Analyzing the Impact of Stakeholder Engagement on Transparency and Accountability in Public Sector Budgeting

Abstract

This study analyzed the impact of stakeholder engagement on transparency and accountability in public sector budgeting in Nigeria. It examined the relationship between stakeholder engagement strategies, budgeting transparency and accountability in federal ministries in Nigeria, as well as scrutinized the influence of conflict of interest management on budgeting transparency and accountability in federal ministries in Nigeria.A mixed-method research approach was employed. The population consisted of all federal ministries in Nigeria. Purposive and simple random sampling techniques were used to select five ministries actively involved in the budget process. Data were collected using a cross-sectional survey research approach, chosen due to the limited scope of the independent variable. This design entailed fieldwork to gauge the thoughts, views, and emotions of specific groups, typically selected through demographic sampling. Questionnaires were distributed to stakeholders associated with each ministry.The results revealed that the Pearson correlation matrix indicates strong positive correlations among all variables, with SPL showing notable correlations with SD (0.72), CC (0.65), ST (0.68), and SI (0.61). The regression results revealed that the coefficients for SD, CC, and STI are all positive and statistically significant.