GUIDE TO UNDERSTANDING THE FEDERAL BUDGET
How Does the Federal Budget Affect Me?
The primary function of government is to provide public goods and services to its citizens and thereby meet their social and economic needs. Read More

Budget Office
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 - four operational departments and two service departments:
Revenue
Expenditure
Budget Monitoring and Evaluation
Fiscal Policy
Administration and Supplies
Finance and Accounts
Each department is sub-divided into divisions for functional purposes.

Function and Output of Budget Office

All budget systems have three basic tasks: Maintain aggregate fiscal discipline
Allocate resources in accord with government priorities
Promote the efficient delivery of services

Budget Preparation and Formulation.
This entails revenue estimation using current information on oil production and prices. It also involves estimation of non-oil receipts, and developing of a macroeconomic framework.

Budget Documentation

Specifying fiscal policy objectives, the macroeconomic framework, the policy basis for the budget, and identifiable major fiscal risks. In addition, the indication of expenditure estimates.

The statement of fiscal policy objectives and an assessment of fiscal sustainability provide the framework for the annual budget.
The FGN budget is prepared and presented within a comprehensive and consistent quantitative macroeconomic framework, with clear indication of the main assumptions underlying the budget provided.
New policies being introduced in the annual budget are clearly described.

More...
FGN BUDGET PRESENTATION
Procedures For Budget Execution