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Nigeria's Ministry of Finance to Improve Budget Preparation Process

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The Ministry of Finance in Nigeria has inaugurated a committee to drive the preparation of the budget and track its implementation. The move comes in response to the unrealistic nature of the budget, which has been characterized by repeated copy and paste over the years. The ministry aims to have a timely and early preparedness of the budgeting process for better results upon implementation.

Mr Yusuf stated this on Monday while inaugurating a committee to drive the preparation of the budget and track its implementation, the ministry's spokesperson, Ibrahim Abdullahi, said in a statement.

"There is the need for timely and early preparedness of the budgeting process for better results upon implementation. That was why the Ministry deems it pertinent to sit together and map out strategies to have focus, aims and objectives in every fiscal year on what needs to be achieved in its budget so that they start planning from the beginning of the year," Mr Yusuf said.

He charged members of the committee to justify the confidence reposed in them by turning around the planning and budgeting activities of the ministry to ensure the budget meets its objectives and performs excellently.There was a problem processing your submission. Please try again later. The committee has the Director of Planning, Research and Statistics, Muhammad Abubakar, as its chairperso, and Nasir Tafida as the secretary.

 

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