BUDGETING ROLE, INFRASTRUCTURAL DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA
Journal Title: European Journal of Business and Social Sciences - Year 2013, Vol 2, Issue 6
Abstract
This study examines the budgeting role, infrastructural development and economic growth vis-a-vis the political development of Nigeria with reference to Ogoja local government area of Cross River State as the case study. To carry out the study three major hypotheses were developed to collect relevant data for the study, research questionnaires was used, the data collected helped in testing the hypotheses, simple percentage and chi-square (x2) statistical tool serve as the statistical techniques used as the study methodology. In hypothesis one the calculated value was 21.09 while the table value was 31.41, the null hypothesis was accepted showing that ’’there is no significant relationship between budgeting and debt services in Nigeria’’. Hypotheses two the calculated value was 273.19 the null hypothesis was rejected accepting the alternate hypothesis showing that ’’there is a significant relationship between budgeting and infrastructural development in Nigeria’’. While hypothesis three the calculated value was 273.19, the null hypothesis was equally rejected, showing that ’’there is a correlation between budgeting and development of sub-economic sector in Nigeria’’. Based on the above findings appropriate recommendations were made as follows; the government should endeavor that proper implementation on the budget with regards to infrastructural development mostly at the grass root level, secondly, the government budgeting policies should positively impact on the sub-economic sector, which encompassing is the security and the heartbeat of any nation, showing that the government of the day promotes political development.
Authors and Affiliations
EDAME, GREG EKPUNG PhD (Corresponding Author)| DEPARTMENT OF ECONOMICS, FACULTY OF SOCIAL SCIENCES, UNIVERSITY OF CALABAR, CALABAR-NIGERIA. Email: gemedame@yahoo.com cc. gemedame@unical.edu.ng Phone: +2348038972991, EJUE, MADONNA ONENU| DEPARTMENT OF ECONOMICS FACULTY OF SOCIAL SCIENCES UNIVERSITY OF CALABAR,CALABAR –NIGERIA
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