The Effect of Performance Audit on the Implementation of Fadama II Project in Federal Capital Territory Abuja

Abstract

The purpose in this study was to analyse the effect of performance auditing on the implementation of Fadama II project based on the perception of key stakeholders on the Project. The study used an exploratory design and sampled 60 participants in the Fadama II Project in the Federal Capital Territory, Abuja. Using Kruskal-Wallis H test the study found that (1) performance audit has measurable benefit to the Fadama II project; (2) performance audit contribute to the attainment of Fadama II Project goal. Based on the finding the study recommended that performance audit should be instituted in all government ministries, departments and agencies to track funds to project. This will forestall fraud and misuse of public funds. Furthermore, the study recommends that all donor agencies should demand performance audit of projects they sponsor to determine the extent to which target goals are being met.

Keywords: Performance Audit, Fadama, Economy, Efficiency Effectiveness