News Formal

Nigeria's Ministry of Finance to Improve Budget Preparation Process

  • 📰 allafrica
  • ⏱ Reading Time:
  • 42 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 99%

Government News

Nigeria,Ministry Of Finance,Budget Preparation

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Catalytic Climate Finance Facility opens call for applications of market-ready blended climate finance solutionsSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »

IMF mission on visit to Ethiopia: Finance Ministry - SABC News - Breaking news, special reports, world,The IMF is in Ethiopia, a senior finance ministry official said on Thursday.
Source: SABC News Online - 🏆 32. / 51 Read more »

Liberia: Finance Ministry Submits U.S.$692 Million Draft Budget for 2024The Boakai administration has submitted its first draft national budget for fiscal period 2024, totaling US$692 million, to the House of Representatives of the 55th Legislature for scrutiny and subsequent enactment into law.
Source: allafrica - 🏆 1. / 99 Read more »

Ghanaian finance ministry warns against fallout from anti-LGBTQ lawThe new legislation stipulates jail terms of six months to three years for sex
Source: mailandguardian - 🏆 2. / 92 Read more »

Nedbank CIB leads the way in sustainable finance in AfricaHas been recognised for its excellence and innovation in sustainable finance by Global Finance, a respected and prestigious international finance magazine.
Source: Moneyweb - 🏆 5. / 77 Read more »