Stemming The Tide of Low Budget Implementation In The Nigerian Public Sector: A Search For Effective Budgeting System
The aim of this study was to identify measures that would stem the tide of low budget implementation in Nigeria public sector using South-East geopolitical zone of Anambra, Enugu, Abia, Imo, Ebonyi and Enugu States as case study. To achieve this aim, conceptual, historical and theoretical framework was adopted in literature review. Three research hypotheses were formulated and tested in empirical setting using chi-square (x2) statistical tools. Findings of the study revealed that poor budgetary implementation in the Nigerian public sector have had significant negative effect on the Nigerian economy. The study showed that factors such as late presentation and passage of appropriation bills, delay in release of funds for capital projects, ineffective planning, corruption in the public sector amongst others have contributed to low budgetary implementation in Nigeria. The study concluded by highlighting that effective planning and the adoption of responsibility accounting system will assist in enhancing budget implementation in Nigeria.