Overview

The document is the Fourth Quarter and Consolidated 2021 Budget Implementation Report (BIR) by the Ministry of Finance, Budget and National Planning, Nigeria. It presents the budget performance for the year 2021, which was titled 'Budget of Economic Recovery and Resilience' and aligned with the 2021-2025 National Development Plan (NDP). The report was prepared by the Budget Office of the Federation (BOF) in compliance with Sections 30 and 50 of the Fiscal Responsibility Act (FRA), 2007. It is submitted to the Joint Finance Committee of the National Assembly (NASS) and the Fiscal Responsibility Commission (FRC) and made public. Key challenges included revenue underperformance due to oil sector volatility, security issues, and the COVID-19 pandemic, which led to a supplementary budget. Despite challenges, capital expenditure reached ₦3,082.45 billion by May 31, 2022. The report emphasizes improved budget preparation, execution, and monitoring through reforms and technology. It highlights the need for revenue mobilization and notes that the capital budget was extended to March 31, 2022, to allow MDAs to complete projects. The foreword is by Honourable Minister Mrs. (Dr) Zainab Shamsuna Ahmed, and the preface underscores transparency and accountability under the Open Government Partnership (OGP).

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