IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 11 NO. 5 2025
DOI: 10.56201/ijssmr.vol.11no5.2025.pg307.325

---

Evaluation of Fundamental Concerns of Public Financial Management and Efficient Reform Infrastructure: The Case of Nigeria

Chima Christian Chukwuka, Agusimba Samuel Ndubuisi, Obiah Emmanuel

---

Abstract

The efficiency of the public service is largely driven by an efficient public financial management (PFM), which has a core responsibility of promoting public finance in allocating resources, distributing goods and services, and in stabilizing the economy. The joint effects of these thrusts are the promotion of the citizens’ welfare and the development of the nation. Against the backdrop of the perceived inefficiencies of PFM the study evaluated them on the framework of the fundamental concerns of PFM and the extant reform infrastructure .The study sourced its input data from both the secondary and primary sources ,on the basis of which descriptive survey and explanatory research design were used..The secondary sources were garnered from the relevant budget statistics in Nigeria, from 2010 - 2021.On the other hand the primary data were derived from the outcome of a 30-item structured questionnaire on designated respondents in the South East of Nigeria on the perceived inefficiencies in the following areas: information communication and technology( ICT),budget system, revenue allocation machinery, machinery for public procurement and payroll, the financial reporting system ,and the institutional arrangements for fraud control .The polychotomous variables ,the likert ratings with varying values ,were used to quantify the responses while the statistical tool of Analysis of Variance (ANOVA) was used to analyze the data. The findings unveiled poor performance arising from inadequate IT penetration, unwholesome cashless support policy in the face of the dominantly unbridled cash mentality attitude. Others included poor legal infrastructure, inadequate crime fighting arrangement and leadership challenge. In conclusion the work recommended increased reform agenda to propel proven creditability in government operations, patriotic disposition of the citizens in being rule-compliant and the re-orientation of shared mindsets, with al

keywords:

Public Financial Management, reforms, efficiency, evaluation, public service.

---

References:

