The Nigeria Finance Act, Tax Reforms and Public Sector Financial Management in Ogun State
The Federal government recently embarked on tax reforms to provide a supportive fiscal policy framework for achieving macro-economic objectives. Quite several studies have been carried out on the subject, but this study zeroes in on Ogun State. This study adopted a survey research design. This study was conducted to examine the impact of the Nigerian Finance Act, with a focus on tax reforms, on public sector financial management in Ogun State. The population of the study comprised the 47 ministries in Ogun State, 5 of which were purposively selected for appropriate sampling. From each Ministries, 20 employees were purposively selected for appropriate sampling, leading to 100 respondents contacted for the study. The primary method of data collection was adopted while five-point Likert scale questionnaire was used to gather the necessary data for appropriate sampling. Multiple regression was used to test the study's hypotheses. Findings shows that both Nigeria Finance Act and Tax Reform have a significant effect on public sector financial management in Ogun state ministries It was also revealed that Nigeria Finance Act and Tax Reform have a significant effect on transparency and accountability in public sector financial management in Ogun state ministries. The study concluded that there should be continuous enforcement and review of the Nigeria Finance Act to address emerging fiscal challenges and ensure compliance with international best practices. Also, the government should invest in advanced digital tax administration systems to enhance revenue tracking and reduce leakages in public systems and administration in Ogun State. Keywords: Finance…
Keywords: Finance Act, Public sector Financial Management, Transparency, Accountability, Tax Reform
Citation: Tonade, M.A., Odewole, O.B., & Oyebanjo, O.A. (2025). The Nigeria Finance Act, Tax Reforms and Public Sector Financial Management in Ogun State. International Journal of Innovative Research in Accounting and Sustainability, 10(4), 43-58.