Study of Challenges Ahead for Institutional Implementation of Performance-Based Budgeting in the Nigerian Public Sector

The obstacles of implementing performance-based budgeting as part of Nigeria’s public sector reforms, as well as the results of such efforts, are examined in this study. The goal is to see if the current public sector accounting and budgeting procedures are adequate for achieving sectoral targets, which is a primary goal of the Fiscal Responsibility Act (FRA). It examines prior attempts to improve public service delivery through public sector reforms, as well as the causes for the failures that have been reported. The Fiscal Responsibility Act 2007, which was enacted in 2004 as a major framework for implementing Nigeria’s public sector reforms, is examined to see if the provisions therein require a reform in public sector budgeting and accounting systems to improve transparency, accountability, and efficiency in public service delivery and economic development in Nigeria. To this purpose, it conducts a comparative analysis of public sector reform in New Zealand and Australia in order to identify the reform drivers and crucial variables that contributed to the success of their reform initiatives. It shows that, while the motivations for public sector change in Nigeria, New Zealand, and Australia are similar, one of the key success factors in the later countries is noticeably absent in the former. It finds that, given the current state of the reform effort, its success may hinge on the inclusion of the missing reform driver, namely, reform of the public sector financial reporting system through the adoption of a performance-based accounting system.

Author(S) Details

Eunice Ngozi Okoroafor
Centre for International Development and Policy Studies, P. O. Box 9214, Area 10, Garki 900001, Abuja, Nigeria.

View Book:- https://stm.bookpi.org/NIEBM-V2/article/view/4746

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