Challenges to capital budget implementation in Nigeria

Effiom, Lionel

doi:10.4314/afrrev.v13i3.15

Cited by 8 publications

(7 citation statements)

References 4 publications

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“…Though listed among the African Countries with high annual budget percentage allocation, Nigeria's allocation to education is below the 12% allocation of Burundi and Mozambique (After South Africa, 2020). Nigeria's situation is compounded by high corruption in budget implementation (Effiom and Edet, 2019;Nelson and Yebimodei, 2018).…”

Section: Findings and Discussionmentioning

confidence: 99%

Transparency/accountability and human capital development as software in Nigerias quest for economic development 2004 - 2020

Gado¹

2021

J. Econ. Int. Finance

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Section: Findings and Discussionmentioning

confidence: 99%

Transparency/accountability and human capital development as software in Nigerias quest for economic development 2004 - 2020

Gado¹

2021

J. Econ. Int. Finance

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“…The study's findings suggested that all factors had no significant influence on economic growth in the short run, and that they continue to have no significant influence on economic growth in the long run. Effiom & Edet (2019) examined the limits on Nigeria's capital budget execution. Primary data sources were a survey instrument produced and delivered to 200 respondents in 20 federal ministries, departments, and organizations located in two adjacent states in the country's south-south geopolitical zone.…”

Section: Objectives Of the Studymentioning

confidence: 99%

Budget Evaluation and Economic Development in Nigeria

Twaliwi

Ugwuanyi

Efanga

2021

JDMPS

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The major goal of this research was to see how budget assessment affected Nigeria's economic progress. The inspiration stemmed from a number of inconsistencies in the Nigerian economy's budget preparation and execution. This study employed an ex-post-facto design, with data gathered from the Central Bank Statistical Bulletin and the Federal Ministry of Finance for analysis. A model based on empirical and theoretical reviews was developed to attain this wide purpose. The model's dependent variable was the Human Development Index (HDI), while the model's independent variables were the government's capital budget, recurrent budget, and yearly budget implementation rate. To evaluate data, the researchers used the Ordinary Least Squares (OLS) Model. Budget assessment had a favorable and considerable influence on Nigeria's economic progress, according to the inferential findings. According to the report, Nigeria's government should make an effort to raise capital and recurring expenditures in its yearly budget, since both have a substantial influence on economic development. Finally, the government should make an effort to put in place effective budget monitoring and assessment equipment that will increase the rate of budget implementation while simultaneously ensuring strict adherence to due process.

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“…All of the variables tested had no affect on growth in the short run, but in the long run, they had no affect on growth. Nigeria's capital budget execution has been characterized by consistent difficulties over the last three years, according to researchers from Effiom & Edet (2019). This data was acquired from primary sources, which included mailing out a survey to 200 federal employees in two southern states in the South-South geopolitical zone.…”

Section: Empirical Reviewmentioning

confidence: 99%

An Empirical Evaluation of Budget Implementation on Economic Development in Nigeria

Etim

Efanga

2021

JAMREMS

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One of the primary goals of this study was to explore how a budget review approach may affect Nigeria's economic development. The reasoning was that the Nigerian economy was being challenged by a variety of imbalances in budget creation and implementation. The study strategy was based on events that occurred after the study was completed, and the data used in the study came from the Central Bank Statistical Bulletin and the Federal Ministry of Finance. A model was constructed based on both empirical and theoretical investigations in order to achieve this broad goal. The HDI, which was utilized as a measure of development, was the dependent variable in the model. The government's capital budget, recurrent budget, and the speed of annual budget implementation were the other independent variables in the model. They examined data using the Auto Regressive Distributed Lag (ARDL) Model, diagnostic tests such as the test of normality, auto correlation test, and heteroskedasticity test, which proved the validity and reliability of the model they chose; inferential results reveal that the use of budget evaluation had a positive and significant impact on the Nigerian economy. According to the study's suggestions, Nigeria's government should try to increase capital and recurrent expenditures in its annual budget, both of which have a significant impact on economic development. Finally, the government should work to build budget monitoring and review infrastructure that will aid in the effective implementation of large budget expenditures while also ensuring compliance with legal procedures.

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Challenges to capital budget implementation in Nigeria

Cited by 8 publications

References 4 publications

Transparency/accountability and human capital development as software in Nigerias quest for economic development 2004 - 2020

Transparency/accountability and human capital development as software in Nigerias quest for economic development 2004 - 2020

Budget Evaluation and Economic Development in Nigeria

An Empirical Evaluation of Budget Implementation on Economic Development in Nigeria

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