Budgetary Practices and Performance of Private Educational Institutions in Rivers State, Nigeria

Thankgod C Agwor ,Amadi Justice Anwumere

doi:10.7176/rjfa/11-18-04

Abstract

This study investigated budgetary control: A key enabler of performance of private educational institutions in Rivers State, Nigeria. The study adopted the descriptive survey research design; both primary and secondary method of data collection were employed to obtain relevant data for analysis. The instrument of data collection was the questionnaire. The study population comprised the163 registered private secondary schools operating in Rivers State as enlisted in the Manual, Rivers State Ministry of Education (2017). A total of 116 copies of the questionnaire were distributed to the study respondents. However, only 91 copies of the questionnaire were retrieved and used in the analysis. The data was analyzed using the Pearson product movement correlation statistics through the aid of statistical package for social science (SPSS) version 22.0.The results of the finding reveals that that there is a strong and positive relationship between budgetary practices and performance of private educational institutions in Rivers State. The study further concludes that budgetary practices and policies are pivotal for achieving high performance among private educational institutions in Rivers State. It therefore recommends that schools’ proprietors and principals should adopt budgetary practices to enhance their institutions performance. Keywords: Budgetary Practice, Budgetary Control, Performance, Liquidity, Return on Assets. DOI: 10.7176/RJFA/11-18-04 Publication date: September 30 th 2020

Highlights

The importance of private business ownership in Nigeria cannot be over emphasized and cannot be anytime more important than
The questionnaire was used to collect data while regression analysis was used to measure the level of significance between the hypothesized variables and it was found that there is a statistically significant relationship between budgetary control and performance of academic libraries in Nigeria University, Nsukka
The study further revealed that budgetary control is an essential tool for setting standards towards actual accomplishment as against set objectives in the organization

Summary

Introduction

The importance of private business ownership in Nigeria cannot be over emphasized and cannot be anytime more important than now. The importance of private business ownership in Nigeria cannot be over emphasized and cannot be anytime more important than This is due to the current economic disposition which has compelled most legitimate people to seek legitimate ways of earning a living and impact the country positively. It is a deliberate attempt to achieve superior targets over time with available and expected resources. Such targets are influenced by the experiences of the past and expectation of the future (Atkinson, Banker Kaplan & Young, 2001; Carr, 2000)

Objectives

Methods

Discussion

Conclusion