NIGERIA'S PUBLIC SECTOR PERFORMANCE AUDIT EFFECTIVENESS: A THEORETICAL APPROACH

Abstract

Over the past few decades, "value for money" audits also referred to as performance audits have grown in popularity in the public sector. This article investigates the efficiency of performance audits in the Nigerian public sector. It makes an effort to review the numerous writings of work done on the topic by some authors. The article specifically looks at the Nigerian public sector, its governance, and the ideas of performance audit, efficacy of performance audit, and public sector. The paper used a qualitative research design. It was noted that earlier research on the efficacy of performance audit had been conducted in various nations. Studies from Nigeria concentrated on performance auditing as a means of ensuring public sector accountability, its metrics, and the function of the Supreme Audit Institution. They also examined the relationship between performance auditing and the effectiveness of the public sector's budget. However, this study revealed that the Nigerian public sector is plagued by a number of issues that call into doubt the efficiency of performance auditing. In order to increase the efficacy of performance audits in the Nigerian public sector, the paper provided certain recommendations that, if followed by the government, would improve performance audit effectiveness in the sector.