EVALUATION OF CAPITAL BUDGETING IN PUBLIC SECTOR ORGANIZATIONS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Capital budgeting decision usually involves substantial’s expenditures on new assets. These decisions are particularly important because the firm losses much of its flexibility by looking into projects and because budgeting decisions define the firm strategic direction. Capital budgeting in Ikorodu local government is very vital and must be approached with all sense of diligence. This project is intended to create awareness in capital budgeting in Nigeria local government. The need for this study arises from the variation in capital budgeting in Ikorodu local government that has been noticed and this research work hoped to improve the standard. In order to achieve this, project has gone into so many past works of authors and related literatures. The data for the study were made up of primary data. Interviews and questionnaires were used for proper and precise responses. The questions were of the closed type. This was done to empower the respondents and chi-square was used to analysis the result.
Capital budgeting decisions are made in terms of both quantitative factors (monetary measure of costs and benefits) and qualitative factors (non-monetary measure of costs and benefits). Capital budgeting decisions are particularly difficult in non-profit organizations such as national and local government organizations, since it is not always possible to precisely quantify the costs and benefits of a project.
The major findings that emerge from the study can be summarized as follows:
i. There is relationship between effectiveness of Ikorodu Local government and optimal allocation of resources
ii. There is relationship between efficiency of Ikorodu Local government and optimal allocation resources.
iii. Effectiveness and efficiency of capital budgeting improve the revenue generation of Ikorodu Local government
From the above mentioned summary of major findings, it is observed that capital budgeting is very relevant to public sector organizations.
It was recommended that capital budgeting aids planning of annual operations, co-ordinating the activities of the various parts of the organization, communication of plans to various responsibility centre manager, motivating managers to achieve organizational goals. Control of activities and evaluation of the performance or governmental institutions or government and its enable the management of nonprofit organization to make more informed decisions about the allocation of resources to meet the overall objectives of the organization.
Related Project Materials
PROBLEMS ENCOUNTERED BY MANAGERS IN SETTING UP A SMALL SCALE HOSPITALITY BUSINESS
EXCERPT FROM THE STUDY
According to the Indonesia Agency for Small and Medium Enterprises, small scale enterprises are d...
CYBER CRIME IN COLLEGES
Abstract
The aim of this study was to examine the perception of the impact of cybercrime in colleges in Nigeria us...
GLOBALIZATION AND NIGERIAN SOVEREIGNTY
Abstract
This work is centred on an in-depth examination and analysis of the impact of globalization on Nigeria&rs...
DRUGS ABUSE IN BAYELSA AND RIVERS STATE FROM 2010-2020
Background of the Study
Various people describe drugs in a variety of ways. By definition, a dru...
THE IMPACT OF EFFECTIVE PLANNING AND CONTROL ON THE PURCHASING ACTIVITIES OF A MANUFACTURING COMPANY (CABUARY LTD AS A CASE STUDY)
ABSTRACT
A company will have stated objectives, but the individual manager must interpret what company officials actually say and do. For...
THE ROLE OF INFORMATION SYSTEMS IN MARKETING STRATEGIES
THE ROLE OF INFORMATION SYSTEMS IN MARKETING STRATEGIES
Abstract: This study aimed to explore the...
ECONOMICS OF VEGETABLE PRODUCTION
ABSTRACT
The paper presents an economic analysis of vegetable production production in Ukwu...
IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY IN TODAY’S BUSINESS ENVIRONMENT
Abstract
The researcher aim at knowing the detail of office information an communication system &...
THE IMPACT OF CHRISTIAN RELIGIOUS STUDIES ON THE MORALS OF SECONDARY SCHOOL STUDENTS IN NIGERIA
Abstract
This research discusses the impact of Christian religious studies on the morals of secondary school students in...
EFFECT OF CRYPTOCURRENCY BAN POLICY ON UNEMPLOYMENT RATE IN NIGERIA
ABSTRACT
This study was carried out on the assessment of the effect of cryptocurrency ban policy on Une...
