BusinessDay
NigeriaDecides2023

Buhari set to present 2021 budget this Month

....As Presidency gets N10bn expenditure ceiling

Federal government agencies in the Presidency weekend held consultations for the 2021 budget, in preparations for the presentation of the budget this month by President Muhammadu Buhari

The Permanent Secretary, State House, Tijjani Umar, led the 2021 budget bilateral meeting between Government Agencies under the Presidency and officials of the Federal Ministry of Finance, Budget and National Planning.

The latest budget circular issued by the Ministry of Finance, Budget and National Planning put the expenditure ceiling of the 2021 pre-bilateral proposal for the Presidency at N10 billion compared with N15.3 billion of the revised 2020 budget passed by the National Assembly.

Chief Executives and key budget, finance and accounts staff of the Bureau of Public Enterprises (BPE), Bureau of Public Procurement (BPP) Nigeria Extractive Industries Transparency Initiative (NEITI), National Institute of Policy and Strategic Studies (NIPSS).

Others include those of the Nigerian Financial Intelligence Unit (NFIU), National Agricultural Land Development Authority (NALDA) and the Economic and Financial Crimes Commission (EFCC), participated in the virtual meeting which took place at the conference room of the State House administrative block.

The meeting, BusinessDay gathered was aimed at putting finishing touches to the budget, in preparations for its presentation to the National Assembly in line with the new January to December budget cycle.

According to the State House Permanent Secretary, “the preparation of the 2021 budget estimates takes into consideration the policies and strategies contained in the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), which is the Federal Government pre-budget statement.”

Umar also explained that in line with the directive issued by the Ministry of Finance, Budget and National Planning, the annual budget is being prepared using the Zero-Based Budget (ZBB) approach and in compliance with the government’s policy thrust as articulated in the MTEF/FSP and Nigeria Economic Sustainability Plan (NESP).

Citing a September 1, 2020 circular issued by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, the Permanent Secretary, State House, said MDAs have been directed to work assiduously to conclude the budget bilateral meetings as scheduled in order to get the 2021 budget ready for transmission to the National Assembly (NASS) by President Muhammadu Buhari this month.

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