Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD
📄 Download Paper

The Impact of ICT Adoption on Financial Management Efficiency in Federal Polytechnics

Samauna Nuhu, Alhaji Kawugana PhD, Usman Ibrahim Zwal, Usman Adamu Ibrahim

Abstract

This study examines the impact of Information and Communication Technology (ICT) adoption on financial management efficiency in Federal Polytechnics in Nigeria. ICT has revolutionized the way educational institutions manage their finances, providing opportunities for accuracy, accountability, and transparency. Using a descriptive survey design, data were collected from bursary and finance departments across selected Federal Polytechnics in North-East Nigeria. Descriptive and inferential statistics, including regression analysis, were used to determine the effect of ICT adoption on financial management efficiency. Findings revealed that ICT adoption significantly enhances efficiency in budgeting, revenue collection, expenditure control, reporting, and auditing. However, challenges such as inadequate ICT infrastructure, poor maintenance culture, limited technical skills among staff, and irregular power supply hinder optimal ICT utilization. The study recommends continuous investment in ICT infrastructure, staff training, integration of automated financial systems, and adoption of cloud-based accounting solutions to strengthen accountability and improve financial management processes in Federal Polytechnics.

Keywords

ICT adoptionFinancial managementFederal PolytechnicsEfficiencyAutomation

References

Akpan, I. E. (2021). ICT and Financial Accountability in Nigerian Public Institutions. Nigerian Journal of Public Administration, 17(2), 45–59. Adebayo, T., & Ogunyemi, A. (2021). ICT adoption and financial management in Nigerian tertiary institutions. Journal of Public Administration and Management, 12(3), 45–60. Adeyemi, S. L., & Jegede, C. T. (2017). The impact of ICT on financial reporting in public universities. International Journal of Education and Management, 5(2), 112–121. Eze, S. C., Okoye, L. U., & Chinedu, M. (2019). Challenges of ICT implementation in Nigerian universities: A case study approach. Journal of Educational Technology, 8(4), 203–216. Federal Ministry of Education (2021). Annual Education Sector Performance Report. National Board for Technical Education (NBTE) Reports (2022). Nwankwo, P. C. (2019). Financial management practices in Nigerian polytechnics: The role of ICT. African Journal of Accounting and Finance, 10(1), 75–89. Okoro, T. & Bello, A. (2020). Evaluating the Role of E-Governance in Tertiary Institutions. Journal of ICT and Governance, 8(1), 15–28. Okolie, U. C. (2020). Financial management efficiency in Nigerian tertiary institutions: Problems and prospects. Nigerian Journal of Financial Studies, 15(1), 25–40. Owolabi, S. A., & Dada, O. (2018). Effect of ICT usage on financial transparency in Nigerian public institutions. Journal of Financial Accountability, 7(2), 90–105.

More Articles from RESEARCH JOURNAL OF MASS COMMUNICATION AND INFORMATION TECHNOLOGY

Media Ownership Structure and Responsible Journalism: Implications for Media Accountability and Democratic Governance in Nigeria

Author: Nimaa, Tornebari Justice

The Digital Public Sphere in Nigeria: A Review of Politeness, Dissent, and Identity in Online Comment Sections

Author: Ife Ajepe

Crowdsourcing Truths: A Participatory Fact-Checking Tool for Nigerian Citizens on X Platform

Author: Owen, Eric Chukwuemeka, Prof. G. B. Nsereka, Preye Brisibe PhD

Utilization of Public Relations Strategies in Strengthening Examination Integrity in South-South Nigeria

Author: Egwurugwu, Barikuma Chike, Prof. R. N. Amadi, Prof. B. G. Nsereka, S. C. Joe PhD

Influencer Persona as Critical Identity: Construction, Audience Engagement and Sociocultural Implications for Social Media Celebrities in Rivers State

Author: Ihuoma, Ugochi Chukwuka, Prof. F. A. Amadi, Harcourt W. Dike PhD, C. J. Njoku PhD