Implication of budgeting and budgetary control on infrastructural development in Nigeria
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Date
2016
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Accounting, College of Social and Management Sciences, Afe Babalola University, Ado Ekiti, Nigeria
Abstract
In most developed countries, investment in infrastructures is a key determinant of economic growth and development. In Africa, Nigeria in this case is characterized by poor infrastructures due to an unsystematic investment in infrastructures development which has resulted to poor economic and social activities. On the other hand, budgeting is an exercise that is mainly concerned with the allocation of state resources amongst many competing societal needs. Therefore, this study examines the relationship that exists between the government annual budgeting and infrastructures in Kwara state. In achieving this objective and other specific objectives, two variables were identified; Budgeting, and Infrastructure. The primary source of data using a self administered questionnaire was used, and a non parametric tool (Kendall tau test statistics) was adopted in examining the association between the study variables. The result of the hypotheses tested shows a Kendall tau - b correlation of ..................
Description
Keywords
budgeting, budgetary control, infrastructural development, Nigeria
Citation
Fagbemi, T. O., Abogun, S., Noah, A. O., & Sakariyau, R. O. (2016). Implication of budgeting and budgetary control on infrastructural development in Nigeria. International Journal of Accounting and Finance, 1(1), 53-70