Background of the Study
Cost-Benefit Analysis (CBA) is a systematic approach to evaluating the financial implications of different decision alternatives by comparing their costs with the anticipated benefits. In local government areas like Keffi LGA, CBA can play a pivotal role in determining the most efficient allocation of resources for projects, public services, and infrastructure development. This study will examine how CBA is used in decision-making processes within Keffi LGA.
Statement of the Problem
Local government projects often involve significant financial outlays, and decisions on which projects to undertake can have long-lasting effects on the community. Without a structured approach to evaluating costs and benefits, local authorities may waste resources on projects that do not deliver sufficient value. This study aims to evaluate how CBA is applied in decision-making and its effectiveness in ensuring optimal resource utilization in Keffi LGA.
Aim and Objectives of the Study
Aim: To evaluate the use of Cost-Benefit Analysis in decision-making within Keffi LGA.
Objectives:
Research Questions
Research Hypothesis
Significance of the Study
The study will provide insights into the practical application of CBA in local governance and its effectiveness in ensuring that public resources are allocated efficiently in Keffi LGA.
Scope and Limitation of the Study
The study will focus on the application of CBA in public projects in Keffi LGA. Limitations include potential unavailability of detailed cost and benefit data for projects.
Definition of Terms
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