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Luqman
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Financial specialist 2 500 000
Job Type: Full-Time

Education

I have no education
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Experience

Technical Assistant to Director General (Budget Office of the Federation, Federal Ministry of Financ
Federal Public Administration Reform Programme Nigeria (FEPAR)
April 2012 - Present Day (5 years 1 month)

1. Formulation of the Medium-Term Revenue Framework ensuring sustainable medium-term budget planning:

  • Increased accuracy in revenue forecasting by the Revenue Department and key revenue generating agencies across a 3-year MTEF horizon, including by focusing on:

i. Nigerian National Petroleum Corporation

ii. Federal Inland Revenue Service

iii. Nigerian Customs Service

iv. Department of Petroleum Resources

  • Drawing up scenarios for the Medium Term Revenue Framework by varying key variables such as benchmark oil price, oil production, and both oil and non-oil revenue tax targets to determine the optimal level of Federal Government retained revenue.

2. Formulation of the Medium-Term Fiscal/Expenditure Framework – ensuring fiscal policy remains within limits aligned with ongoing macroeconomic stability:

  • Developing a framework for effective management of commodity revenues;
  • Strengthening planning tools for balancing competing spending and macroeconomic management demands:

i. Funding mandatory charges (debt service, statutory transfers, pensions);

ii. Ensuring sufficient funding for Ministries, Departments and Agencies (MDA) spending; and

iii. Formulating sustainable deficit with Debt Management Office.

  • Formulating the Federal Government’s Fiscal Strategy Paper:

i. Outline Government’s overall Fiscal Strategy and Medium Term Expenditure Framework;

ii. Identify Fiscal Risks; and

iii. Conduct other analytical and preparatory work involved in preparing the Fiscal Strategy Paper.

  • Formulating other aspects of the Medium Term Expenditure Framework including the Consolidated Debt Statement and Statement of Contingent Liabilities and Quasi-Fiscal Activities.

3. Work on Government Information and Management Information System, (GIFMIS), Chart of Accounts (COA) in line with the requirements for Treasury Single Accounting System.

4. To support the BOF in strengthening of the Medium Term Sector Strategies and the annual budget preparation process.

5. Assist the BOF’s Fiscal/Budget Monitoring and Evaluation by participation in the research for and preparation of reports.