Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 125

Full Length Research Paper

Political stewardship accounting for good governance in Ekiti state, Nigeria

Anthony Adekunle Owojori1*, Ishola Rufus Akintoye2 and Felix Adidu3
1Department of Educational Foundations and Management, Faculty of Education University of Ado-Ekiti, Nigeria. 2Department of Accounting, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria. 3Department of Business Administration, Delta State University, Abraka, Delta State Nigeria.
Email: [email protected]

  •  Accepted: 13 August 2009
  •  Published: 30 September 2009


This paper aimed at analyzing the importance of stewardship accounting in government ministries in Ekiti State and the causes of mismanagement in government-sector finance. The population comprised four thousand principal officers in the sixteen local governments of Ekiti State of Nigeria out of which four hundred were stratifiedly selected from each local government. The data were gathered through questionnaires while frequency counts, percentage scores and factor analysis were used to analyze the data.  The findings showed that stewardship accounting promotes good management of public funds, increases accountability and probity in the public sector and discourages embezzlement of public funds and promotes economics growth. It was therefore recommended that the government should make sure that stewardship accounting should be set up and strictly implemented for better reconstruction of good governance so as to guide against mal-administration of the public funds by public officers; and the ascertainment of proprietary of transactions and their conformity with established rules.


Key words: Politics, stewardship accounting, good governance.