DIGITALIZED FINANCIAL MANAGEMENT PRACTICES AND ACCOUNTABILITY: EVIDENCE FROM NIGERIA MDAS’
Abdulrahman Kadir
Volume 11 Issue 1
Abstract
The global shift towards digitalization in public sector management has increasingly prompted governments to adopt technology-driven solutions to improve transparency, efficiency, and accountability. In Nigeria, digital accounting practices have become central to ongoing public financial management reforms, which aim to modernize the accounting systems within Ministries, Departments, and Agencies (MDAs). Sequel to this issue, this study investigated digitalized procurement management and Financial Reporting and Transparency on financial accountability among ministries, departments, and agencies (MDAs) in Nigeria. Data are collected through survey; the study's population comprises 588 eligible auditors from various ranks within the Offices of the Auditor-General for the Federation (AoGF) while the sample of the study is 233 staffs of Auditor-General for the Federation (AoGF) using Krejcie and Morgan (1970). Given the analysis from the results, the study concludes that both digitalized procurement management and Financial Reporting are significant and positive influence ministries, departments, and agencies (MDAs) in Nigeria. Thus, the study recommends the Ministry of Finance, should prioritize the expansion and integration of digitalized procurement systems that will enhance subsequent accountability among MDAs’ in Nigeria. Keyword: Digitalized Procurement Management, Financial Reporting, Transparency And Financial Accountability
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