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Federal Ministry of Budget and National Planning

Federal Ministry of Budget and National Planning

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The Federal Ministry of Budget and National Planning in Nigeria is a government agency responsible for formulating, coordinating, and implementing national development plans, policies, and budgets to drive economic growth, social development, and sustainable development across the country.

Key Functions:

  1. Development Planning: The ministry is responsible for formulating medium and long-term national development plans that outline the government’s priorities, strategies, and targets for economic growth, poverty reduction, and social development. These plans provide a framework for coordinating development efforts across sectors and levels of government.
  2. Budget Preparation and Implementation: It coordinates the preparation, presentation, and implementation of the national budget, which allocates resources to fund government programs, projects, and activities. The ministry works closely with other government agencies to ensure that budgetary allocations are aligned with development priorities and objectives.
  3. Policy Coordination: The ministry coordinates the formulation and implementation of sectoral policies and strategies to address key development challenges, such as poverty, unemployment, infrastructure deficits, and social inequality. It fosters collaboration among government agencies, development partners, and other stakeholders to achieve coherent and integrated policy outcomes.
  4. Monitoring and Evaluation: It monitors and evaluates the implementation of development plans and programs to assess progress, identify challenges, and measure the impact of government interventions. This involves collecting data, conducting performance assessments, and providing feedback to inform policy-making and decision-making processes.
  5. International Cooperation: The ministry represents Nigeria in international forums, conferences, and negotiations related to development cooperation, aid effectiveness, and sustainable development goals. It engages with bilateral and multilateral partners to mobilize resources, access technical assistance, and promote knowledge exchange for development purposes.
  6. Capacity Building: It builds the capacity of government officials, civil society organizations, and other stakeholders involved in development planning, budgeting, and policy analysis. This includes providing training, technical assistance, and institutional support to enhance skills, knowledge, and expertise in development management.

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