Financial reporting is one of the best indices of accountability. However, accountability and transparency in Nigeria leave a lot of room for improvement. The accountability and control apparatus in the public service has some minimum technical components that should elicit tolerable standards of accountability and transparency. This paper examines Fiscal accountability, Managerial accountability, Program accountability, and Individual accountability within the context of the role of government/public sector financial reporting in public accountability in Nigeria. Personal interviews and Accountability Evaluation Questionnaires were used as research instruments. Descriptive statistics were employed in analysing the data. The study reveals that the effective implementation of development policies and programs is anchored on purity of action, honesty of purpose, probity and integrity, which are important hallmarks of accountability and transparency. There are reasonable regulations, albeit inadequate, due to outdated accounting procedures, stringent sanctions and poor public financial auditing. While financial reporting is considered the best index of accountability, it holds also that accounting remains the undisputable index of stewardship. However, both financial reporting and accountability stand to lack their true essence if they are based on outdated and unwholesome accounting procedures and practices that inhibit complete and accurate recording and measurement of government resource inputs and the resultant outputs.

The study is on the contribution of capital market variables on capital formation in Nigeria for the period 1991-2018. Three hypotheses are formulated in line with the objectives of the study. The study used gross fixed capital formation as proxy for capital formation and employed as the dependent variable; whereas, the explanatory variables include all share index (ASI), market capitalization (MCAP) and value traded (VST). Secondary data were collected from CBN statistical bulletin 2018 and the hypotheses were tested using Ordinary Least Square using multiple regression econometrics model. The study finds out that market capitalization has a positive significant impact on gross capital formation in Nigeria, value of share traded has a negative and insignificant impact on gross capital formation in Nigeria and all share index has a negative but significant impact on gross capital formation in Nigeria. The study concludes that capital market has significant impact on capital formation in the Nigerian economy. The study recommends that monetary authorities should put in proper measures that would regulate the value placed on the shares traded thereby encouraging both local and foreign investors to participate in the market and also device means to restore confidence in the market, particularly through ensuring transparency and fair trading and dealings in the stock market.

There are elements upon which a nations' economic development are dependent. The importance of Capital Market as one of the vehicles upon which most under-developed economies could grow cannot be overemphasized. The extent to which these economies experience the said growth is quite relative to the level of awareness and management of the market. Nigeria is not left out in the desire to maximize the gains of the capital market to boost its economy. This paper empirically examines the impact of the Nigerian Capital Market on the Nigerian economy looking at 18 years period from 2000 to 2018. The Nigerian Capital Market was proxy as Market Capitalization against some variables of the economy such as Gross Domestic Product (GDP), Total New Issues, Value of Transaction and Total Listed Securities. Using the multiple regression analysis, we find that Capital Market has an insignificant impact on the Economy within the period under review. The study therefore advised that policies and measures that would boost investors' confidence should be enshrined in the running of Nigerian Capital Market so that it could contribute significantly to the growth of Nigerian economy noting that all elements of the market are essential ingredients to the development of a nation.

Holding other variables constant, Exchange rate and unemployment is supposed to have an inverse relationship, is this really the case in Nigeria economy? Do oil price affect unemployment in Nigeria? Our study analyzed the accounting implications of oil price, interest rate and unemployment on Nigeria economic growth using data from 1981 to 2019 using ARDL and VEC model, our finding reveled that all variables have a short and long term association and are statically significant, hence we recommended Better economy policy should be put in place by government to curb unemployment because this have a long and short run implication on GDP, and if not properly managed can lead to economic and social vices; The government should formulate policy that are economically friendly in order to encourage local production to boost our export and improve our local currency (Naira) such that as exchange rate increase local production and firms, this will create employment opportunities for our teaming populations; and Increased in the oil price has really helped in boosting our GDP, however the economy should be diversify because any drastical drop in our oil price will definitely affect our GDP drastically both in the short and long run.