Overview

The document is the 2018 First Quarter Budget Implementation Report (BIR) of Nigeria, presenting a detailed account of public resource allocation and utilization by Government Agencies during the first quarter of the 2018 fiscal year. The 2018 Budget, titled 'Budget of Consolidation,' aligns with the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), and supports the Economic Recovery and Growth Plan (ERGP) 2017-2020. Its primary goal is to sustain economic recovery and build on recent government achievements. The report is published in compliance with Sections 30 and 50 of the Fiscal Responsibility Act (FRA) 2007, which mandates the Budget Office of the Federation to prepare periodic implementation reports for the Joint Finance Committee of the National Assembly and the Fiscal Responsibility Commission. The foreword by Honourable Minister Sen. Udoma Udo Udoma commends the Budget Office, monitoring departments, and MDAs for their efforts. The preface notes the challenging macroeconomic environment, late budget passage, and revenue shortfalls that affected first-quarter implementation. The report aims to promote budget transparency and credibility as part of public financial management reforms.

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