PRESIDENTIAL EXECUTIVE ORDER ON SUBMISSION OF ANNUAL BUDGETARY ESTIMATES

An Executive Order directs all federal ministries, departments, and agencies to prepare and submit annual budgetary estimates on time. It mandates strict timelines for budget preparation and promotes fiscal discipline among these entities. This ensures effective implementation of budgets and strengthens public financial management.

What Is This Policy?

An Executive Order directing all Federal MDAs to ensure timely preparation and submission of annual budgetary estimates, promoting fiscal discipline and effective budget implementation.

Who Does It Target?

All Federal Ministries, Departments, and Agencies, the Budget Office of the Federation, and the National Assembly.

What Does It Aim to Achieve?

Ensure timely budget preparation and submission, improve fiscal discipline, promote effective budget implementation, and strengthen public financial management.

Key Features

Timely Submission: Mandates strict timelines for budget preparation and submission by all MDAs Fiscal Discipline: Promotes disciplined spending and budget adherence Implementation Tracking: Requires monitoring of budget implementation performance

Current Status

Rollout Stage: Active since May 2017 Coverage: All Federal MDAs Oversight: Budget Office of the Federation and the Presidency Compliance: MDAs required to submit estimates within prescribed timelines

How to Access

Applies to all Federal MDAs. Budget information is published through the Budget Office of the Federation.

Important Terms

Non-compliance may attract sanctions under Public Service Rules Links to the Fiscal Responsibility Act requirements

Impact & Metrics

Has improved the timeliness of budget preparation and submission, supporting the transition to a January-December fiscal year.

Official Resources

Website: budgetoffice.gov.ng Contact: Budget Office of the Federation, Abuja

Legal Framework

Issued under the executive powers of the President vested by Section 5 of the 1999 Constitution (as amended). Reinforces the budget submission obligations under Sections 81 to 83 of the 1999 Constitution, the Fiscal Responsibility Act 2007, and the Budget Office of the Federation (Establishment) Act. Operates in conjunction with the Finance Acts and annual Appropriation Acts.