National Assembly Budget in Nigeria

Agencies Under The Ministry of Budget and Economic Planning

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The Ministry of Budget and Economic Planning is among the unstable ministries in Nigeria with different administrations either merging or carving it from the Ministry of Finance.

For instance, there was a Ministry of Budget and Panning between 1999 to 2019, but Muhammadu Buhari’s presidency merged it with the Ministry of Finance in 2019 with the name Federal Ministry of Finance, Budget, and National Planning.

But on assumption of office President Bola Tinubu made Finance a stand-alone ministry while Budget and Economic Planning is a separate ministry

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So, some of the agencies hitherto under the Ministry of Finance are now under the re-established Ministry of Budget and Economic Planning. They are

Debt Management Office (DMO)

To coordinate the management of Nigeria’s foreign and internal debt

Centre for Management Development

To drive the vision of the developmental policies of the Federal Government

Budget Office of the Federation

To monitor budget implementation and fiscal policies of the Federal Government

Nigerian Institute of Social and Economic Research

To provide information on economic and social ideas for Nigeria’s economy

A former governor of Kebbi State (2015-2023) and senator (2009-2015) Abubakar Bagudu is the incumbent Minister of Budget and Economic Planning.

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