International Journals of Marketing and Technology

  • Year: 2012
  • Volume: 2
  • Issue: 5

Accountability and transparency in public financial management in Nigeria: Challenges and prospects

  • Author:
  • Matthew Adeolu Abata, Kehinde David Adejuwon
  • Total Page Count: 20
  • DOI:
  • Page Number: 14 to 33

*Department of Accounting, Faculty of Management Sciences, Lagos State University, Ojo

**Department of Public Administration, Faculty of Management Sciences, Lagos State University, Ojo

Abstract

The Nigerian state has, for a long time, been groping in the dark. Politically directionless, economically huge but hopelessly managed. Humanly endowed but devastatingly impoverished. The current paper examines the importance of financial transparency and accountability in Nigeria's restoration. It noted that an improved public financial management and accountability environment has become crucial to better governance and performance. The paper present ideas and principles that can help public managers understand their obligations toward financial management. It concludes with viable, constructive ideas for restoring Nigeria on the path of financial transparency and accountability.

Keywords

Accountability, Financial transparency, Corruption