Background of the Study
Financial transparency is a cornerstone of good governance, ensuring accountability, efficiency, and trust in government operations. In Nigeria, the Ministry of Finance plays a pivotal role in managing the nation’s financial resources, making its level of transparency critical to achieving sustainable development. Financial transparency involves clear, accessible, and accurate financial reporting, budget disclosure, and the effective monitoring of public funds.
The Nigerian government has implemented several initiatives, such as the Treasury Single Account (TSA) and the Open Treasury Portal, to enhance transparency. However, challenges persist, including inadequate compliance with reporting standards, corruption, and weak enforcement mechanisms (IMF, 2024).
This study evaluates the effectiveness of financial transparency practices in the Ministry of Finance, Abuja, providing insights into the challenges and opportunities for improvement.
Statement of the Problem
Despite efforts to promote financial transparency, Nigeria continues to grapple with issues such as financial mismanagement, corruption, and lack of accountability. The Ministry of Finance, a key institution in the management of public funds, faces scrutiny over its financial reporting practices and compliance with international standards.
The limited empirical research on the financial transparency of government institutions, particularly the Ministry of Finance, hinders the development of effective policies. This study seeks to address this gap by assessing the ministry’s transparency practices and their impact on governance.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
The study focuses on the financial transparency practices of the Ministry of Finance, Abuja, from 2015 to 2025. Limitations include restricted access to confidential government data and the influence of political factors on transparency.
Definitions of Terms
Abstract: This research addresses equity and access issues in early childhood education (ECE) in Nigeria, ai...
INTRODUCTION
Many reservoirs are made up of sediments that are just a few million years old, and since these sediments a...
ABSTRACT
This study examined the factors affecting the implementation of immunization. This study inves...
Abstract:
This study investigates the role of management accounting in sustainability reporting in Lago...
Chapter One: Introduction
Background of the Study
Reward systems play a crucial role in shaping employee behavior, motivation, and overall performance within an or...
ABSTRACT
Soil erosion is the removal/movement of soil particles from one area to another; and one method of preventing these soil particl...
ABSTRACT
Human resource management is fundamental to quality education delivery inuniversities. This is due to the fact that for a univer...
Background of the Study
Public willingness to pay property tax is a critical determinant of its effectiveness as a revenue-...
Background of the Study
Rural electrification is a vital part of Gombe LGA’s development agenda, aimed at improving the living stan...