Successes And Failures Of Public Sector Accountability In Nigeria For The Period 1991 – 2002

Successes And Failures Of Public Sector Accountability In Nigeria For The Period 1991 – 2002

Chapter One

Preface

Background Of The Study

Every society is made up of individualities, who agree to come under one unit and to be governed as an reality for the society to serve effectively, some existent must manage its affairs as it affects the society over all good, be it fiscal thing, social thing or political thing. Against this background of managing the affairs of the society finances must be raised and used to achieve some of the thing of the society. The finances must rest in the hands of the people’s representatives, to be administered in such a way that maximum social benefit to be achieved.

To the extent of the finances contributed by the individualities and entrusted in the hands of representatives, services will be provides by the use of finances. ultimately also, these representatives won’t only keep guardianship of the finances, they will regard to the people who contributed to the finances. This is grounded still, on the being of full popular system of government.

Back then in Nigeria when the public sector account didn’t develop to any meaningful extent, until the coming of the British account for the public finances has been posing a lot of problem since the once 1991- 2002 period. It’s unfortunate that all sweats by the government to encourage public sector account didn’t achieve the asked outgrowth of furnishing acceptable information regarding the use of the public finances. Proper responsibility should demand that, the extent of fiscal performance of any government for the period ruled by the government.

Statement Of Problems

The bone of the problem of the Nigerian public sector has been the indecorous responsibility and operation of the taxpayer’s plutocrat entrusted in the hands of their representatives. These representatives have rather to wealth amassment at the charges of the taxpayers, when it was clear that little or no discipline was allocate on them. They would rather be given titles as an stimulant for their fraudulent practices.

Accordingly, there’s poor rate of development and veritably poor standard of living of the average taxpayer. The experimenter is thus interested in adding the mindfulness of the need for their trustees as their representative to duly regard for the taxpayers fund.

Ideal Of The Study

The cardinal objects of the exploration work are-

To find out to what extent, the public finances have been prudently employed to maximize his weal in Nigeria for the period of 1991- 2002.

ii. To ascertain the taxpayers station towards duty payment.

iii. To produce a general mindfulness on the part of the public finances to demand for an account from their representatives.

exploration Question

i) To what extent is responsibility institution working in the Nigerian public sector?

ii) Does professional base of Accountants live in terms of number and quality that support public expenditure operation in Nigeria?

iii) To what extent has Nigeria government lost plutocrat due to lack of responsibility?

iv) Does public coffers directors in Nigeria rendered a timely, acceptable and dependable stewardships counting?

v) Are the electorate satisfied with the state of public structure and services compared with the quantum of coffers so far invested in the country?

vi) How effective and effective is the inspection process furnishing eventuality for establishing responsibility and discovery of corruption?

vii) Do competent oversight bodies live and performing effectively in the public sector?

viii) Does the responsibility arrangement contribute to the vacuity of information about former and current executive conduct for the executive body involved and a wider range of executive bodies?

Significance Of The Study

This study through its findings will help to identify the possible factors attributable to indecorous responsibility in fiscal operation in the Nigerian public sector. It’s inversely anticipated that the study will give applicable suggestions that will ameliorate the stability, effectiveness, effectiveness and service delivery of public sector in Nigeria.

The study will be of substantial benefits to account interpreters as it’ll help them ameliorate on their routine work and as regard the effective operation of the finances of their separate parastatals. fiscal judges will find this work inestimable as it serves as a base for advising their guests on investment opinions.

likewise, this exploration work will propel the operation of original government councils, state and civil ministries, agencies and departments to formulate programs that will enhance the process of responsibility, translucency and probity in their operations. It’ll also help colorful agencies established by the government in fighting corruption within their parastatals. scholars will inversely find this study as a companion in their unborn exploration undertakings on the subject matter.

Compass And Limitations Of The Study

This study examines the financial responsibility dilemma in nigeria public sector a warning model for profitable regression in Nigeria by prioritizing on named government parastatals. It’ll cover the Ministry of Finance, Presidency, Ministry of Works, and National Assembly.

The limitations encountered in the study are time constraint, cost constraint and reluctance of repliers to give the necessary data.

The time distributed to carry out this study is fairly short considering other academic engagements of the experimenter. Due to deficit of finances, the study’s content was limited to only Ministry of Finance, Presidency, Ministry of Works, and National Assembly. likewise, the repliers, who are account officers in the named services were ever unintentional to share in the check exercise. nonetheless, a robust and fact- chancing exploration is carried out.