Sustainable Finance Strategy Development for Community-Based Organizations: Budget Planning, Impact Metrics, and Compliance in Nigerian Nonprofits
Abstract
This study explores the development of sustainable finance strategies for community-based organizations (CBOs) in Nigeria, with particular emphasis on budget planning, impact measurement, and regulatory compliance. As Nigeria faces significant socio-economic challenges, with approximately 87 million citizens living below the poverty line as of 2023, community-based organizations have emerged as critical actors in addressing local development needs. This research examines the financial management frameworks necessary for CBOs to operate effectively within Nigeria's evolving regulatory landscape, particularly under the Companies and Allied Matters Act (CAMA) 2020 and the Nigerian Not-for-Profit Governance Code 2023. Through analysis of budget planning methodologies, impact measurement frameworks, and compliance requirements, this study provides a comprehensive guide for developing robust financial strategies that ensure organizational sustainability while maximizing community impact.
Keywords
Sustainable Finance, Community-Based Organizations, Budget Planning, Impact Metrics, Nonprofit Compliance, Nigeria, CAMA 2020
Citations
IRE Journals:
Ifeoma Lynda Okpala "Sustainable Finance Strategy Development for Community-Based Organizations: Budget Planning, Impact Metrics, and Compliance in Nigerian Nonprofits" Iconic Research And Engineering Journals Volume 7 Issue 2 2023 Page 838-852 https://doi.org/10.64388/IREV7I2-1711289-4868
IEEE:
Ifeoma Lynda Okpala
"Sustainable Finance Strategy Development for Community-Based Organizations: Budget Planning, Impact Metrics, and Compliance in Nigerian Nonprofits" Iconic Research And Engineering Journals, 7(2) https://doi.org/10.64388/IREV7I2-1711289-4868
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