CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Any research inquire is aimed at empirical reality which exist outside the mind of the observe. The aim of this research therefore is to understand the significance effect of budgetary control on the profit performance of Nigeria company.The success of an enterprises depends largely on the establishment and execution it’s quantitative and qualitative course of action prepared and approved prior to the defined period of time (Lucet, 2004).Budgetary control is therefore sees as a wheel that rolls the organization towards the achievement of it’s long and short term cooperate objective it is therefore evident from the above assertion that the effectiveness of budgetary control can not be over emphasized. Over the tears the budgetary controls have not been able to achieve the desired result due to certain inadequate and deficiencies which constitute both technical and human defects (omolehinwa, 2000).Most industries in Nigeria today are face with the problem of forecasting future event like inflation rate and cost behaviour due to unstable economy especially since the introduction of structural adjustment programmes (SAP) In 1986 Lated in Omolehinwa 200). This project work therefore look into the effect of budgetary control on the profit performance of company in Nigeria with focus on manufacturing industries and how the aforementioned inadequate and deficiencies could be rectified.
