Eduproject.com.ng logo - RESEARCH PROJECT TOPICS AND PROJECT TOPICS ON EDUCATION

PROJECT TOPIC: THE CONCEPTS OF COST CONSCIOUSNESS IN THE MANAGEMENT OF PUBLIC FUNDS

Project Body:


CHAPTER ONE

INTRODUCTION

1.1        BACKGROUND OF THE STUDY

It has been said that government is the largest single industry in every country. This is because, it covers a wide range of human activity. The main purpose of government everywhere in the world is to give some services to prepare who live and  work in the state. how well a government serves its citizens determines the degree of the acceptability and continuity of it. This quest ion of being responsive to the needs and requirements of the governed can be assessed by  the degree of honesty backed by a tested practice of public accountability and prudence in the management of public funds. In a nutshell, it is the government responsibility to see that the publics money is not wasted; that it is used with the greatest  efficiency and is applied only to the purpose which are authorized by law; to achieve this is to b e cost conscious. Strict control over spending of public money should be emphasized if the need is achieved.

This situation in Nigeria has been reported non-handy as regards the management of public funds. Observation an d news of misdirected resources an d misplaced abounded uncompleted profects and the manageably surviving ones may be destined to some awful as a consequence of corruption and Inefficiency in the public sector.Opere (1986:5) Explained that corruption in Nigeria is a way  to life with most  people pregnant with the spur to get rich quicker. This issue of corruption and inefficiency acceptable is complex.

When one has arisen to position of eminence, there is notably and usually a long line of people looking up to him for assistance. In large part however, the one’s high principle will be subject to radical should he turn his back.Consequently, since Nigeria Independence in 1960, many government and their agencies have shaven and failed many because of outright squandermania in the systems. Unfortunately, however, financial regulations and economic policies do not only fail to meet the requirement of the modern economy, but also are poorly and Unfidiciously Implemented – resulting in hug e amount of financial loss in the system m. in fact it is apparent from the available data that Nigeria is not under developed but under managed.

From the above, numerous indicators point at  the need to secure the public funds and  judiciously administered to them for possible greatest benefit of the society at large.


Disclaimer: Using this Service/Resources: You are allowed to use the original model papers you will receive in the following ways:
  1. 1. This material content is developed to serve as a GUIDE for students to conduct academic research work
  2. 2. As a source for additional understanding of the subject.
  3. 3. As a source for ideas for your own research work (if properly referenced).
  4. 4. For PROPER paraphrasing (see your university definition of plagiarism and acceptable paraphrase)
  5. 5. Direct citing (if referenced properly)
  6. Thank you so much for your respect to the authors copyright.

Useful Links: