Investor Presentaiton
High budgeting variance results in disbursement unpredictability due to
unforeseen expenses and unprioritized spending
Budgeting process
2018 Budgeted vs Actual Revenue
146
19
9
(Bn NGN)
2018 Budgeted vs Actual Expenditure
146
(Bn NGN)
27
110
106
1-1
38
13
49
11
13
12
61
21
25
10
11
71
46
21
38
12
Budget
Actual
Budget
Actual
Other Revenue
Aid & Grant
Local Loans & Overdraft
Tax Revenue
Paris Club (Federal Refund)
Statutory Revenue (FAAC)
VAT
☐Expenses not in proposed budget¹
Personnel Emoluments (MDAs)
Overhead Cost (MDAs)
Capital Expenditure
1. Includes LGA allocation, loan repayments, FAAC deductions, personnel emoluments (Boards & Parastatals), grants
2. Source: Plateau State Financials
Impact of high budget
disparity:
.
Inability to schedule
disbursements with
regularity due to high
incidence of unforeseen
expenses
• Too many approved
programs put strain on
any unexpected revenue
made available (e.g. 15
Bn excess Paris Club
refund) - lack of
prioritization
241
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