Browsing by Author "Itodo, S. M."

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    EMPIRICAL REVIEW OF BUDGET REFORMS PROGRAM IN NIGERIA
    (Department of Public Administration, Nasarawa State University, Keffi., 2018-09-07) Itodo, S. M.; Yusuf, Abdullahi Ogwuzebe
    The public sector budget in Nigeria, as in any other nation of the world, remains the most important policy thrust instrument or tool for different purposes including: economic, political, social and developmental. The Nigeria Federal budget has been facing a myriad of challenges dispossessing it of the powers to achieve its expected goals. Those problems include institutional, social and leadership dimensions. Budget management reforms were the major areas of the Nigeria Public Service reforms embarked upon since the inception of civilian administration in 1999. The major objective was to enhance budget discipline among others. This zoas predicated on the theoretical considerations that improving the process and management of budgeting through reforms would ultimately translate into improved budgetary outcome. This paper empirically investigated the impact of budget reforms on the quality of budget management in Nigeria. It zoas therefore recommended that government should provide the leadership and political zoill not only to enforce the provisions of FRA. MTEF and other reform but to sanction those that short circuit the system to their advantage. This zoill go a long zoay to enhance compliance zoith the reforms and bring about the expected improvement in the quality of the nation's budget management. The paper concludes by making impeccable suggestions on hozo to curtail the monster before it finally ruins the budget process completely.
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    IMPACT OF FINANCIAL INTERMEDIATION ON MONETARY POLICY EFFECTIVENESS IN NIGERIA
    (Department of Public Administration, Nasarawa State University, Keffi., 2018-12-09) Itodo, S. M.; Umar, Elems Mahmoud
    The need to be able to assess properly the extent of the relationship between financial intermediation and monetary policies of the Central Bank of Nigeria (CBN) gave rise to the study on 'impact of Financial Intermediation on Monetary Policy Effectiveness in Nigeria': It is evidently clear that financial systems world over are heavily regulated in order to achieve the macroeconomic objectives of the government. Nigeria is not an exception. For this reason, the 'Researcher carried out an in-depth study of the relationship between the dependent and independent variables of the study in an attempt to verify that financial systems are not only heavily regulated but also that monetary policy effectiveness is achieved. The source of data is from the CBN's statistical bulletin and therefore secondary in nature. The data collected wcs&r£. analysed using regression analysis. The results of the analysis showed that cash reserved ratio and interest rate have statistical and significant influence on demand deposit and loans and advance, respectively. Consequently, it was concluded and recommended that the Central Bank (CBN) and the Financial Intermediaries are not only to ensure that the effectiveness of monetary policies is maintained at all times but also that the issue of Financial Intermediation should be accorded priority in the agenda during the Bankers' committee meetings.