Budgetary Practices and Performance of Private Educational Institutions in Rivers State, Nigeria

Abstract

This study investigated budgetary control: A key enabler of performance of private educational institutions in Rivers State, Nigeria. The study adopted the descriptive survey research design; both primary and secondary method of data collection were employed to obtain relevant data for analysis. The instrument of data collection was the questionnaire. The study population comprised the163 registered private secondary schools operating in Rivers State as enlisted in the Manual, Rivers State Ministry of Education (2017). A total of 116 copies of the questionnaire were distributed to the study respondents. However, only 91 copies of the questionnaire were retrieved and used in the analysis. The data was analyzed using the Pearson product movement correlation statistics through the aid of statistical package for social science (SPSS) version 22.0.The results of the finding reveals that that there is a strong and positive relationship between budgetary practices and performance of private educational institutions in Rivers State. The study further concludes that budgetary practices and policies are pivotal for achieving high performance among private educational institutions in Rivers State. It therefore recommends that schools’ proprietors and principals should adopt budgetary practices to enhance their institutions performance.

Keywords: Budgetary Practice, Budgetary Control, Performance, Liquidity, Return on Assets.

DOI: 10.7176/RJFA/11-18-04

Publication date:September 30^th 2020