THE PRINCIPLES OF PUBLIC FINANCE MANAGEMENT AS TENABLE TO NIGERIA
THE PRINCIPLES OF PUBLIC FINANCE MANAGEMENT AS TENABLE TO NIGERIA
AN ASSIGNMENT
ON
PSD 3372
PUBLIC FINANCE ADMINISTRATION
PRESENTED
BY
VUG/POL/12/425
NNAGBORO VINCENT UZOCHUKWU
DEPARTMENT OF POLITICAL SCIENCE AND DIPLOMACY
VERITAS UNIVERSITY, ABUJA
(THE CATHOLIC UNIVERSITY OF NIGERIA)
BWARI – ABUJA.
SUBMITTED
TO
MISS BAKO (lecturer)
DEPARTMENT OF POLITICAL SCIENCE AND DIPLOMACY
VERITAS UNIVERSITY, ABUJA
(THE CATHOLIC UNIVERSITY OF NIGERIA)
BWARI - ABUJA.
MAY, 2015.
OUTLINE
Introduction
Operationalization of Terms
Public Finance Management
Principles of Public Finance Management as Tenable in Nigeria.
Conclusion
Recommendation
References
Introduction Finance, in general terms, is the raising of required fund. Finance is the function of raising fund and then properly managing the collected fund. Nickel, et. al. (2005) further stated that finance is a function in business (private/public) that acquires funds for the organisation and manages those funds within the organisation, these activities include preparing of budgets; doing cash flow analysis; and planning for the expenditure of funds’ assets. In the Nigerian state, the totality the manipulation, exploration, control and handling of the fiscal allocations and its generation is referred to as public finance management. Generally, in the Nigerian state and the Nigerian situation which is widely acknowledged to be thoroughly corrupt, there a great mismanagement and misappropriation of public funds as the leaders and politicians in office loot public funds, manipulate public expenditure and budget in their favour and for personal gains leaving the masses distraught, unemployed, poor and cheated. Due to the growing gap between the rich and poor in Nigeria as a result of mismanagement of public funds it has led to the increase in crime rate and low standard of living which is accustomed by economic under-development. This paper aims at the analysis of the various principles of public finance management
AN ASSIGNMENT
ON
PSD 3372
PUBLIC FINANCE ADMINISTRATION
PRESENTED
BY
VUG/POL/12/425
NNAGBORO VINCENT UZOCHUKWU
DEPARTMENT OF POLITICAL SCIENCE AND DIPLOMACY
VERITAS UNIVERSITY, ABUJA
(THE CATHOLIC UNIVERSITY OF NIGERIA)
BWARI – ABUJA.
SUBMITTED
TO
MISS BAKO (lecturer)
DEPARTMENT OF POLITICAL SCIENCE AND DIPLOMACY
VERITAS UNIVERSITY, ABUJA
(THE CATHOLIC UNIVERSITY OF NIGERIA)
BWARI - ABUJA.
MAY, 2015.
OUTLINE
Introduction
Operationalization of Terms
Public Finance Management
Principles of Public Finance Management as Tenable in Nigeria.
Conclusion
Recommendation
References
Introduction Finance, in general terms, is the raising of required fund. Finance is the function of raising fund and then properly managing the collected fund. Nickel, et. al. (2005) further stated that finance is a function in business (private/public) that acquires funds for the organisation and manages those funds within the organisation, these activities include preparing of budgets; doing cash flow analysis; and planning for the expenditure of funds’ assets. In the Nigerian state, the totality the manipulation, exploration, control and handling of the fiscal allocations and its generation is referred to as public finance management. Generally, in the Nigerian state and the Nigerian situation which is widely acknowledged to be thoroughly corrupt, there a great mismanagement and misappropriation of public funds as the leaders and politicians in office loot public funds, manipulate public expenditure and budget in their favour and for personal gains leaving the masses distraught, unemployed, poor and cheated. Due to the growing gap between the rich and poor in Nigeria as a result of mismanagement of public funds it has led to the increase in crime rate and low standard of living which is accustomed by economic under-development. This paper aims at the analysis of the various principles of public finance management
References: Hamid, T.K. (2013) Good Governance and New Public Sector Financial Management Reform in Nigeria. A Paper Presented at the Executive Mandatory Professional Training Programme for Fellows of the Chartered Institute of Finance and Control of Nigeria (CIFCN). FCT Abuja. Nickel, W.G.; McHugh, J. M. & McHugh, S. M. (2005). Understanding Business (7th Edition). New York NY: McGraw-Hill/Irwin, 10020. Ola, R.O.F. & Offiong, O.J. (2008). Public Financial Management in Nigeria. Lagos: AMFITOP Books.