I am delighted to present the 2020 Federal Budget Proposals to this Joint Session of the National Assembly, being my first budget presentation to this 9th National Assembly.
I will also once again thank all Nigerians, who have demonstrated confidence in our ability to deliver on our socio-economic development agenda, by reelecting this Administration with a mandate to Continue the Change. We remain resolutely committed to the actualization of our vision of a bright and prosperous future for all Nigerians.
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Acting President Yemi Osinbajo, SAN, on May 18th 2017, signed three executive orders that will significantly change some of the ways government business and operations are conducted in the country forthwith.
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The Budget Office of the Federation was established to provide budget function, implement budget and fiscal policies of the Federal Government of Nigeria.
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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.
The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, explained that the 2020 Budget would consolidate on the achievements of the 2019 and 2018 Budgets and advance delivery of the goals of Nigeria’s Economic Recovery and Growth Plan 2017 – 2020.
Speaking during the public presentation of the 2020 budget in Abuja, the Honourable Minister disclosed that the FGN plan to spend more on critical ongoing infrastructure projects that have potentials for job creation and inclusive growth.
Government also intend to continue to leverage private capital and counterpart funding for the delivery of infrastructure projects.
Central Business Area,
P.M.B. 251 Amadu Bello Way Garki,
Abuja FCT,
Nigeria.
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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 three units. Each department is sub-divided into divisions for functional purposes.
All budget systems have three basic tasks: Maintain aggregate fiscal discipline, Allocate resources in accordance with government priorities, Promote the efficient delivery of services.