An Evaluation of the Effectiveness of Government Accounting in Monitoring Capital Project Performance in Nigeria: A Case Study of NDDC
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Background of the Study
Government accounting plays a critical role in ensuring transparency, accountability, and efficiency in the management of public resources. In Nigeria, the monitoring of capital project performance is a key area where government accounting mechanisms are employed to track the use of allocated funds and ensure value for money (Okoye & Eze, 2023). The Niger Delta Development Commission (NDDC), established to foster development in the Niger Delta region, has been tasked with implementing various capital projects to improve infrastructure and living standards.
Despite the presence of government accounting frameworks, reports of abandoned projects, cost overruns, and mismanagement in the NDDC raise concerns about their effectiveness in monitoring capital project performance (Ibrahim & Musa, 2024). This study examines the role of government accounting in monitoring capital projects in the NDDC, evaluating its successes and challenges.
Statement of the Problem
Capital project monitoring in Nigeria often suffers from inadequate accounting practices, lack of transparency, and poor enforcement of regulatory frameworks. The NDDC, despite its mandate, has faced criticisms for project delays, cost inefficiencies, and abandoned projects. These issues point to gaps in the government accounting systems tasked with oversight. If these challenges persist, they risk undermining the developmental goals of capital projects in the Niger Delta (Adeyemi & Johnson, 2025).
This study evaluates the effectiveness of government accounting in monitoring capital project performance within the NDDC and explores strategies for improvement.
Objectives of the Study
- To assess the effectiveness of government accounting frameworks in monitoring capital project performance in the NDDC.
- To identify challenges hindering effective monitoring of capital projects in the NDDC.
- To propose strategies for enhancing government accounting practices in capital project oversight.
Research Questions
- How effective are government accounting frameworks in monitoring capital project performance in the NDDC?
- What challenges hinder effective monitoring of capital projects in the NDDC?
- What strategies can enhance government accounting practices in capital project oversight?
Research Hypotheses
- Government accounting frameworks significantly improve the monitoring of capital project performance in the NDDC.
- Challenges such as poor enforcement and lack of transparency hinder the effectiveness of government accounting in the NDDC.
- Improved regulatory frameworks and capacity building enhance government accounting practices in monitoring capital projects.
Scope and Limitations of the Study
The study focuses on government accounting practices in monitoring capital projects within the NDDC. Limitations include restricted access to financial records and reluctance of key stakeholders to share sensitive information.
Definitions of Terms
- Government Accounting: Financial management practices aimed at ensuring transparency and accountability in the public sector.
- Capital Project Performance: The successful completion of public infrastructure projects within budget, scope, and time.
- NDDC: Niger Delta Development Commission, a Nigerian government agency focused on developing the Niger Delta region.
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