FUND ACCOUNTING AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA

  • Dr. Egbe, Solomon Department of Accounting, Faculty of Management Science, University of Port Harcourt, Nigeria
  • Lawson Abiye Okebiobramama Department of Accounting, Faculty of Management Science, University of Port Harcourt, Nigeria
DOI: https://doi.org/10.5281/zenodo.10975799
Keywords: Fund Accounting, Infrastructural Development, Capital Development Fund

Abstract

This research paper examined the relationship between Fund Accounting and Infrastructural Development in Nigeria for a period of 10 years from (2008-2017). Secondary data obtained from the Central Bank of Nigeria Statistical Bulletin of each year, the Recurrent and Capital Budget of the selected time series, and the Appropriation Act of each year were used for analysis, to test the hypotheses formulated. Ordinary least square multiple linear regression was the statistical tool used for the analysis with the aid of E-view 10. The proxy for the independent variable; Fund Accounting; Capital Development Fund and dependent variable Infrastructural Development; Education Sector was used to formulate the hypotheses tested. In carrying out the analysis, the stationary test showed that the variables were stationary at first difference. The co-Integration test proved the presence of a long run relationship between the variables. The granger causality test proved no causality between the variables. The recommendation made after the results posits that theFund accounting principle should be adhered to, for an effective and efficient accountability system, infrastructural development, economic growth and all round development in Nigeria.

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References

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Published
2024-04-15
How to Cite
Solomon, D. E., & Abiye Okebiobramama, L. (2024). FUND ACCOUNTING AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA. GPH-International Journal of Social Science and Humanities Research, 7(03), 28-35. https://doi.org/10.5281/zenodo.10975799
Issue
Vol 7 No 03 (2024): GPH-International Journal of Social Science and Humanities Research
Section
Articles
Copyright (c) 2024 Dr. Egbe, Solomon

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