Conference Paper

PUBLIC SECTOR GOVERNANCE AND FINANCIAL MANAGEMENT REFORMS IN NIGERIA

The study examines public sector governance with accountability and the attendant necessity and justification of government for proper accounting data through financial management reforms in Nigeria. The study adopted survey research method, and Primary data were collected, employing structured questionnaire. The questionnaire was administered on the staffers of selected financial commissions in Nigeria namely; the Financial Reporting Council of Nigeria (FRCN), the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offence Commission (ICPC). The data were analyzed using ordinary least square (OLS). The result showed that there is little or no effect of public financial management reforms on the accountability of public administrators because values of those who assume the positions of public governance has reflected a shift which can be related to the structural changes that have taken place in Nigeria politics and public administrations from the early 1980’s of the military era to the present day. The study concluded that as Government is trying to identify new mechanisms of accountability, focus should be on transformations taking place among traditional mechanisms of accountability. Keywords: Governance, Accountability, Financial management, Politics, Government.