INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 10 NO. 8 2024
DOI: 10.56201/ijssmr.v10.no8.2024.pg351.362


The Nexus of Budgetary Control Systems and Financial Accountability in Ministries, Departments and Agencies (MDAs) in Ondo State, Nigeria

OLEMIJA Temidayo Lawrence and SAMUEL Samson Ojeme PhD, FCA


Abstract


This study investigates the effect of budgetary control systems on the financial accountability in Ondo State's Ministries, Departments, and Agencies (MDAs). A structured, close-ended questionnaire collected primary data from the targeted budget officers. Out of 163 budget officers in Ondo State MDAs at the time of the study, 151 were purposively selected, and all returned the completed questionnaires. The correlation analysis tested the hypothesis regarding the effect of the examined budgeting and budgetary control systems on financial accountability in the public sector. The analysis revealed a positive and statistically significant correlation coefficient of 87.65% (Cr = 0.8765; p-value = 0.001) at the 0.05 level. This indicates that improvements in budgeting and budgetary control systems will likely enhance financial accountability in Ondo State's public sector. The study concludes that prioritizing budget planning is essential to achieving financial accountability in Ondo State MDAs. It recommends that increased adherence to personnel budget ceilings should be given prompt attention to improve financial accountability in the state further.


keywords:

Budgetary control, financial accountability, public sector


References:


