An Exploration of Governmental Accounting in Enhancing Transparency in Public Procurement in Keffi, Nasarawa State
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Background of the Study
Transparency in public procurement is a cornerstone of good governance and sustainable development. Governmental accounting plays a significant role in ensuring accountability, fairness, and efficiency in the procurement process. In Keffi, Nasarawa State, irregularities in public procurement, such as inflated contracts, favoritism, and corruption, have hindered the effective utilization of public funds. The implementation of robust governmental accounting practices could address these challenges by providing accurate records, improving oversight mechanisms, and fostering trust among stakeholders. This study explores how governmental accounting can enhance transparency in public procurement within Keffi LGA.
Statement of the Problem
Despite various reforms to improve transparency in public procurement, challenges such as financial mismanagement, corruption, and lack of accountability persist in Keffi. These issues often stem from weak governmental accounting practices. This study examines how enhanced governmental accounting can address these challenges and promote transparency in public procurement.
Aim and Objectives of the Study
The aim of this study is to explore the role of governmental accounting in enhancing transparency in public procurement in Keffi, Nasarawa State. The specific objectives are:
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To examine the impact of governmental accounting on transparency in public procurement processes.
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To identify the challenges affecting accountability in public procurement in Keffi.
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To propose strategies for improving transparency through governmental accounting practices.
Research Questions
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How does governmental accounting impact transparency in public procurement in Keffi?
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What challenges hinder transparency in public procurement in Keffi?
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What strategies can improve transparency through governmental accounting practices?
Research Hypotheses
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Governmental accounting significantly enhances transparency in public procurement processes.
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Challenges in public procurement negatively affect transparency in Keffi.
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Improved governmental accounting practices positively influence transparency in public procurement.
Significance of the Study
This study provides insights into how governmental accounting can address corruption and inefficiencies in public procurement, contributing to improved governance and better resource utilization in Keffi, Nasarawa State.
Scope and Limitation of the Study
The study focuses on public procurement processes in Keffi, Nasarawa State, and the role of governmental accounting in enhancing transparency. Limitations may include restricted access to procurement records and stakeholder responses.
Definition of Terms
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Governmental Accounting: The systematic recording and reporting of financial transactions in the public sector.
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Transparency: Openness and clarity in processes to ensure accountability and fairness.
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Public Procurement: The process by which government entities acquire goods, services, and works.
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