Towards Ensuring Accountability and Control In Budgeting Process In Nigeria

Abstract

This paper examines accountability and control in budgeting system in Nigeria with emphasis being laid on the general principles that guide the process of making up a budget. In Nigeria, the budgetary process starts with the executive arm of government which initiates the idea with identification of goals and objectives that government seeks to attain with a specified period and in accordance with its overall socio-economic policy. The study made use of secondary source of data. Upon which information was gathered and analysed.Reasons for government making budget were advanced in the paper. The chief among them was that it provides the basis for legislative control, authorization and accountability to the legislature and provides a base for executive management within ministries and departments. The study revealed that budgeting is very central and critical to any nation that wants growth and development with accountability and control serving as a base for realizing and implementing a dependable budget. One strong recommendation that was made is that government should always be guided by the principles of accountability and control in order to have an effective and efficient budgetary system