APPROPRIATION REPEAL AND ENACTMENT ACT
Budget · Finance
An Act repeals existing appropriation laws and enacts new provisions for managing federal revenue and expenditure. It targets federal government ministries, departments, agencies, states, local governments, and citizens to authorize annual budgets and ensure fiscal accountability. This promotes transparency in public fund allocation.
What Is This Policy?
An Act to repeal existing appropriation legislation and enact updated provisions for the management and allocation of federal government revenue and expenditure.
Who Does It Target?
All federal government ministries, departments and agencies, states, local governments, and Nigerian citizens.
What Does It Aim to Achieve?
Provide a legal framework for the annual federal budget, authorize government spending, and ensure fiscal accountability in the allocation and use of public funds.
Key Features
Budget Authorization: Provides the legal basis for annual federal government expenditure Revenue Allocation: Establishes the framework for distributing federal revenue Fiscal Accountability: Strengthens provisions for transparency in public spending
Current Status
Rollout Stage: Active Coverage: Nationwide; all federal government operations Funding: Federal Government consolidated revenue fund
How to Access
The Act applies to all government operations. Budget details are published through the Budget Office of the Federation.
Impact & Metrics
Provides the essential legal framework for government spending and fiscal management.
Official Resources
Website: budgetoffice.gov.ng Contact: Budget Office of the Federation, Abuja
Legal Framework
Enacted under the legislative powers of the National Assembly vested by Sections 80 to 82 of the 1999 Constitution (as amended) on the Consolidated Revenue Fund and annual appropriations. The Finance (Control and Management) Act (Cap F26 LFN 2004) is the substantive framework. Operates alongside the Fiscal Responsibility Act 2007, the Medium Term Expenditure Framework, and the Budget Office of the Federation (Establishment) Act.