Budgeting Systems in Universities in South-West Nigeria

  • AT Alabi
  • OM Olubunmi
  • AA Yusuf
Keywords: Budgeting Systems, Government Universities, South-West Nigeria


This study examined the types of budgeting systems adopted by universities in South-West Nigeria. Stratified random sampling was used to select seven universities from five states within the hinterland of Nigeria’s South-West geopolitical zone. A questionnaire entitled Budgeting System Questionnaire was used to collect data. The data were analysed using descriptive statistics. The findings were that the mostly adopted budgeting system by the sampled universities was incremental type with 46.7%, in comparison with line-item, planning programming and zero-based budgeting systems with 33.33%, 16.67 % and 8.33%, respectively. Also, out of the total sum of N80,115,006,285 as expenditure on six selected priority areas in the three academic years by the sampled universities, salaries and allowances had the highest amount of expenditure (i.e. N60.412,111,285) (75.41%) while research and publications had the lowest amount of N211,528,456.64 (0.26%). Based on the findings, it is recommended that the incremental budgeting system which is majorly adopted by universities in Nigeria should be carefully guided to discourage corruption and financial recklessness as it encourages spending up to the budget towards the end of the year so that the budget is maintained the next year. It is also recommended that the NUC gives an award to any university that allocates at least five percent of its revenue expenditure to research and publications.

Keywords: Budgeting Systems, Government Universities, South-West Nigeria.


Journal Identifiers

eISSN: 2707-6113
print ISSN: 1816-6822