TRANSPARENCY AND ACCOUNTABILITY: KEYS TO SUCCESSFUL FINANCIAL MANAGEMENT IN NIGERIAN TERTIARY INSTITUTIONS

Olu. Adesola Famade

Department of Educational Foundations

Kano University of Science and Technology, Wudil, Kano State, Nigeria.

Email: solamade63@gmail.com

ABSTRACT

Transparency and Accountability are key elements of good governance, be it at governmental or institutional levels. Transparency is all about free flow of information while Accountability presupposes that holders of public or institutional office should and must be accountable to the various stakeholders. When fully and properly applied, financial transparency and discipline could help fight and minimize corruption, ensure good governance at both public and institutional levels, and promotes sustainable development. The Nigerian tertiary institutions, universities in particular, being the citadels of learning are expected to play leading roles in the fight against corruptive tendencies by providing a pathway to financial prudency in the management of their finances and resources.

Keywords: Transparency, Accountability, Financial Accountability, Fiscal Discipline, Fiscal Transparency, Finance Management.