Overview

The document is the Second Quarter and Half-Year 2019 Budget Implementation Report (BIR) by Nigeria's Ministry of Finance, Budget and National Planning. It includes a foreword by the Honourable Minister, Zainab Shamsuna Ahmed, and a preface by the Budget Office of the Federation (BOF). The report analyzes budget performance for Q2 2019 under the theme 'Budget of Continuity', aligned with the Economic Recovery and Growth Plan (ERGP). Key highlights include meeting legal requirements under the Fiscal Responsibility Act (FRA) 2007, promoting transparency and accountability via the Open Government Partnership (OGP), overcoming challenges like late budget passage, and achieving key expenditures despite revenue shortfalls. Capital expenditure of ₦1,655.26 billion under the 2018 budget was executed by end of Q2 2019, contributing to positive GDP growth. Revenue projections fell short due to reliance on volatile oil sector. The report emphasizes reforms in budget preparation, monitoring, and evaluation, and acknowledges contributions from MDAs, the Fiscal Responsibility Commission, and the National Assembly's Joint Finance Committee.

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