SUCCESSES AND FAILURES OF PUBLIC SECTOR ACCOUNTABILITY IN NIGERIA FROM THE PERIOD OF 1991 TO 2002
Abstract
The evaluation of the accomplishments and shortcomings of public sector accountability is the main focus of this study program. This means that the supply of social benefits to the individuals who paid to it is the essence of public funding. Because people may refuse to pay taxes if they are not properly informed about what was done with their money, it is crucial that the public administrator be given a clear account of what they did with public funds if their goal is to finish their term in office. This study makes the individual aware of their legal ability to request an account from their trustee, who is acting as their representatives.
Thirty-five of the questionnaires the researcher created and distributed to respondents—which were then collected after they responded with their perspectives on the major questions being addressed—were acceptable for study.
To sum up the findings, I will suggest that Nigerians have a highly negative outlook on public sector accounting. It was sad that we were unable to identify or point out serious issues. Because of a corrupt government that gave little consideration to the wellbeing of the person, people continue to live in abject poverty.
Last but not least, I suggested that the government make sure that all elected officials disclose their holdings before to taking office. After the politicians have finished their terms in office, their assets are once again evaluated. All banks that held illicit wealth ought to be put on a blacklist and have their operating permits revoked. All government accounts should be audited and made public by external auditors. The government should receive direct reports from internal auditors.
Proposal
The assessment of the performance of public sector accountability in Nigeria is at the heart of the study. It will demonstrate how effectively public monies were used in Nigeria between 1991 and 2002 to optimize citizens’ well-being and provide social benefits to the population. We will understand how crucial it is for public administrators to provide a transparent accounting of how they are using taxpayer money.
Identify the taxpayer’s philosophy on paying taxes. This study will assist in educating the public about the individual’s legal ability to request an account from their trustee acting in their behalf.
The definition of the public sector, its successes, setbacks, and issues will all be covered, with a focus on how Nigeria’s public sector came into being.
Chapiter 1
Introduction
Background information for the study is provided in paragraph 1.1.
Every society is composed of individuals who consent to form a single body and to be governed as a single entity. For a society to be successful, one or more persons must manage its affairs in a way that benefits the society as a whole, whether that be through the pursuit of political, social, or economic objectives. Funds must be raised and used in order to further some of the society’s objectives against this backdrop of managing its operations. The management of the finances must be in the hands of those who represent the people in order to maximize social benefit.
Services will be provided using funds to the extent that they are donated by individuals and placed in the hands of representatives. When that time comes, these representatives will not only be in charge of the money but also be responsible for giving the contributors of the money an accounting. However, this is predicated on the current, fully democratic system of government.
Since the preceding 1991–2002 era, when public sector accounting in Nigeria did not advance to any appreciable degree prior to the arrival of the British, there have been numerous issues with accounting for public funds. Regrettably, despite all of the government’s efforts, enough information regarding the use of public funds was not made available despite efforts to encourage public sector accounting. The extent of any government’s financial performance for the time it was in power should be demanded by proper accountability.
A statement of the issues is provided in 1.2
The ineffective accountability and management of the taxpayers’ money placed in the hands of their representatives has been the core issue facing Nigeria’s public sector. When it was obvious that little to no punishment was meted out to them, these representatives have preferred to amass fortune at the expense of the people. To encourage their dishonest behavior, they would prefer to be granted titles.
As a result, the average taxpayer has a very low standard of life and a slow rate of development. The researcher is therefore motivated to spread the word about the need of having trustees act as their representatives and provide accurate financial reports to the public.
1.3 Aim Of The Study
The following are the research’s primary goals:
i. To determine the extent to which the public resources were wisely used to maximize his welfare in Nigeria between 1991 and 2002.
ii. To assess the taxpayers’ attitude toward paying taxes.
iii. To raise awareness among the general people about the need for them to demand an account from their representatives.
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