Description
Budget and budgetary control system as a tool for effective decision and planning – case study of Eternit ltd, Sapele.
Abstract
Budget and budgetary control system as a tool for effective decision and planning in Nigeria recently started receiving immense attention in most national dallies, since it was considered as one variable tool in the improvement of a national economy. There has been some contribution and assertions in some parlance that for a firm or an organisation to increase in their capital income, it is imperative that the individual or the organization should maintain a budget and budgetary plans system. It was against this background that the Federal Government of Nigeria through the apex bank (CBN) constitutes the bankers’ committees to give the anticipated financial assistance to individuals and organization with sound business proposals, the formation of budgets and budgetary control. This formation of budget and budgetary control was a modus operandi by Federal Government to improve the national economy through the encouragement of indigenous technology. The Federal Government was saddled with the responsibility of financing the budget and budgetary control system with low risk burden and favourable profit and returns.
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