The Federal Government has initiated the preparation of the 2024 budget, with plans to submit it in October 2023 through the Ministry of Budget and Economic Planning.
As part of this process, the Budget Office of the Federation conducted training on the Government Integrated Financial Management Information System Budget Preparation Sub-System (GIFMIS/BPS) for all Ministries, Departments, and Agencies (MDAs).
Ben Akabueze, Director General of the Budget Office, emphasized that this training aims to improve fiscal discipline and accountability in managing public funds, leveraging technology-driven systems like GIFMIS to enhance efficiency and reduce bottlenecks in the budgetary process.
“As we gather here, it is imperative that we recognize the significance of our roles in aligning our activities with the Nigerian people’s aspirations and the current Administration’s development agenda. President Tinubu’s Administration is committed to fulfilling its promises to our citizens. Our focus, therefore should remain steadfast on using it as a veritable tool for delivering the government’s commitment to all Nigerians.
“Collaboration and synergy between the various MDAs is paramount to achieve this. We must harmonize our sectoral policies and programmes with the overarching National Development Plan 2021- 2025 and the specific agenda of this Administration. We must ensure that our efforts are synchronized, resources are optimally utilized, and the impact of our collective work resonates across the nation.
“MDAs are urged to study the Budget Call Circular in detail and avoid making mistakes that should ordinarily be avoided if they had complied with the relevant sections of the Call Circular. To this end, emphasis will be made in one of the modules this year on key items and sections to note in the 2024 FGN Budget Call Circular. To avoid doubt, we have the BOF Helpdesk running at full capacity currently to take care of all enquiries that officers may have in the preparation of their respective budgets,” Akabueze said.
During the interview session with journalists, Mormoni said, “We have to submit it before the end of October. We hope to meet the deadline so that the National Assembly can also do their own, and then the budget is passed within the year.”
On the 2023 budget, she said, “We are doing well, and we hope to bring out the figure very soon.”
Ade Agbana Titus, director of procurement, said the training would run across the six geopolitical zones within two weeks.
He said procurement before now was a mirage that cannot be assessed, but these days, some of the hitches in the procurement have been amended so there will be no bottlenecks in the processes. “Now we are trying to make sure we meet up with the budget,” he said.
