Abstract :

The study explored the administration cost and domestic financing in Nigeria with reference to organization of government departments and agencies regarded cost management. As regarded in this study, National Commission for Museum and Monuments Ile -Ife, Osun State was used as case study of a governmental Institution. Thus, 150 questionnaires were distributed among the museum staff in other stations and other government departments and agencies for a cross balancing of facts of the variables used in the study. Independent variable, proxied, (general administration cost) and dependent variable, proxied (internal loan). Structured questionnaire was employed as Primary data. Hypothesis was raised and tested. Chi-square statistics simple percentage, tabulation, Ordinary Least Squares (OLS) and SPSS were adopted. The study found that the Chi-Square statistics showed that general administration cost had a significant relationship on the internal loans of the Nigerian government. The study concluded that government administration cost had a significant impact on domestic financing of Nigerian government. The study recommended that national budget in running the administrative offices should be reduced and manage efficiently in order to curb excessive spending.

---

Keywords :

Domestic Financing, General Administration cost, Internal Loan

---

References :

1. Ali, A., Ahmad, F., & Ur- Rahman, F. (2016).Impact of Government Borrowing on Financial Development..MPRA. https://mpra.ub.uni-muenchen.de/78100/. April 6, 2017.
2. Andrea, F. P., Dhaneshwar, G., Olumuyiwa, S. A, & Lamina, N. (2016). Sovereign Bonds in Developing Countries: Drivers of Issuance and Spreads. Science Direct Review of Development Finance 6(1), 1–15.
3. Ayange, A., Abner, U. E., Prince, I., &Ndubuaku, V. (2020). Security Expenditure on Economic  Growth in Nigeria. Humanities & Social Sciences Reviews, 8(3), 553-561. https://doi.org/10.18510/hssr.2020.8360. May 30th, 2020.
4. Ben, E. U., Udo E. S., Abner I. P., Ike, R. N., Tingir, T. J., &Ibekwe, U. J. (2018). Effect of Administrative Capital Expenditure on Economic Development: An Emerging Nation Outlook. Journal of Internet Banking and Commerce, 23(1), 1 – 17
5. Central Bank of Nigeria (2005).Statistical Bulletin annual report 16,(B1.1), 149-180.
6. Ibrahim, A.B., Olarewaju, F. O.,Oluwatomisin, A., & Adebayo, M. (2016).Empirical Analysis of the Effects of Domestic Debt on Nigerian Economic Growth.International Journal of Social Sciences and Humanities Reviews Vol.6 No.1, February, 2016; p.40 – 50,
7. Idris, M., & Bakar, R. (2017). Public Sector Spending and Economic Growth in Nigeria: In Search of a Stable Relationship. Asian Research Journal of Arts & Social Sciences. 3(2): 1-19.
8. Ifeanyi O. N., & Umeh, G. N. (2019). Deficit Financing and Economic Growth: The Nigerian Experience. International Journal of Economics and Financial Management 4(1). E-ISSN: 2545 – 5966.
9. Igbodika, M. N., Chukwuemaka, O. O., Jessie, I. C., & Andabai, P. W. (2016). Domestic Debt and the Performance of Nigerian Economy (1987-2014): An Empirical Investigation. European Journal of Research and Reflection in Management Sciences 4(3), 2016 ISSN 2056-5992.
10. Iyoha, F. O., Gberevbie, D. E., Iruonagbe, C. T. &Egharevba, M. E (2015).Cost of Governance in Nigeria: In Whose Interest? World Academy of Science, Engineering and Technology International Journal of Social, Education, Economics and Management Engineering 9(1).
11. James, O. B., Symon, K., Aquilars, M. K., &Mose, G. (2015).Effect of Domestic Debt on Economic Growth in the East African Community. American Journal of Research Communication, 3(9): 73-95.
12. Jelilov, G., & Musa, M. (2016).The Impact of Government Expenditure on Economic Growth in Nigeria.Sacha Journal of Policy and Strategic Studies, 5(1), 15–23. www.sachajournals.com.
13. Jeff-Anyeneh, S. E., &Ibenta, S. N. (2019). Government Expenditure and Economic Growth: Evidence from the Nigeria Economy (1981 – 2016). Advances in Research (AIR). 19(4): 1-14.
14. Lidiema, C. (2018). Effects of Government Borrowing on Private Investments in Kenya. Journal of Finance and Economics Science and Education Publishing. 6(2), 49-59. DOI:10.12691/jfe-6-2-3. http://pubs.sciepub.com/jfe/6/2/3. April 28,2018.
15. Liu, E. & Jonathan, P. (2017). The Effect of Foreign Lending on Domestic Loans: An Analysis of U.S. Global Banks. International Finance Discussion Papers 1198. https://doi.org/10.17016/IFDP.2017.1198.  Feb. 27,  2017.
16. Njoroge, C. M. (2015). Effect of Domestic Public Debt on Economic Growth in Kenya. Department of Finance and Accounting, School of Business University of Nairobi, Kenya. RN: D63/68353/2013.
17. Nwamgbebu O.P., Oketa C.E., Agba C.C., & Nwambe, C.O. (2019). Effect of Value for Money Auditing on Cost of Governance in Nigeria: Evidence from Local Government Councils in Ebonyi State, Nigeria, International Journal of Academic Research in Accounting, Finance and Management Sciences 9(1), 170-178.  http://dx.doi.org/10.6007/IJARAFMS/v9-i1/5954. Jan., 2019
18. Obasi, C. N., Asogwa, F. O., &Nwafee, F. I. (2018).Military Expenditure and Human Capital Development in Nigeria. American Journal of Economics 8(5), 221-229.
19. Okeke, M. I., & Eme, O. I. (2015). Cost of Governance and Its Implications on Nigeria’s Economy. Kuwait Chapter of Arabian Journal of Business and Management Review  4(5).
20. Okwu, A. T., Obiwuru, T. C., Obiakor, R. T., &Oluwalaiye, O. B. (2016). Domestic Debt and Economic Growth in Nigeria: Data-Based Evidence. Greener Journal of Economics and Accountancy. 5(1),001-012. ISSN:2354-2357 http://doi.org/10.15580/GJEA.2016.1.101516164  Nov.,2016.
21. Osuji, C. C. (2018). Federal Government Recurrent Expenditure and the Nigerian Economy. International Journal of Management Sciences and Business Research. 7(8) http://www.ijmsbr.com. Aug.,2018
22. Ryan, M. (2019). Administrative Costs in Accounting: Definition & Examples. https://study.com/academy/lesson/administrative-costs-in-accounting-definition-examples.html.Nov.,2019
23. Sanja, F., Lidija, B., & Snežana, K. (2016).The Significance of Domestic Financing for Economic Growth in the South East European Countries. Industrija, 44(1): 113-131. DOI:10.5937/industraij1-9651.
24. Wenyi, S., Shu-Chun, S. Y., & Luis-Felipe, Z. (2018).Government Spending Effects in Low-Income Countries. Journal of Development Economics. 133: 201-219 Htpps//doi.org/10.1016/j.jdeveco.2018.02.005.July, 2018.