American Journal of Environment and Sustainable Development
Articles Information
American Journal of Environment and Sustainable Development, Vol.2, No.3, Sep. 2017, Pub. Date: Jul. 27, 2017
Effect of Weak Public Financial Management on Public Sector Management and Sustainable Development in Nigeria
Pages: 23-32 Views: 113 Downloads: 38
Authors
[01] John Nkeobuna Nnah Ugoani, College of Management and Social Sciences, Rhema University, Aba, Nigeria.
Abstract
Corruption and weak PFM system are among the major factors that frustrate sound PSM and national sustainable development aspirations. FRs in all ramifications is designed to support probity and accountability in financial management in the public sector but these are often breached because of greed and corruption. Some public officers in Nigeria do not adhere to the basic principle of Mr. Average which implies that an average reasonable man is one who takes decisions and applies discretionary powers that are defendable and justiable under the law or any other existing regulations in the administration of public affairs. This lie at the heart of weak PFM and PSM. The exploratory research design was used for the study and it was found that sound PSM and sustainable development requires effective PFM in Nigeria.
Keywords
Financial Regulations, Discretionary Powers, Accountability, Probity, PFM
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