THE IMPACT OF PUBLIC SECTOR REFORMS ON FINANCIAL TRANSPARENCY AND CORRUPTION REDUCTION: EVIDENCE FROM NIGERIA
Abstract
This study investigates the effects of key public sector reforms on transparency in financial reporting and the reduction of corruption levels in Nigeria. Using a survey research design, primary data were collected from 520 civil servants across federal ministries, departments, and agencies (MDAs) in Nigeria. The research assessed four major reform dimensions: Government Budgeting Reforms (GBR), E-government Initiatives (EGI), Treasury Single Account (TSA) implementation, and International Public Sector Accounting Standards (IPSAS) adoption. Descriptive and regression analyses were employed to evaluate respondents’ perceptions and the statistical impact of these reforms. Findings reveal that IPSAS implementation and e-government initiatives significantly enhance transparency in financial reporting and contribute meaningfully to corruption reduction. Specifically, IPSAS adoption showed the strongest positive effect, underscoring its role in promoting accountability and reducing financial irregularities. E-government reforms also demonstrated substantial impact, highlighting the importance of digital tools in minimizing corrupt practices. While TSA reforms were found to positively influence corruption reduction, their effect on transparency in financial reporting was statistically insignificant. Government budgeting reforms, though directionally positive, exhibited weak and non-significant effects in both domains. The study concludes that technology-driven and internationally aligned reforms are more effective in fostering transparency and combating corruption than traditional budgeting adjustments. It recommends stronger political commitment, enhanced institutional capacity, and greater citizen engagement to maximize the benefits of public sector reforms in Nigeria.
This article is available as a PDF download
Published in UNIPORT JOURNAL OF BUSINESS, ACCOUNTING & FINANCE MANAGEMENT
ISSN: 1596-9911
This article appears in our peer-reviewed academic journal
View JournalRelated Articles
Explore similar research in our collection
THE IMPACT OF GLOBAL TRENDS IN DIGITAL PAYMENT SYSTEMS ON FINANCIAL PERFORMANCE AND OPERATIONAL EFFICIENCY OF LISTED DEPOSIT MONEY BANKS: EVIDENCE FROM MOBILE BANKING AND OTHER DIGITAL CHANNELS
EBE, EMMANUEL CHUKWUMA, NWANKWO, PETER EMEKA, OKEREKE, CHIMAOBI DARLINGTON
May 27, 2026
This study examines the effect of global trends in digital payment systems on the financial perfor...
View ArticleEFFECT OF DEBT CAPITAL ON PROFITABILITY OF LISTED FOOD AND BEVERAGE MANUFACTURING FIRMS IN NIGERIAN EXCHANGE GROUP FROM 2011-2022
DR. ELEKIMA, AMBIYE OKONTE, DR. WOMENAZU, HARRY, SUNDAY
May 20, 2026
The debt capital has been the major source of manufacturing companies’ fund for the purpose of p...
View ArticleWORKING CAPITAL MANAGEMENT AND FIRM VALUE OF LISTED PHARMACEUTICAL COMPANIES IN NIGERIA
BAMIGBOYE OMOLOLU ADEX, ADEGBOLA M. MAKINDE, ADEKUNLE ADEDAYO TIRIMISIYU
May 6, 2026
This study examines the effect of working capital management (WCM) on the firm value of listed pharm...
View Article