2021 budget: FG lowers presidency expenditure by N5.3bn

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2021 Budget

The latest budget circular issued by the Ministry of Finance, Budget and National Planning has 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.

The Permanent Secretary, State House, Tijjani Umar, revealed this in a statement issued on Sunday by Attah Esa, Deputy Director (Information), in the Presidency.

Umar, who cited a September 1, 2020 circular issued by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, said ministries, departments, and agencies (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 by President Muhammadu Buhari this month.

Federal government agencies in the Presidency have held consultations for the 2021 budget.

The Permanent Secretary, State House, 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 virtual meeting took place on Saturday, September 12, 2020, at the conference room of the State House administrative block.

It was attended by 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), Nigerian Financial Intelligence Unit (NFIU), National Agricultural Land Development Authority (NALDA) and the Economic and Financial Crimes Commission (EFCC).

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).

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