ACCA Global Guidance Note on Public Financial Management (2013). Retrieved from
https://www.accaglobal.com
Adams, R. A. (2022). Public Sector Accounting & Finance – Lagos: Book Source Nigeria
Ltd
Adegbie, F., Dada, S, et al (2020). Application of Forensic Accounting Techniques as Anti-
date for Furbing fraud in Nigeria Budget Implementation. International Journal of
Research Science and Management, 7(8), ISSN: 2349-5197, 12-21 DOI:
https://doi.org/10.29121/ijrsm. V7 . i8 2022.3
Adejola, A.P. (2012). International Public Sector Accounting Standards (IPSAS): A Practical
Implementation Guide for Students and Professionals. Abuja: White Knight
Consulting Publications
Aimuan, E.E., & Aigbe, E. (2019). The Application of Information and Communication
Technology in Revitalizing Public Service Delivery in the Nigerian Public Sector:
An Assessment of the Prospects and Challenges. Being a paper delivered at the
National Festival for Arts and Culture
Akinpelu, Y (2019). How Federal Lawmakers steal under the guise of constituency projects –
ICPC. Retrieved from https://premiumtimesng.com
Brusca, I. & Labrador, M. (2016). Budgeting in the Public Sector. Retrieved from
https://www.ink.springer.com
Chima, C.C. (2017). Cash Resources Management in the Public Sector – The Treasury Single
Account (TSA) Paradigm. Proceedings of 1st National Conference of ASUP Imo
State Polytechnic Chapter, held at Umuagwo, 25-27th Oct, PP 822-831
Court, E.R. & Iwedi .M.(April,2024).”Public Sector Financial Management Reforms and
Government
Expenditure
in
Nigeria.
Finance
and
Accounting
Research
Journal,Vol.6,Issue 4,pp567-579.Doi:10:51594/farj.V614.1024
Ekpong, E. (2001). The Essentials of Public Finance and Public Financial Management in
Nigeria. Calabar: Calabar Press.
Eme, O.I. &Chukwurah, D.C. (2015). Addressing Revenue Leakages in Nigeria. Arabia
Journal of Business Management and Management Review, Vol. 5. No. 4., 1-19
Fowokon, T. (2012). IFRS Adoption in Nigeria – Tax Implications. Being paper presented at
a seminar on IFRS Adoption in Nigeria organized by the Chartered Institute of
Taxation
of
Nigeria
(CITN).(https://www.docstoc.com/docs/89676635/IFRS-
adoption-in-Nigeria-Tax-implications)
Hagemann,H.(February,2021)
“Richard
Musgrave”.
Retrieved
from;
https://www.researchgate.net/publication/349408156.
https://corporatefinanceinstitute.com
https://enim.wikipedia.org
https://kalyan-city.blogspot.com
https://www.nber.ng
https://www.pwc.com.publications
https://www.semanticscholar.org
Lawson, P. (2015). Public Finance Management. Retrieved from https://www.gsdrc.org
Mohammed, A.B. (2006). The Functions of Public Finance Management, being a paper
delivered at the National Training Workshop on Public Finance Management: Issues
and Challenges to Engender Optimal Fiscal Efficiency and Revenue Mobilization in
Nigeria, held in Jos
Mohammed, O. (2021). Is Nigeria’s Tech. Industry about to overtake the oil
sector.www.africanliberty.org
Nwaiwu, J.N. & Joseph, B. (2021). Accounting System and Payroll Fraud in Local
Governments in Nigeria. Middle European Scientific Bulletin, Vol. 12, 224-238
Okoye, E. I. (2013). An Evaluation of the Effect of Fraud and Related Financial Crimes on
the Nigerian Economy. Kuwait chapter of Journal of Business and Management
Review, Vol. 2 No. 7
Ola, R.O.F. & Offiong, O.J. (2008). Public Financial Management in Nigeria. Lagos:
AMFITOP BOOKS
Olowu, O.F. &Adeyeni, O.S. (2021). The Gains and the Pains of Integrated Payroll and
Personnel Information Systems (IPPIS) Policy Implementation in Nigeria, Journal of
Human Resource Sustainability Studies, Vol. 9 No. 4.
Oyedekun, G.E. (2016). Imperative of Treasury Single Account in Nigeria. International
Journal of Information and Economic Development, Vo. 7 Issue 6, 46-47
Sam-Tso Kwa, A.T. & Ngara, C. O. (2016). The National Assembly and the Budget Process
in Nigeria’s Fourth Republic: Tracking the Challenges of Timeliness. Canadian
Social Science, Vol. 12 No. 5.
Sanni, K. (2021). ICPC Uncovers N20 billion Project Duplication, Personnel Budget Fraud in
MDAs. Premium Time, November 30, 2021
Shaibu, K. & Mohammed, A. (2016). Electronic Payment System and Challenges in Gombe
State: Evidences from the Office of the Accountant-General of Gombe State,
Nigeria. Journal of Humanities and Social Sciences, Vol. 21, Issue 4, Vol. 06.
Sharfritz, J.M. & Russell, E.W. (2005). Introducing Public Administration, 4th ed. New York:
Pearson Longman
Tran,T.T.(May,2023). “Thomas Hobbes’’ View on the subject of “Leviathan “.Journal of
Namibiam
Studies
:History
,Politics,Culture,Vol33
Issue
1,pp561-
573.Doi:10.59670/jn5.V.33i.451
Ulbrich, H.H. (2011). Public Finance in Theory and Practice. 2nd Ed., New York: Routledge
Viprond,
T.
(2023).
What
is
Public
Finance.
Retrieved
from
https://www.corporatefinanceinstitute.com
World Bank Group (2021) https://www.worldbank.org
Yakubu, D. (2022). FG Saves N124bn yearly from IPPIS, Digitization. Being extract of
speech by the Head of Service of the Federation on the 43rd National Council on
Establishments, held at Abuja, 24th-28th January 2022.
Yekini, N.A. (2014). Information Communication Technology (ICT) (Concepts and
Applications), Vol 1 Sango-Ota: Yekmua ICT & Educational Research Centre
Zubairu, S.A. (2016). Public Financial Management Reforms in Nigeria. Being a paper
presented at the 23rd ESAAG Annual International Conference held at Kenyatta
International Conference Centre, Nairobi, Kenya, 7th – 10th March

DOWNLOAD PDF

---

Back