Role Of Budget Management On The Performance Of Tertiary Institutions In Enugu State, With a Specific Focus On The Institute Of Management And Technology (Imt), Enugu 2020 -2025

Abstract

This study examined the role of budget management on the performance of tertiary institutions in Enugu State, with a particular focus on the Institute of Management and Technology (IMT), Enugu. The objectives of the study were to investigate the effects of budget planning, budget implementation, and budget control and monitoring on institutional performance, staff and student welfare, and financial accountability. The study adopted a descriptive survey research design. Primary data were obtained through structured questionnaires administered to a sample of 244 staff drawn from the population of 624 employees using the Taro Yamane formula. Stratified random sampling was employed to ensure representation across academic and non-academic staff. Data collected were analyzed using mean scores and standard deviation, while regression and ANOVA were used to test the hypotheses. The findings revealed that budget planning significantly influences institutional performance by improving resource allocation and service delivery. Budget implementation was found to have a positive and significant effect on staff and student welfare, highlighting the need for effective execution of budgetary provisions. Similarly, budget control and monitoring significantly enhanced financial accountability and transparency, thereby reducing leakages and promoting institutional sustainability. The study concluded that effective budget management is a vital determinant of the performance of tertiary institutions. It recommended that tertiary institutions adopt participatory and forward-looking budget planning processes, ensure timely and consistent implementation of budgets, and strengthen monitoring and control mechanisms to foster accountability and transparency. These measures will improve staff motivation, student satisfaction, and the overall performance of higher institutions in Nigeria.