0704-883-0675     |      dataprojectng@gmail.com

An Evaluation of the Role of Government Accounting in Managing Subsidy Programs in Nigeria: A Case Study of the Fuel Subsidy Scheme

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style:
  • Recommended for :
  • NGN 5000

Background of the Study
Subsidy programs are essential mechanisms used by governments worldwide to cushion the economic burden on citizens by reducing the cost of essential goods and services. In Nigeria, the fuel subsidy scheme has been a major policy initiative aimed at stabilizing fuel prices and ensuring affordability for consumers. However, the management of the scheme has been plagued by inefficiencies, corruption, and a lack of transparency, leading to substantial revenue losses for the government (Adesina & Olagunju, 2023).

Government accounting plays a critical role in the management of subsidy programs by ensuring accurate recording, monitoring, and reporting of financial transactions. Effective accounting practices are vital for tracking subsidy expenditures, preventing fraud, and promoting accountability. Despite the introduction of reforms such as the Petroleum Industry Act (PIA), the fuel subsidy scheme continues to face challenges, highlighting systemic gaps in government accounting practices (Ibrahim & Yusuf, 2024). This study evaluates the role of government accounting in managing Nigeria’s fuel subsidy scheme, with a focus on its impact on transparency and efficiency.

Statement of the Problem
The Nigerian fuel subsidy scheme has been marred by allegations of financial mismanagement, over-invoicing, and fraud, costing the government billions of naira annually. Weaknesses in government accounting systems, including poor oversight and inadequate reporting mechanisms, exacerbate these issues (Okonkwo & Bello, 2025).

While reforms have aimed to address these problems, their effectiveness remains limited due to inconsistent implementation and political interference. This study seeks to evaluate the role of government accounting in addressing these challenges, identifying areas for improvement in the management of the fuel subsidy scheme.

Objectives of the Study

  1. To assess the effectiveness of government accounting in managing the fuel subsidy scheme in Nigeria.
  2. To identify challenges affecting government accounting practices in the subsidy program.
  3. To propose strategies for improving transparency and accountability in the management of fuel subsidies.

Research Questions

  1. How effective is government accounting in managing the fuel subsidy scheme in Nigeria?
  2. What challenges affect government accounting practices in the fuel subsidy scheme?
  3. What strategies can enhance transparency and accountability in fuel subsidy management?

Research Hypotheses

  1. Government accounting significantly enhances the management of the fuel subsidy scheme.
  2. Challenges in government accounting practices negatively impact the efficiency of subsidy management.
  3. Improved government accounting practices enhance transparency and accountability in subsidy programs.

Scope and Limitations of the Study
The study focuses on the Nigerian fuel subsidy scheme, examining the role of government accounting between 2015 and 2024. Limitations include restricted access to detailed subsidy records and potential biases in respondent feedback.

Definition of Terms

  • Government Accounting: Financial processes used to track and report public expenditures.
  • Fuel Subsidy Scheme: A government program aimed at reducing the cost of fuel for consumers.

Transparency: Open and accountable management of public resources.





Related Project Materials

An assessment of the effectiveness of reforestation programs in combating desertification in Damaturu Local Government Area, Yobe State

Background of the Study

Desertification is a critical environmental issue affecting many parts of Nigeria, particularly in the northeaste...

Read more
Enhancing IoT‐Based Smart University Hostel Keyless Entry Systems in Maiduguri LGA, Borno State

Background of the study
Security in university hostels is a critical concern, as it directly impacts the safety and well-b...

Read more
An Examination of the Impact of Screen Time on Sleep Patterns Among Adolescents in Niger State

Background of the Study

The increasing use of digital devices such as smartphones, tablets, and computers has raised concerns about the p...

Read more
An appraisal of the role of community elders in conflict mediation in Kaltungo Local Government Area, Gombe State

Chapter One: Introduction

1.1 Background of the Study
Community elders in many parts of Nigeria...

Read more
SMALL SCALE BUSINESS AND THE ECONOMIC DEVELOPMENT OF NIGERIA

​​​​​​​Background of the study

The majority of the most successful businesses and organizations in the world had their s...

Read more
The impact of local government intervention on small-scale business growth in Yola North Local Government Area, Adamawa State

Chapter One: Introduction

1.1 Background of the Study

Small-scale businesses are essential to...

Read more
TAX REVENUE AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA (1994–2017)  

Abstract

This study investigated the impact of tax revenue on economic growth.

The Ex-post facto research desi...

Read more
ASSESSMENT OF THE IMPACT OF MARKETING RESEARCH ON PROFITABILITY

ABSTRACT

The study reviews the need for marketing research in a business organization set to make profi...

Read more
An Evaluation of Emergency Nurses' Role in Preventing Medication Errors in Accident and Emergency Units at Babcock University Teaching Hospital, Ogun State

Background of the Study

Medication errors in hospital settings, particularly in emergency departments, pose significant risks to patient...

Read more
An examination of Goodluck Jonathan’s higher education policies in Minna, Niger State

Background of the Study
Goodluck Jonathan, as President of Nigeria from 2010 to 2015, placed a strong emphasis on reforming...

Read more
Share this page with your friends




whatsapp