BUDGET IN HIGHER INSTITUTION OF LEARNING IN NIGERIA

The main aim of this research work is focused on “Budgeting in Higher Institution of Learning in Nigeria “Federal Polytechnic, Okoh. The project set out to examine the effectiveness and efficiency of budgeting system in order to evaluate the past, present and future performance and trends in Federal polytechnic, Okoh’s system. In this project work, 50 questionnaires were distributed randomly among the staff at the institution. There were 100% responses as records in chapter four. Data were analyses using tables and percentage. Finding were as follows:- 1. Confusion as to the purpose of budget 2. Lack of definite goals spelt out in budge 3. Use of technical jargons 4. Appropriate method to be used in high institutions 5. There is no control on performance.