ABSTRACT
The Management of revenue and accountability in Nigeria telecommunication
limited and power holding company of Nigeria came under focus in recent time.
The aim of this study is to investigate the effects, and problems of management
of revenue generation and accountability with the view of finding feasible
solutions to these recurrent problems. Both primary and secondary data were
used in the study of selected parastatals in Nigeria. Primary data were collected
through questionnaire and interview as an instrument of data collection. Chisquare
was used for the data analysis, which was needed to test the formulated
hypothesis, consequently the following findings were made from the research.
The researcher envisaged the misappropriation of funds/or diversion of funds
and inappropriate recording of financial statement. Administrative and
Bureaucratic bottle-neck constitute delays in payment of salaries and wages of
the staff of these parastatals and this leads to poor service delivery to their
customers. The researcher identified that non incorporation of GSM and
advanced technological innovation has drastically reduced the revenue profiles
of these parastatals and non prompt payments of bills by the customers. Based
on the above findings the following recommendations were made: proper
financial mechanism and routine auditing, checking of financial records and
budgetary process should be enhanced to ensure increase in revenue base and
accountability of these parastatals.
