Overview

This document is the Consolidated Budget Implementation Report for the fourth quarter of 2015, published by the Budget Office of the Federation under the Federal Ministry of Budget and National Planning, Nigeria. The report is presented by Honourable Minister of Finance Kemi Adeosun and is mandated by Sections 30 and 50 of the Fiscal Responsibility Act, 2007, which require quarterly and consolidated budget implementation reports to be submitted to the Joint Finance Committee of the National Assembly and the Fiscal Responsibility Commission, and disseminated to the public. The report emphasizes transparency and accountability in public resource management. The 2015 Budget, themed 'Transition Budget & Hope', aimed at macroeconomic stability, spending in priority sectors, prudent fiscal management, sustainable growth, and job creation. Implementation in Q4 faced challenges including late budget passage by the National Assembly, a supplementary budget in December 2015, and collapse in oil prices and demand leading to lower-than-projected revenues from oil and non-oil sources. The report is a product of collaboration between the Budget Office, Ministries, Departments and Agencies (MDAs), Civil Society Organizations, and the media. The preface further details the legal mandate and challenges. The document type is a report, language is English.

Download