Public Financial Accountability Institutions and Democratic Governance in Nigeria

Apeloko D. Olubunmi, A. A. Adesopo

Abstract


The study is based on the examination of the impact of public financial accountability and the pursuit to develop democratic governance in Nigeria between 1999 and 2013. It compared the state of financial accountability institutions and their contributions to the consolidation of democratic governance in some selected states. The study utilised both primary and secondary sources of data collection. Descriptive and inferential statistics were used to analyse the data collected. The study revealed that financial accountability institutions performed significant roles in consolidating democratic governance in the selected states (x2 = 113.97; p < 0.05), by ensuring the enhancement of transparent financial dealing (70.7%), proper execution of projects by MDAs (81.6%), popular support for government (76%), general participation of the citizens (60.6%) and peaceful co-existence (88.7%). The study concluded that there were reforms in financial accountability institutions and mechanisms in all the sampled states through which democratic consolidation was ensured at different degrees between 1999 and 2013.


Keywords


Public financial accountability; Accountability; Governance and development

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DOI: http://dx.doi.org/10.3968/9977

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