- Title:
- Procurement planning and cost effectiveness of lower Benue River basin development authority Makurdi, Benue State, Nigeria
- Author:
Joseph Terngu Mshiaondo
- Author Affiliation:
Department of Procurement Management, JOSTUM University, Makurdi
- Received:Dec. 26, 2024
- Accepted:Jan. 23, 2025
- Published:Feb. 5, 2025
The paper examined the effect of procurement planning on cost effectiveness of Lower Benue River Basin
Development Authority Makurdi, Benue State, Nigeria. Specifically, the
study sought to: examine the effect of
regulatory compliance on cost effectiveness of Lower Benue River Basin
Development Authority, Nigeria and determine the effect of contract management
on cost effectiveness of Lower Benue River Basin Development Authority,
Nigeria. This study adopted survey research design, made use of (150) staff of Lower Benue River Basin
Development Authority in Makurdi Benue state Nigeria with 109 sample size which
shows that 109 employees represent 100% of the population. Data
were collected using a self-mixed questionnaire with response rate of 109
percent. The analysis of data was done using simple frequency distribution and
percentages. Multiple regression analysis t-test
was used alongside with Ordinary Least Squares (OLS) technique in estimation.
The Findings revealed that regulatory compliance and contract management has a
significant effect on cost effectiveness in Lower Benue River Basin
Development Authority Nigeria. The paper concludes that procurement planning has
a significant effect on cost
effectiveness in Lower Benue River Basin Development Authority Nigeria.
The paper recommends among others that; management in Lower Benue River Basin Development Authority Nigeria should
ensure regulatory compliance all through their procurement processes to ensure
cost effectiveness in the organization.
Procurement
planning, regulatory compliance, contract management and cost-effectiveness.
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