ABSTRACT
The study was carried out to analyses assessment of local government borrowing on socio economic development (a case study of oredo local government area of Edo state), Nigeria, the research was carried out if there is any positive or negative impact of local government on social economic development, the study explores the impact of local government within local jurisdictions. Local governments often rely on borrowing to fund infrastructure projects and public services essential for community development. However, the implications of borrowing on socioeconomic outcomes such as employment, income levels, overall community well-being are multifaceted and required through examination. By analyzing the borrowing patterns, financial management practices and developmental outcomes across various local governments, this study aims to provide a comprehensive understanding of how borrowing influences socioeconomic development. Data was collected through administration of questionnaire to selected respondents data analysis of the research questions was done using the frequency count and percentage, regression analysis.
Key findings from the study are expected to contribute to policy formulation and decision-making processes, offering insights into the optimal use of borrowing for sustainable development, recommendations will be proposed based on empirical evidence to enhance the effectiveness of borrowing strategies in achieving long-term socioeconomic goals at the local government level.
Keywords: local government borrowing, socioeconomic development, infrastructure investment, fiscal policy.
