigail & Dekker, Marleen & Fafchamps, Marcel, 2015. "The Formation of Community-Based Organizations: An Analysis of a Quasi-Experiment in Zimbabwe," World Development, Elsevier, vol. 66(C), pages 131-153.
    3. Arcand, Jean-Louis & Fafchamps, Marcel, 2012. "Matching in community-based organizations," Journal of Development Economics, Elsevier, vol. 98(2), pages 203-219.
    4. Yakubovich, A.R. & Sherr, L. & Cluver, L.D. & Skeen, S. & Hensels, I.S. & Macedo, A. & Tomlinson, M., 2016. "Community-based organizations for vulnerable children in South Africa: Reach, psychosocial correlates, and potential mechanisms," Children and Youth Services Review, Elsevier, vol. 62(C), pages 58-64.
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