International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

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     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

Digital Transformation of Public Financial Management Systems: Lessons from Nigeria’s FMIS Reform

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Volume: 1 | Issue: 3 | Pages: 133-142

Subject: Finance

Country: Nigeria

DOI: https://doi.org/10.54660/IJMRGE.2020.1.3.133-142

License: CC BY 4.0

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Abstract

Digital transformation has emerged as a pivotal driver of efficiency, transparency, and accountability in public financial management (PFM). Nigeria’s adoption of the Financial Management Information System (FMIS) reform provides a critical case study for understanding both the opportunities and challenges inherent in digitizing PFM processes in developing economies. This paper reviews the implementation of FMIS in Nigeria, assessing its role in enhancing budget preparation, expenditure control, revenue management, and reporting standards. The study highlights the reform’s contribution to curbing leakages, reducing manual inefficiencies, and fostering fiscal discipline, while also analyzing persistent obstacles such as infrastructural deficits, capacity gaps, and resistance to change. Drawing on lessons from Nigeria’s experience, the review identifies best practices and offers insights for policymakers, development partners, and practitioners seeking to strengthen PFM reforms through digital transformation. The findings underscore that while FMIS reforms are not a panacea, their effective integration into broader governance frameworks can accelerate fiscal sustainability and improve public service delivery.

How to Cite This Article

Ridwan Abdulsalam, Blessing Olajumoke Farounbi, Ayomide Kashim Ibrahim (2020). Digital Transformation of Public Financial Management Systems: Lessons from Nigeria’s FMIS Reform . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 1(3), 133-142. DOI: https://doi.org/10.54660/IJMRGE.2020.1.3.133-142

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Publication Information

Journal: International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE)

Publisher: Anfo Publication House

ISSN: 2582-7138 (Online)

Frequency: Bimonthly

Language: English

Open Access: Yes - This article is distributed under the terms of the Creative Commons Attribution 4.0 International License

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