Abdullahi, Y. A., & Lawal, B. A. (2020). Budgetary control systems and financial accountability
in public sector organizations in Nigeria. Journal of Accounting and Finance in Emerging
Economies, 6(2), 161-175. https://doi.org/10.26710/jafee.v6i2.1059
Adediran, O. S., & Oladele, R. I. (2018). Challenges of budgeting control in Nigeria. International
Journal of Social Sciences and Management, 5(1), 11-22.
Adeoye, P. (2018). Budget Control and Economic Development in Nigeria. Journal of Public
Finance and Budgeting, 40 (2), 67-84.
Adeyemo, R. (2016). Budget implementation and economic growth in Nigeria: An empirical
analysis. International Journal of Economics, Commerce and Management, 4(4), 11-20.
Ahmed, I., & Muktar, M. (2020). Budgeting control reforms and public sector performance in
Nigeria. Journal of Public Budgeting, Accounting & Financial Management, 32(3), 401-
Ajibola, I., Samuel, S.O., & Akinola, A.O., (2024). Budgetary control and public sector financial
management in Nigeria. International Journal of Advanced Multidisciplinary research and
studies, 4(4), 603-608
Akanbi, O., & Olowa, O. (2019). Budget Implementation and Performance in Nigeria: An
Empirical Analysis. International Journal of Public Administration, 42 (7), 599-610.
Akindele, J. A., & Olajide, B. L. (2021). Budgetary control and financial performance of Nigerian
public sector: An empirical analysis. Journal of Public Administration and Policy
Research, 13(1), 45-56. https://doi.org/10.5897/JPAPR2021.0502
Akinola, A.O, Adegoke, K.O, Efuntade, O.O & Efuntade, A.O (2021). Investigating corporate
performance of fast moving consumer goods companies before and after the adoption of
IFRS in Nigeria. International Journal of Accounting and Financial Management, 7(1),
11-25
Akintoye, I. R., & Olusola, A. O. (2020). Budgeting control, corruption and inefficiency in
Nigeria's public sector. Journal of Public Administration and Governance, 10(1), 95-112.
Akinwunmi, A.A., & Akinola, A.O., (2019). Financial control and accountability in the public
Sector in Nigeria. European Journal of Accounting, Auditing and Finance Research, 7 (7),
89-98.
Ariyo-Edu, A. A., & Woli-Jomh, I. A. (2024). Budgeting and budgetary control and public sector
performance: A study of public sector in Kwara State, Nigeria. Fuoye Journal of Finance
and Contemporary Issues, 6(1), 15-30
Atah, C.A., Akeke, M.N.G., Akianiene, D.D. (2024). Budgetary control on the operation of small-
scale enterprises in Calabar South Local Government Area of Cross River State, Nigeria.
International Journal of Economics and Business Management, 10 (1), 151-162
Bello, A. S. (2021). Budget implementation and transparency in Nigeria: Challenges and
prospects. Journal of Public Budgeting, Accounting & Financial Management, 33(1), 89-
Dare, C.T., Akinola, A.O & Wahab, A.O. (2022). Government Budgets and Economic
Development in Nigeria: An empirical investigation. International Journal of Social
Sciences and Management Research, 8 (5), 123-135.
Efuntade, A.O, Efuntade, O.O, & Akinola, A.O., (2020). Capital expenditure and impact of
taxation on economic growth in Nigeria. International Journal of Business Management
and Technology, 4 (5), 147-158.
Efuntade, A.O, Efuntade, O.O, & Akinola, A.O., (2020). Tax revenue and its impact on
government expenditure in Nigeria. The International Journal of Business and
Management, 8 (9), 279-286
Etale, L., & Idumesaro, B. (2021). Assessing the relationship between budgetary control and
performance: A case study of Bayelsa State, Nigeria. Journal of Public Administration,
30(2), 88-104.
Eunice, R.C & Iwedi, M. (2024). Public sector financial management reforms and government
expenditure in Nigeria. Finance and Accounting Research Journal, 6 (4), 567-579.
Ezugwu, C. I., & Emecheta, A. C. (2021). Budgetary control practices and performance of selected
local government areas in Nigeria. International Journal of Financial Research, 12(4), 30-
https://doi.org/10.5430/ijfr.v12n4p30
Harun, H., Carter, D., Mollik, A.T. & An, Y. (2020) ‘Understanding the forces and critical features
of a new reporting and budgeting system adoption by Indonesian local government.
Journal of Accounting & Organizational Change, 16(1), 145–167.
Ibrahim, A., & Gbadamosi, A. (2021). Budgetary control systems and the financial performance
of public sector organizations in Nigeria. International Journal of Business and
Management Invention, 10(2), 30-40.
Iyoha, A. E. (2021). Impact of budgeting and budgetary control in tertiary institutions (A Case
Study of Edo University, Iyamho, Edo State). African Scholar Journal of Humanities and
Social Sciences, 20(6), 12-22.
Jayalakshmi, M., Shetty, J. H., Poornima, H., Sumithra, N., Vernekar, C. R. M., & Shedthi, A.
(2023). Impact of the budgetary control on organisation performance. Journal of Survey in
Fisheries Sciences, 10(3S), 1664-1670
Jibrin, I. M., & Umar, S. S. (2017). Budgeting and budgetary control in Nigeria: A tool for public
administration reform. International Journal of Business, Economics and Management,
4(5), 146-159.
Keng’ara, R., & Makina, I. (2020). Effect of budgetary processes on organizational performance:
A case of marine state agencies, Kenya. Universal Journal of Accounting and Finance,
8(4), 115-130.
Mamidu, A.I & Akinola, A.O., (2020). The Nigerian public sector: Matters arising on financial
management and auditing procedure. International Journal of Empirical Finance and
Management Sciences, 2 (2), 38-48.
Nkwede, J. O., & Osuala, E. E. (2021). Public financial management and accountability in Nigeria:
Budgetary controls in perspective. Journal of Economics and Sustainable Development,
12(5), 83-91. https://doi.org/10.7176/JESD/12-5-10
Nwosu, O. (2018). Budgetary Control and Corruption in Nigeria: An Empirical Investigation.
Journal of Accounting and Finance, 18(7), 61-76.
Obong'o, C. O. (2020). Effect of budgetary control systems on financial accountability in public
sector institutions in Sub-Saharan Africa: A case study of Kenya. African Journal of Public
Sector Development and Governance, 3(1), 77-98. https://doi.org/10.46404/ajpsdg.v3i1.81
Olatunji, S., & Gbadebo, A. (2021). The impact of budgeting and budgetary control on financial
performance in Nigeria’s public sector. Journal of Public Budgeting, Accounting &
Financial Management, 33(2), 211-229. https://doi.org/10.1108/JPBAFM-11-2020-0163
Olawale, T. M., & Adebayo, S. T. (2020). Effectiveness of budgetary control and accountability
in the Nigerian public sector: An analysis of ministries and parastatals. Journal of
Economics,
Finance and Administrative Science, 25(49), 92-109.
https://doi.org/10.1108/JEFAS-12-2018-0147
Oluwaseun, A. A., & Agwu, O. N. (2020). Budgetary Control and Public Service Delivery in
Nigeria: A Case Study of Lagos State. International Journal of Business and Management,
15(1), 157-170.
Onodugo, V.A., Ifeoma, N., Grace, N., Obiamaka, P., & Okoyeuzu, C. (2021) Empirical
assessment of public sector reform in Nigeria: A trend analysis between 2000 and 2015.
Sumerianz Journal of Economic and Finance, 21(1), 20-45.
Osho, A. E. & Akinola, A. O. (2018). Usefulness of accounting theory and practice on large scale
organizations in Nigeria. European Scientific Journal, 14(31), 303-319.
Owolabi, S.A., Odunlade, O.A., & Izang, J.U., (2022). Government integrated financial
management information system and fraud prevention in Nigeria. Journal of Finance and
Accounting, 10 (3), 151-159.
Panyako, D. O., & Miroga, J. (2024). Budgeting process and financial performance of the County
Government of Trans Nzoia, Kenya. International Academic Journal of Economics and
Finance, 4(1), 299-320
Shehu A. (2020). Impact of government financial management reform on the financial
management practices in Nigerian u


DOWNLOAD PDF

Back