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1. The Budget process goes through 14 Stages.

2. While there are 3 Arms, Nigeria's budget process is the exclusive responsibility of both The Executive and the Legislative Arms.
3. The Fiscal Responsibilities Act 2007 is one of the Legal Frameworks guiding the content and presentation of the Budget.

4. The Budget is made of 4 Components;
(a) Statutory Transfers
(b) Debt Service - Domestic & Foreign
(c) Recurrent Expenditure
(d) Capital Expenditure
5. Elements in the Statutory Transfers are first line Charge. They are:

6. Debt Services are for servicing both domestic and foreign loans the Govt takes to complement its revenues in order to meet up with the budget.
Read 8 tweets
#Thread: Yesterday, the @SPNigeria @BukolaSaraki met with the UN Secretary-General’s Special Representative for West Africa and Sahel, Mr Muhammad Ibn Chambas.
The meeting centered around:
-The @NGRSenate’s work in the N/East and IDPs;
-The UN’s interest in the devolution of powers agitations in parts of the nation;
-Nigeria’s preparedness for the 2019 elections;
-The #GEOBill;
-Migration; and
-Repatriation of Nigeria’s money abroad.
“The UN stands with Nigeria as the process of preparation for elections commences.” -UN Secretary-General’s Special Representative’s comment to @SPNigeria @BukolaSaraki
Read 12 tweets

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