Responsiveness of rural development to budget management attributes: Evidence from Ogun State, Nigeria

madugba, Joseph (2022) Responsiveness of rural development to budget management attributes: Evidence from Ogun State, Nigeria. Problem and perspective, USA.

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The essence of Local Government as contained in the Nigeria constitution is bringing government closer to the people and make them feel the impact of governance. This study examined the responsiveness of rural development to three of the attributes of public budgeting (effectiveness, openness, and adequacy) in selected local government in Ogun State Nigeria. The objective was to establish the functional association and interconnectedness between the explained and explanatory variables. Data were gathered through the administration of a five-point Likert scale questionnaire distributed to 800 respondents in eight (8) Local Governments in the Ogun States, out of which 348, representing 43.5% were retrieved and used for analysis. Both descriptive statistics and Ordinary Lease Square regression analysis were utilised in the study. The result shows that the three explanatory variables namely; budget effectiveness, budget openness and budget adequacy are positively related to rural development, although the impact of budget adequacy was shown to be insignificant. The implication is that the effectiveness of budget management and the openness of the budget in terms of transparency and accountability are more responsive and influential determinants of rural development that the adequacy of the budget estimates. The paper, therefore, recommended improvement in budget openness through more consultations and accessibility to budget information by the public as well as monitoring of projects and programs within the local council to engender development and add value to the rural dwellers.

Item Type: Other
Uncontrolled Keywords: Budget effectiveness, Budget openness, Budget adequacy, Rural development
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
L Education > LC Special aspects of education
Depositing User: Dr Joseph madugba
Date Deposited: 18 Feb 2022 09:27
Last Modified: 18 Feb 2022 09:27

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