Public Finance Administration and Resource Allocation in Nigeria: Challenges and Prospects


Keyword : Democratic deficit, Development crisis, Mode of production, Public Financial Administration, Rentier State.


Author(s) : Ifaka, John

Abstract :   

Nigeria public financial administration has witnessed tremendous challenges essentially because it has generated accumulated deficits from 2004 to 2017; linking the country’s inability to fund its developmental priorities following a decline in the sales of a single resources commodity accounting and providing major funding for the national budget. The study adopted constructivist
and capability theories to argue for a model of sustainable transition from a single stream of revenue to a three sector economic model that is diversify, broader, comprehensive and inclusive in dealing with the current developmental crisis. The study among others, recommended that 70%of resource activities should be focused on the service sector while narrowing the swelling of the
extractive/agricultural sector to at least 5% to enable capacity building of the country’s human resources to transform the revenue profile to wipe out the perennial culture of deficit financing.

Download full Article

Recent Articles

Influence of Organizational Culture on the Lifestyles of Commercial Bank Employees in Benin Metropolis - Edo State, Nigeria
Akintoye Obaide Emily, Ph.D & Obire Oghenetejiri Mathias

PSYCHOSOCIAL CHALLENGES AND COPING MECHANISMS AMONG RELATIVES OF SCHIZOPHRENIC PATIENTS IN FEDERAL NEUROPSYCHIATRIC HOSPITAL, USELU, BENIN CITY
Emily Obaide Akintoye, Ph.D & Temitope Akintoye

.#ENDSARS PROTESTS AND THE IMPERATIVE FOR STATE POLICE IN NIGERIA
LAWRENCE O. ODEH, Ph.D.

The Knowledge and Awareness of Immersive Journalism Among Journalism Lecturers in Select Public and Private Universities in Enugu State
Nelson Chidiogo Chris-Ngwu, Dr. Maxwel M. Ngene, and Vivian Ginikachukwu Eze

THE IMPACTS OF FRINGE BENEFITS ON JOB SATISFACTION AMONG EMPLOYEES OF THE NIGERIAN PUBLIC SERVICE
Ugonne Vivian Nwosu, Amoke Chibuike Thaddeus & Ikeotuonye Millicent Nkem

COMMUNICATION LECTURERS’ KNOWLEDGE AND PERCEPTION ON THE USE OF ARTIFICIAL INTELLIGENCE IN THE ACADEMIC ACTIVITIES OF UNDERGRADUATES IN ENUGU STATE
Ukonu, Michael Chimeze & Momoh, Celestina Ozohu

Preliminary Pages for Vol. 16, Special Edition, 2023
ESUT JMS

#Endsars Protests and the Imperative for State Police in Nigeria
Lawrence O. Odeh

Knowledge and Awareness of Immersive Journalism Among Journalism Lecturers in Select Public and Private Universities in Enugu State
Maxwel M. Ngene, Vivian Ginikachukwu Eze and Nelson Chidiogo Chris-Ngwu

Communication Lecturers’ Knowledge and Perception on the Use of Artificial Intelligence in the Academic Activities of Undergraduates in Enugu State.
Ukonu Michael Chimeze & Momoh Celestina Ozohu

The Impacts of Fringe Benefits on Job Satisfaction Among Employees of the Nigerian Public Service.
Ugonne Vivian Nwosu; Amoke Chibuike Thaddeus & Ikeotuonye Millicent Nkem

Preliminaries
ESUT JMS

Evaluation of Parents’ Risk Perception on the Influence of Pornography on the Mental Development of Children in Enugu Metropolis
JOSEPHAT OKOYE, PhD, ANDREW C. APEH, Ph.D and PEACE OZIOMA MADUEKE

Sustainability and Challenges of Soybean Production in Taraba State, Nigeria
SAMUEL, P., AKINTUNDE, M. O, and ADI, A. Z

Traditional Information Dissemination Mechanisms In Ibani Nation: A Study Of Opobo Kingdom
UKAEGBU, MICHAEL IBE, PhD., PATIENCE T. JAJA and WOKOMA, SOLOMON INNOCENT