Project Reports

June 14, 2012

Program Based Budgeting Analysis Of Education, Health And Water Sectors In Nigeria

This report examines the Federal Government spending in the three (3) main social sectors of the Nigerian economy – Education, Health and Water, in five (5) distinctive categories over a period of four (4) years. Rather than reviewing the budget for these three sectors in the format in which they are presented in the federal […]

Download Label
March 13, 2018 - 4:00 am
application/pdf
540.78 kB
v.1.7 (stable)
Read →

This report examines the Federal Government spending in the three (3) main social sectors of the Nigerian economy – Education, Health and Water, in five (5) distinctive categories over a period of four (4) years. Rather than reviewing the budget for these three sectors in the format in which they are presented in the federal Governments budget, the report arranged the data according to major programs (following program budgeting approach). It analyzes the Federal Governments budget appropriation and implementation, revealing the performance of government expenditure in these sectors. The report also compares the federal government spending in terms of recurrent versus capital expenditures; wage versus non-wage expenditures and donor versus domestic expenditures.

This analysis shows that the Nigerian government apportioned more funds to the education sector and least to the water sector between the years 2006 to 2010 with the total sums of N1,125 billion and N224 billion (in 2006 prices), respectively. Compared with other countries, spending on education, health and water in percent of GDP is still low; social indicators are poor and the allocation within sectors is not consistent with national priorities MDGs and vision 20:2020.




Related

 

Africa Economic Update (Issue 1)

Sub-Saharan Africa experienced its worst economic performance in over two decades in 2016, with growth slowing to 1.5 percent. The poor performance in South Africa and oil exporting countries is responsible for attenuating regional growth rate, due to their high collective contribution to regional GDP, despite robust performance in non-resource intensive countries. Growth in Sub-Saharan Africa is projected to slightly improve in 2017 (2.9 percent) and further strengthen in 2018 (3.6 percent). At the sub-regional level, growth prospect is estimated to be highest in West Africa (4.78 percent), attributable to 5.93 percent growth rate from West African Monetary Union (WAEMU) Countries. East Africa is expected to grow at 4.5 percent, Southern Africa 3 percent, and Central Africa 2 percent. Agricultural exporting countries are projected to grow at around 7 percent, while oil producing countries are estimated to grow at 1.9 percent, which indicates a recovery from the negative growth recorded in 2016.

Nigeria Economic Update (Issue 41)

Latest World Economic Outlook (WEO) report by the International Monetary Fund reveals that Nigerias economy will grow by 1.9 percent in 2018 an unchanged stance from earlier projections. However, the figure is 2.9 percentage points lower than the 4.8 percent 2018 estimated growth rate in Nigerias ERGP (Economic Recovery and Growth Plan) 2 showing a very large disparity between domestic and international growth forecasts for Nigeria. The Funds projection however seems to have taken into cognizance underlying factors that could slow growth in the medium term: faster pace of population growth relative to GDP growth3, poor policy implementation, banking system fragilities and foreign exchange market segmentation.

Nigeria Economic Update (Issue 1)

The external reserve increased week-on-week by 2 percent to $26.3 billion on January 6, 2017. The increase was likely triggered by continued marginal rise in crude oil price, which moderated oil revenue in the review week. The recent rise in crude oil price is likely to be maintained in the short term given the recent oil production cut deal by OPEC members. Thus, the Nigerian government should target short term increase in crude oil production to fully take advantage of Nigerias exemption from oil production cut and potential rise in oil prices.