CAPITAL EXPENDITURE BUDGET SIZE AND POWER INFRASTRUCTURAL DEVELOPMENT IN NIGERIA
DOI:
https://doi.org/10.51406/jhssca.v8i1.1189Keywords:
Government budget, capital expenditure size, infrastructure development, public sectorAbstract
The paper investigated the relationship that existed between Capital Expenditure Budget Size (CEBS) and Power Infrastructural Development (PID) in Nigeria. The study adopted a cross sectional survey research design where primary data were collected through a structured questionnaire at a point in time and analyzed using Analysis of Variance and Regression. The results of the analysis showed that there was no significant relationship between CEBS and PID in Nigeria (p>0.05) indicating an acceptance of null hypothesis that there is no significant relationship between CEBS and PID. Also, the correlation coefficient (R) results of .025 showed positive but weak correlation between the variables and R-squared of the regression of -.001 as the fraction of the variation in the dependent variable PID as predicted by independent inference CEBS means -.1%. The study concluded that power infrastructural development in Nigeria was not commensurate with size of capital expenditure budget. This was attributed to poor implementation policy, inadequate budget execution, corruption and weak accountability in Nigerian public sector.
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Government expenditure in Nigeria: A sine qua non for economic growth and development. Transcampus Journal, 9(2), 155 – 162
Wayne W. S., Stephen W. L., Andrea C. S., & Tomas, R. 2010. Setting parameters: Operationalbudget size and allocation of resources. International Journal of Event and Festival Management, 1(3), 238 – 2
2008: A disaggregated analysis. Business and Economic Journal, 4, 1-11.
Adedokun, A .A 2004. The development of local government in Nigeria since pre-colonial era to 1999 constitution. Polycom , 2(2), 2004.
Adeola, A. 2005. Analysis of the cost of infrastructure failures in the developing economy: the case
of the electricity sector in Nigeria. Nairobi: African Economic Research Consortium. Retrieved May 22, 2014, from: www.dspace.cigilibrary.org/jspui/bitstream/123456789/32040/1/RP148.pdf?1
Aigbokhan, B. E. 1999. Evaluating investment on basic infrastructure in Nigeria. Central Bank of Nigeria, Kaduna. June 11-15:
Ajakaiye, O., & Akinbinu, B. 2000. Strategic issues in Nigeria development: A globalizing and liberalizing world. Nigeria Institute of Social and Economic Research (NISER), Ibadan
Amakon, U., & Nwogwugu, U. C. 2012. Financing energy development in Nigeria: Analysis of Impact on the Electricity Sector. Australian Journal of Business and Management Research,2 (3), 54-61.`
Appah, E., & Appiah, K.Z.A. 2010. Fraud and development of sound financial institutions in Nigeria. Nigerian Journal for Development Research, 1(1), 49 -56
Basheka, B.C., & Nabwire, A. 2013. Budget planning and the quality of educational services in Uganda public universities: A case study of Kyambogo University, Educational Research and Reviews, 8(21), 2026 – 2035. DOI:10.5897/ERR09.195
Bhattacharya, D., Iqbal, M. A., & Khan, T. I. 2009. Delivering on budget FY 2009 -2010: A set of implementation issues. Centre for Policy Dialogue (CPD), Bangladesh. Retrieved from: http://www. bangladeshstudies.org/2009-plain.html
Easterly, W., & Rebelo, S. 1993. Fiscal policy and economic growth: An empirical investigation. Journal of Monetary Economics, 32, 417 - 458.
Hicks, L., & Curt, R 2003. The Social Impact of Military Growth in St. Mary's County, Maryland, 1940-1995. Armed Forces & Society , 29 (3), 353–371
Keller, C.M. 2009. Coping strategies of public universities during the economic recession of 2009: Results of a survey on the impact of the financial crisis on university campuses. Retrieved fromhttp://www.aplu.org/NetCommunity/Document.Doc?id=1998
Kessides, C. 1993. The contribution of infrastructure to economic development: A review of experience and policy implication. World Bank Discussion Paper No 213, World Bank
Khan, A., & Hildreth, W. B. 2002. Budget theory in public sector: Quorum Booksaman. Retrieved on June 12, 2014 from: books.google.cm/…out/Budget_Theory_in_the_Public...
Kwanashie, M. 2013. Capital budget and national development. A paper presented at 43rd Annual Accountants Conference of the Institute of Chartered Accountants of Nigeria, Abuja. Retrieved on 20th December, 2013 from: www.icanig.org/documents/Prof- Kwanashie.pdf
Michas, N. A., 1975.Wagner’s law of public expenditures: What is the appropriate? Measurement for a valid test? Public Finance/ Finances Publishers, 30(1), 77-84
Niloy, B., Emranul. M. H. & Denise. R.O. 2003. Public expenditure and economic growth: A disaggregated analysis for developing countries. London: JEL Publication.
Nouri, H., Parker, R.J., 1998. The relationship between budget participation and job performance: The roles of budget adequacy and organizational commitment. Accounting, Organisational and Society, 23 (5/6), 467-483.
Odia, R. 2010. Manufacturers need 2,000MW of electricity to stay afloat, Paper delivered by chairman, Infrastructure Committee , Manufacturers Association of Nigeria, Business Day Newspaper, 25th December.
Ojo, E. O. 2012. Constraints on budgeting and development plan implementation in Nigeria: An overview. European Journal of Sustainable Development, 1(3), 445- 456
Olomola, A. S. 2009. Strategies and consequences of budgetary reforms in Nigeria. A Paper for resented at the 65th Annual Congress of the Institute of International Public Finance (IIPF), Cape Town, South Africa
Omeiza-Michael, S. 2009. Government's efforts at halting smuggling: Why they are ineffective. Business Day, Newspaper, p.14
Onakoya, A. B., Tella S. A., & Osoba, A. M. 2012. Investment in telecommunications infrastructure and Nigerian economic growth. British Journal of Economics, Management & Trade, 2(4), 309-326
Rose-Ackerman, S. 1999. Corruption and government: causes, consequences, and reform. New York: Cambridge University Press Sen, A., & Dreze, J. 1995. India: Economic development and social opportunity. Oxford: Clarendon Press.
Serwach, J .J., Flood, M., Rechnitzer, S., & Stasinski, A. 2009 Budget crises and higher education:Â Can leadership make a difference? The Journal of Higher Education, 71(4), 411- 431
Taiwo, A. S., & Agbatogun, K. K. 2011.
Government expenditure in Nigeria: A sine qua non for economic growth and development. Transcampus Journal, 9(2), 155 – 162
Wayne W. S., Stephen W. L., Andrea C. S., & Tomas, R. 2010. Setting parameters: Operationalbudget size and allocation of resources. International Journal of Event and Festival Management, 1(3), 238 – 2
