This work is undertaken in response to the vexed question of mismanagement improper harnessing of revenue and ineffective control and accountability of local government finance in Nigeria. no doubt there has been a trend of mismanagement of the council revenues. This situation dove fails to the last millennium and has adversely affected grassroot development. It calls for a reversal of the friend for proper generation of revenues, for proper accountability of funds available to the councils for even development etc in the new (third) millennium. 
    To realize these onerous objectives this research is made it attempts at analyzing the problems and prospects of the third tier of governments in the third millennium of our Lord. 
    However this research work is confined to Igbo-Etiti local government council, Enugu since we cannot review the writes 774 local government councils in the country within limited scope of the reason for this confinement is obvious. It is informed by the nature and character of the academic respondent with its peculiar scope and limited resources to do otherwise within the circumstance would have been unusual " a situation analogous to stretching the skin of a rat to cover an elephant. 
    The project undergous for chronological chapters with the first chapter highlighting the introduction with its background, scope, significance etc. 
    Chapter to reviews available literature  on the problem and underscores the structure, constitutional basis and reforms of the local government systems, their revenue sources and expenditures their statutory roles etc. the project reaches its climase in the third chapter which is the over-view of Igbo-Etiti local government finance in the third millennium of our Lord as a case study of local government finance in Nigeria. 
    The study is wound up in the fifth chapter with summary of findings, recommendation and conclusion. This was facilitated by the presentation. Analysis and interpretation of Data in Chapter four. 

TABLE OF CONTENTS
Title page                                    II
Approval page                                 III
Dedication                                     IV
Acknowledgement                             V
Abstract                                     VII
Table of contents                                 IX

Chapter one                 
1.0    Introduction                             1
1.01    Background of the study                         1
1.02    Statement of the problem                     2
1.03    Objectives of the study                         3
1.04    Significance of the study                         4
1.05    Scope and limitation of the study                 5
1.06    Statement of hypothesis                         7
1.07    Definition of terms                         8
1.08    Research design and methodology                 10

Chapter two 
2.0    Literature review                             12
2.01    What is local government?                    12
2.02    Local government administrative structure             13
2.03    History of local governments in Nigeria (local government reforms)                     16
2.04    Functions of local government                     18

Chapter three 
3.0    An over-view of Igbo-Etiti local government finance in the new millennium                                 21
3.01    Igbo-Etiti local government sources of revenue in the new     millennium                             21
3.02    Problem and prospects of Igbo-Etiti local government finance in the new millennium                             24
Chapter four 
4.0    Presentation, analysis and interpretation             29
4.01    Test of hypothesis                             32

Chapter five     
5.0    Summary of findings, recommendation and conclusion 
5.01    Summary of findings                         34
5.02    Recommendations                         35
5.03    Conclusion                                 36
 Bibliography                             37
Appendix                                 39