Achieving Optimal Macro-Economic Management of Public Fund in Nigeria

Abstract

This study seeks to examine the ways of achieving optimal macro-economic management of public funds in Nigeria. The study employed the survey design simply because the design is more suitable for the study of this nature. The population of the study comprises of the account operating department of the office of the accountant general of the federation and that of the central bank of Nigeria (CBN). This population was two hundred and twenty (220) and the sample size of one hundred was obtained using non-probability sampling techniques. The study adopted conveniences stratify sampling technique by selecting 50 each from the office of the accountant general of Nigeria and the central bank of Nigeria respectively. The data used were primary data, sourced through the questionnaire method. Data collected were presented via table description. The study further used chi-square to make comparison and estimated by the special package call SPSS. Analysis from the study shows no lapses exist in the procedure used by the officers in fund management section of CBN and the Accountant General of Federation. The study therefore recommends that there should be legislative reforms to enforce compliance, probity, and prudence in the management of public funds in Nigeria.