IDEAS home Printed from https://ideas.repec.org/a/ajp/jocrss/v4y2022i1p1-9id161.html
   My bibliography  Save this article

The Influence of Budget and Financial Control in Selected Government Parastatals in Nigeria

Author

Listed:
  • AJAYI Ibidolapo Ezekiel
  • DADA Samuel Obafemi

Abstract

The study examined budget and financial control in selected government parastatals in Nigeria. The survey research design was adopted in the study. Primary data was obtained using a well-designed questionnaire. Data gathered in the study was analyzed using descriptive, correlation analysis, logit regression analysis and other post estimation tests. Findings obtained in the study indicated that budget preparation exerts insignificant positive impact on financial control in Nigerian government parastatals with coefficient estimate of .034178 (p=0.195> 0.05); budget implementation exerts insignificant positive impact on financial control of Nigerian government parastatals with coefficient estimate of .0082354 (p=0.750> 0.05) and budget monitoring and evacuation exert insignificant positive impact on financial control, with coefficient estimate of .0468773 (p=0.234> 0.05). Premise on these findings, the study concluded that financial control on the average tends to increase as government parastatals experience effectual budget performance, with more budget preparation, implementation and monitoring and evaluation as opposed to the usual neglect of budget after implementation. Hence, it was suggested that government should ensure improvement in budget design; government should ensure adequate budget monitoring procedure and government should ensure viable budget evaluation procedure.

Suggested Citation

  • AJAYI Ibidolapo Ezekiel & DADA Samuel Obafemi, 2022. "The Influence of Budget and Financial Control in Selected Government Parastatals in Nigeria," Journal of Contemporary Research in Social Sciences, Learning Gate, vol. 4(1), pages 1-9.
    • Handle: RePEc:ajp:jocrss:v:4:y:2022:i:1:p:1-9:id:161
    as

    Download full text from publisher

    File URL: https://learning-gate.com/index.php/2641-0249/article/view/161/84
    Download Restriction: no
    File URL: https://learning-gate.com/index.php/2641-0249/article/view/161/239
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ajp:jocrss:v:4:y:2022:i:1:p:1-9:id:161. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Laurence (email available below). General contact details of provider: https://learning-gate.com/index.php/2641-0249/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.