AN EVALUATION OF THE IMPACT OF CAPITAL BUDGETING ON ORGANISATIONAL PERFORMANCE A CASE STUDY OF ONDO STATE MINISTRY OF WORKS

AN EVALUATION OF THE IMPACT OF CAPITAL BUDGETING ON ORGANISATIONAL PERFORMANCE: A CASE STUDY OF ONDO STATE MINISTRY OF WORKS

ABSTRACT

This study was intended to evaluate the impact of capital budgeting on organizational performance. This study was guided by the following objectives; to determine the nature of capital budgeting; to determine the nature of organizational performance; to determine the impact of capital budgeting on organizational performance; to determine the impact of capital budgeting on the performance of Ondo state ministry of works. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the chi square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 50 employees of the Ondo state ministry of works. The study findings revealed that capital budgeting significantly impacts on organizational performance; based on the findings from the study, efforts should be made by the Nigerian government and stakeholders in promoting and ensuring capital budgeting and implementation.