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Inside The Budget Office of the Federation
The Budget Office of the Federation was established to provide budget function, implement budget and fiscal policies of the Federal Government of Nigeria.
The Budget Office is structured into six departments - six operational departments and seven units.
The departments are Revenue/Fiscal Policy, Expenditure Social, Expenditure Economics, Budget Monitoring and Evaluation, Human Resources Management, Finance and Accounts. The Units are ICT, ACTu, Procurement, Legal, Stock Verification, Internal Audit and Servicom.
Honourable Minister of Finance, Budget and National Planning Presented the 2021 Budget Proposal
The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, explained that the macroeconomic environment was significantly disrupted by the Covid-19 pandemic, necessitating Mr. President’s presentation of a revised 2020 budget on 28th May, 2020 which was signed into law on 10th July, 2020.
Interestingly, the 2021 FGN Budget Proposal was also laid on the 8th of October, 2020. This underscores the Buhari Administration’s commitment to firmly return the country to a January – December Budget cycle.
The FGN 2021 Budget of ‘Economic Recovery and Resilience’ is expected to reposition the Nigerian economy on the path of recovery, growth and resilience.
