REVIEW OF RELATIONSHIPS BETWEEN IMO STATE GOVERNMENT’S ANNUAL BUDGETS ALLOCATIONS ON ROAD DEVELOPED 2008 -2018

Abstract

Road growth is a ref for progress in any society, but when hope of the public from government’s annual budgets on road was dashed it creates apathy amid the public. Since economic growth of a state relies greatly on roads built as it rolls on all areas.  The aim was to review the relationships between the state’s yearly financial plan on road and roads built in Imo State of Nigeria. The objectives were to examine government’s annual funds allocation and the executions on roads and to see if the amounts spent on roads replicate on the roads built. Explanatory research was used in this study and data accrued using secondary process were analyzed with Pearson correlation and analysis of variance while statistical tools used were statistical package for social sciences (SPSS) version 23 and 25 respectively. The major findings from H01 of the study show that annual budgets spent on roads created were flawed. Using Pearson correlation and SPSS version 23 to test H01, the result had P value of 0.752 while with analysis of variance and SPSS 25, the results prove that annual budgets on roads built failed to equal the number of roads developed as it shows 2% on the amounts spent with P-value of 0.617. Roads created explained 21% of the variants on the amounts used on roads while budgeted amounts on roads proves about 2% of the disparity on proposed roads. Thus, H0 was accepted as the roads built were not in ratio with the money spent on roads built. The study advises government to employ a proper budget planning and allocations, budget executions and monitoring combined with feedback and routine assessment.