Budgeting, governance and Sustainable development in Nigeria: Military versus
Democratic era

P. A. Oti, Ph.D 1 & J. I. Otalor, Ph.D 2 *
1, 2 Department of Accounting, University of Calabar, Calabar
*corresponding author: john.otalor@admin

Abstract
One of the goals of sustainability studies is to determine the capacity of government to meet current
obligations without shifting the burden to other generations. The study seeks to ascertain whether
there is a difference in budgeting for sustainable development represented by accumulation of public
debt and deficit and expenditure on education, health and infrastructure representing concern for
future generations during the military and democratic eras in Nigeria spanning the period 1981 to

  1. The study used the Levene’s test for equality of variance and equality of means (Independent T test) to ascertain whether the population means of budgeting for sustainability during the military and democratic eras are significantly different statistically. The study finds that while aggregate debt accumulation during democratic rule was N372.11 billion higher than the military era, expenditure on education, health and infrastructure were similarly higher by N145.00 billion, N86.04 billion and N70.97 billion respectively. It can thus be seen that debt accumulation exceeded expenditure on the three variable measuring concern for future generations by N70.10 billion. The implication of this result is that expenditure on education, health and infrastructure may have been financed predominantly through public debt and deficit. The researchers also find that the average public debt for the period covered in the study is relatively high at N256.4 billion compared to the average expenditure on education, health and infrastructure of N93.02, N53.93 and N44.89 respectively. The study recommends that the Nigerian government should curtail its penchant for public debt to obviate shifting the burden of governance to future generations.
    Keywords: Budgeting, governance, unborn generation, democracy, military era

DOWNLOAD FULL TEXT HERE

https://afra.org.ng/wp-content/uploads/2022/03/pro2018015.pdf

Leave a Reply

Your email address will not be published.