ABSTRACT

The objective of this project is to appraise the effect of budgetary control on the performance of' private sector [a study of GUARDIAN EXPRESS ASSURANCE LIMITED,LAGOS-STATE,NIGERIA].As well as to ascertain whether the system of their budgetary comply with normal laid down budgetary control techniques or not. The work discussion the importance of planning for the future with the scarce available resources at their disposal of the company to achieve its goal in the most efficient and effective manner. There was a digression into the study of related literature works of past Authors and the view of many writers were reviewed to identify specific areas where budgetary control system can be of help to the company. Primary data were used which include the followings: the use of' questionnaires, and oral interviews. Also secondly data were used and they include documented facts and figures and some literatures were also reviewed. The population size of the study is selected from the staff of GUARDIAN FXIRESS ASSURANCE LIMITED and they amounted to 120 staffs. The sample size used by the researcher was gotten using TARO YAMANI and the sample size was 92 according to the questionnaires shared to the staffs. The findings from the research how that there is significant effect on the performance of private sectors and also that the budgetary control has an effect on the revenue and net profit of the company. The researcher recommends that the budget committee practically help by advice or otherwise in the preparation of their respective budget. Some flaws discovered could be averted if' the internal audit which is a management eye in all its affairs lives up to expectation.