The Role of Public Sector Accounting in Evaluating Infrastructure Development in Nigeria: A Study of Abuja-Kaduna Railway Project
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Background of the Study
Infrastructure development is a crucial driver of economic growth and development in any country. In Nigeria, infrastructure deficits have been a major hindrance to sustainable growth, particularly in transportation, which plays a central role in the movement of goods and services. The Abuja-Kaduna Railway Project, inaugurated in 2016, is a significant infrastructure development aimed at improving connectivity between Nigeria's capital, Abuja, and the northern city of Kaduna, alleviating traffic congestion, reducing travel time, and fostering economic integration (Ademola & Agboola, 2023).
Public sector accounting plays an essential role in evaluating the financial management and accountability of large-scale infrastructure projects like the Abuja-Kaduna railway. It ensures that project funds are properly allocated, monitored, and utilized to achieve the intended outcomes. However, concerns over mismanagement, budget overruns, and the inability to meet set goals have led to calls for improved accounting practices that ensure greater transparency and effective monitoring of public sector infrastructure projects (Oladipupo & Adefolaju, 2023).
This study examines the role of public sector accounting in evaluating the financial performance and accountability of the Abuja-Kaduna Railway Project, analyzing how accounting principles and practices contribute to the success or failure of the project.
Statement of the Problem
Large infrastructure projects like the Abuja-Kaduna Railway often face challenges related to financial mismanagement, budget overruns, and lack of transparency. Despite the Nigerian government’s efforts to modernize the railway system, concerns persist about the effective allocation and use of funds for these types of projects. Reports of financial mismanagement, inefficiencies, and a lack of adequate financial tracking systems have raised questions about the role of government accounting in ensuring proper evaluation of such projects (Ayodele & Oloyede, 2024).
This study seeks to explore how public sector accounting practices can enhance the evaluation of the Abuja-Kaduna Railway Project, providing insights into financial accountability and the effective use of funds in public infrastructure projects.
Objectives of the Study
- To assess the role of public sector accounting in evaluating the financial management of the Abuja-Kaduna Railway Project.
- To examine how public sector accounting practices contribute to financial transparency and accountability in large-scale infrastructure projects.
- To identify challenges in the financial management of the Abuja-Kaduna Railway Project and recommend strategies for improving financial oversight.
Research Questions
- How do public sector accounting practices help evaluate the financial performance of the Abuja-Kaduna Railway Project?
- To what extent do public sector accounting practices promote financial transparency and accountability in infrastructure projects?
- What challenges exist in the financial management of the Abuja-Kaduna Railway Project, and how can they be mitigated?
Research Hypotheses
- Public sector accounting significantly improves the financial evaluation and management of infrastructure projects like the Abuja-Kaduna Railway.
- Effective public sector accounting practices enhance transparency and accountability in large infrastructure projects.
- Financial mismanagement and inadequate accounting oversight are key challenges in the Abuja-Kaduna Railway Project.
Scope and Limitations of the Study
This study focuses on evaluating the role of public sector accounting in the Abuja-Kaduna Railway Project, specifically from 2016 to 2025. It aims to assess financial transparency, accountability, and efficiency in the management of the project. Limitations include potential challenges in accessing detailed financial data and the reluctance of relevant authorities to share sensitive information.
Definitions of Terms
- Public Sector Accounting: The process of managing financial resources in government institutions, ensuring that funds are appropriately allocated, tracked, and reported to achieve the intended objectives.
- Infrastructure Development: The construction and improvement of basic physical systems, including transportation, utilities, and public buildings, essential for societal development.
- Abuja-Kaduna Railway Project: A major transportation project aimed at connecting the Nigerian capital, Abuja, with Kaduna, improving transportation efficiency, and fostering economic development.
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