An Exploratory Evaluation of Dominant Individual on Budget Process in Nigeria: A Content Analysis Perspective
Journal Title: Asian Journal of Economics, Business and Accounting - Year 2017, Vol 2, Issue 2
Abstract
This study evaluates the consequences of dominant individuals on budget preparation in Nigeria; the main objective was to suggest ways of getting out the jinx of continual and repeated adverse budget preparation in Nigeria. The methodology used in the study is content analysis method. The empirical review revealed that the activities of dominant individual ranges from budget padding, chief executives of ministries, departments and agencies (MDAs) normally settling lawmakers and sometimes build in the interests of legislators in their budget proposals. These actions invoke lack of transparency and failure of the budget to meet the international standards. The implications of this finding include the gap existing between budget formulation and development projects due to poor resource allocation practices and resource management. This study hinged on public interest theory. We therefore recommend the establishment of budget office at the national assembly to advise lawmakers on the complexities on national budgets and in line with the anti-corruption stand of the current administration, all abuse of powers and privileges by public and elected officials in all arms of government must be prosecuted, public officers should be sacked while elected officials ban from contesting political office.
Authors and Affiliations
Sani Usman Gurowa, Usman Muhammad Abdulwahab, Osifo Imuetiyan, Ali Jude Igyo
Keywords
Related Articles
- EP ID EP338538
- DOI 10.9734/AJEBA/2017/30531
- Views 58
- Downloads 0
The Prospects of Agriculture in Nigeria: How Our Fathers Lost Their Way - A Review
The Nigerian agricultural sector was a resilient sustainer of the economy and the Nigerian people in terms of food supply, employment and national income generation. This was possible as a result of focused regional base...
Accountability and Transparency Hurdles of Post Democratic Regime in Nigeria: Economic Implications
With increasing activities of separatists and agitators for self independence taking a heavy toll on the sovereignty of Nigeria, more curiosity has once again been drawn to the accountability strength, transparency quali...
A Survey of Literature on Theory and Empirics of Efficient Market Hypothesis
This survey organizes and summarizes existing theoretical and empirical seminal works on Efficient Market Hypothesis (EMH) for educational purposes. The theoretical models focus on random walk model which describes the b...
Соrpоrate Sосіal Respоnsіbіlіty Repоrtіng (СSRR) by the Bankіng Іndustry іn a Develоpіng Eсоnоmy
Aims: To evaluate the corporate social responsibility reporting praсtісes amоng the commercial banks in Ghana. Study Design: The study is a survey and adоpted bоth quantіtatіve and qualіtatіve apprоaсh (mіxed methоd) a...
Career Planning Strategies and Skills of Ho Polytechnic Students, Ghana
This study seeks to examine how important career planning is to students, to determine sources of information use in making future career decisions, determine career planning activities being employed by students and to...