An Assessment of Budget Approval in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.1(2)2021.007Keywords:
Budget Approval, Corruption, standard deviation, skewness, Lack of finance, NigeriaAbstract
The study examined the problems and resolution of budget approval in Nigeria. Data were collected from primary sources through questionnaires administered. The study covered both junior and senior staff of budget unit and departments in the faculty of management sciences; Federal University of Oye-Ekiti, Ekiti State and SPSS statistic was employed for data analysis using variance, standard deviation, skewness and others. The findings of the study showed clearly that budget monitory has a great impact on budget approval. The study concluded that people of grass root should be given a proper attention during the budget preparation, corruption should be totally erased from individual mind which would go a long way to improve budget execution; and check and balance should be put in place with the use of information technology for proper monitory of budget implementation.
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