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Regulatory Guidelines and Procurement Lead Times in World Bank-Funded Projects in Nigeria

Augustine Etim Effiong, Herbert U. Nwoke (PhD), Kelechi Enyinna Ugwu (PhD)

Abstract

The purpose of this study is to examine the impact of regulatory guidelines on procurement lead times in World Bank-funded Akwa Ibom projects. The study employed the survey method and stratified random sampling method to ensure representation across different stakeholders who constituted the population for the study. Questionnaires were administered to the participants. Data collected were analysed using Pearson correlation techniques. The findings of research hypothesis showed that regulatory guidelines significantly positively impact procurement lead times in World Bank-funded Projects in Akwa Ibom State. The results of the research hypothesis showed that regulatory guidelines had a significant positive effect on the major era of the World Bank in Akwa IBom State. Therefore, values close to r = +1 indicate a strong (positive) linear correlation between x (regulatory guidelines, RG) and Y (procurement lead time, PL). The study recommends that regular training programs for employees and local stakeholders are necessary to improve understanding of World Bank regulations and procurement standards.

Keywords

Assessment; Compliance; Procurement Lead times; Procedures; Projects

References

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