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Revenue and expenditure provisions of budgets are crafted against the background of projections of underlying assumptions, which ideally should be founded on empirical evidence. These projections are made following a review of the national, regional, and international economic and political environment, the performance of previous forecasts and factors which may shape economic performance in the…

The Consumer Price Index produced by the National Bureau of Statistics indicates that in December 2023, the headline inflation rate increased to 28.92%, up from the November 2023 headline inflation rate of 28.20%. This is an increase of 0.72% points between November and December 2023. On a year-on-year basis, the headline inflation rate was 7.58%…

Insecurity Centre for Social Justice (CSJ), a Nigerian Knowledge Institution recalls with regret the recent upsurge of insecurity exemplified by the late December 2023 killings in Plateau State, incessant killings in Katsina State, 45 passengers kidnapped as gunmen attacked transporters along Otukpo-Enugu Road and the ongoing kidnap and murder of innocent Nigerians in Abuja, the…

The budget is an extremely important law and policy instrument of governance. Indeed, some scholars describe the budget as the second most powerful instrument of governance after the Constitution.  The budget is contextualised within the law, policy and budget continuum. It provides the avenue for governments at all levels to provide resources for the realisation…

It is imperative for the Federal Government to design a concentric circle of investments, patronage and the desired economic growth, being an economy for Nigerians in Nigeria and in the Diaspora. This will entail using public procurement at all tiers to kick-start the economy through a Nigeria-First-Procurement policy. Goods, services and construction available in Nigeria…

In accordance with the provisions of the Fiscal Responsibility Act and best practices in public finance management, the Federal Government prepares a medium-term expenditure framework every year to review economic performance and make projections for the medium term. The MTEF is the foundational document that undergirds annual budgets. This discourse reviews the economic growth projections…