Overview

The document is the 2022 First Quarter Budget Implementation Report (BIR) of Nigeria, presented by the Honourable Minister of Finance, Budget and National Planning, Mrs. (Dr.) Zainab Shamsuna Ahmed. The report provides detailed information on the distribution and utilization of public resources during the first quarter of 2022. It covers allocations to Ministries, Departments and Agencies (MDAs) guided by the National Development Plan (NDP) 2021-2025 and the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The report complies with Sections 30 and 50 of the Fiscal Responsibility Act (FRA), 2007. It notes that the 2022 Budget, titled 'Budget of Economic Growth and Sustainability', was prepared amid global challenges including the COVID-19 pandemic and the Russia-Ukraine conflict. Aggregate revenue for the quarter fell short of projections despite high crude oil prices, leading to a significant fiscal deficit. The report emphasizes budget transparency and accountability as part of Nigeria's Open Government Partnership commitment.

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