Overview

The document is the 3rd Quarter 2012 Provisional Budget Implementation Report by the Budget Office of the Federation, Federal Ministry of Finance, Nigeria. It provides an overview of the implementation of the 2012 national budget for the third quarter (July-September 2012). The report states that net revenue receipts fell short of projections, but capital budget implementation improved due to interventions by the President and engagements between the Budget Office and MDAs. It is prepared under the Fiscal Responsibility Act, 2007 (Sections 30 and 50) to ensure transparency and accountability. The foreword by Dr. Ngozi Okonjo-Iweala emphasises public accountability and the transformation agenda of President Goodluck Jonathan. The preface by Dr. Bright Okogu notes challenges and expectations for the fourth quarter.

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