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Public presentation of the 2024 Budget Proposals by the Hon. Minister of Budget and Economic Planning on Wednesday, the 29th November 2023.

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The Director General addressing the audience at the Public Presentation of the 2024 Budget Proposal

The Director General (Budget Office of the Federation ) leading the Minister of Budget and Economic Planning after Public Presentation of the 2024 Budget Proposal.

The Ministry of Budget and Economic Planning team during the 2024 Budget Proposal presentation at the National Assembly.

Honourable Minister of Finance, Budget and National Planning

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.

Our Mission

To provide efficient and qualitative budget functions to Nigeria, geared towards promoting fiscal sustainability, transparency and accountability in public finance management for national development in line with International best practices.

Our Vision

To be a world class technology driven budget institution that is a catalyst for equitable mobilization and distribution of the Nation's resources to engender sustainable socio-economic development.

Our Core Values

Accountability, Competence, Courtesy, Efficiency, Probity, Prudence, Responsibility, Transparency.

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The Honourable Minister of Budget and Economic Planning, called on the National Assembly for robust collaboration

The Honourable Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu has called on the National Assembly for robust collaboration with the Ministry of Budget and Economic Planning to ensure that the plans and visions of the Country are achieved.

The Minister made the call when the Leadership of the House of Representatives Committee on Aids, Loans and Debt Management paid him a courtesy visit in his office. Senator Bagudu said that the Ministry of Budget and Economic Planning is in charge of developing short, medium and long term plans for the nation and ” if we agree on a vision or plan as a nation, we should interrogate the plan to change what is wrong and where we are doing well, we continue to achieve the desired objective”.

To Provide Efficient and Qualitative Budget Functions to Nigeria.

Budget

Document containing a breakdown of allocations for each spending category as well as final expenditures.

NDP

The NDP is a National development plan developed by President Muhammadu Buhari's Administration for the period 2017 to 2020.

MTEF

The MTEF is a three-year planning tool that defines the government’s economic, social, and development objectives and priorities.

MTSS

A budget planning forum where key MDAs' capital and recurring expenditure requirements are planned over a three-year period.

OGP

An organization of reformers inside and outside of government working to transform how government serves its citizens.

BIR

The quarterly and annual budget performance analysis of the various performing sectors is shown in the budget implementation report.

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