Shettima, Akabueze push reforms to align budgets with national development goals

A Nation at Odds with Its Budgets

As the sun rose over Abuja, Nigeria’s capital city, a sense of urgency hung in the air. Top government officials and experts gathered at a policy dialogue, convened to tackle one of the country’s most pressing issues: the perennial disconnect between planning and budgeting. At the epicentre of this debate were two men, Zainab Shettima, the Minister of Budget and National Planning, and Ben Akabueze, the Director-General of the Budget Office. Both were resolute in their commitment to reform, determined to break the cycle of failed projects and misallocated resources that has plagued Nigeria for years.

The stakes are high. Thousands of projects, ranging from infrastructure development to healthcare initiatives, have been abandoned or left to languish due to inadequate budgeting and planning. The consequences are far-reaching, perpetuating a cycle of underdevelopment and poverty. Shettima and Akabueze are not alone in their pursuit of reform. They are joined by a coalition of experts, civil society organisations, and international partners who share their vision of a more accountable and effective budgeting process.

A History of Disconnection

The disconnect between planning and budgeting is not a new phenomenon in Nigeria. It has its roots in the country’s post-independence history, when the government’s focus shifted from development to survival. As the economy contracted, and external shocks mounted, the government’s priorities were consumed by short-term needs. The planning and budgeting process, once a rigorous and transparent exercise, became increasingly ad hoc. The consequences were immediate and far-reaching. Projects were rushed, resources were misallocated, and accountability was sacrificed at the altar of expediency.

In the decades that followed, Nigeria’s budgeting process became a byword for inefficiency and waste. The country’s development goals, enshrined in the National Development Plan, were repeatedly sacrificed to the altar of short-term gains. The result was a landscape of abandoned projects, a testament to the failures of a budgeting process that had lost sight of its core purpose: to drive development and improve the lives of Nigerians.

Reform and Resistance

Shettima and Akabueze’s push for reform is not without its challenges. The status quo, though inefficient, has a powerful constituency. Bureaucrats and politicians who benefit from the existing system will resist any attempts to upend it. Moreover, the complexities of Nigeria’s federal system, with its multiple tiers of government, make reform a daunting task. Nonetheless, Shettima and Akabueze remain undeterred, driven by a conviction that change is not only possible but necessary.

Their approach is multifaceted. They are working to strengthen the planning process, ensuring that development goals are clearly articulated and aligned with budgetary allocations. They are also pushing for greater transparency and accountability, introducing new mechanisms to track project implementation and monitor resource utilization. Perhaps most crucially, they are seeking to build a culture of collaboration, working with civil society, the private sector, and international partners to leverage expertise and resources.

A New Era of Cooperation

The policy dialogue in Abuja marked a significant milestone in Shettima and Akabueze’s reform journey. For the first time, key stakeholders were brought together to discuss the challenges facing Nigeria’s budgeting process. The outcome was a sense of hope and momentum, as experts and officials began to coalesce around a shared vision of reform. International partners, who had long been critical of Nigeria’s budgeting process, were heartened by the government’s commitment to change.

Civil society organisations, too, are playing a crucial role in driving reform. They are pressing for greater transparency and accountability, using social media and other channels to raise awareness about the importance of effective budgeting. The private sector, long a source of frustration for Nigerian policymakers, is now being courted as a partner in reform. Companies are being encouraged to invest in development projects, leveraging their expertise and resources to drive growth and improve lives.

Reactions and Implications

The reaction to Shettima and Akabueze’s reform push has been overwhelmingly positive. International partners, who had long been critical of Nigeria’s budgeting process, are now hailing the government’s commitment to change. Civil society organisations are heartened by the prospect of greater transparency and accountability. Even the private sector, long a source of frustration for Nigerian policymakers, is now being courted as a partner in reform.

The implications of Shettima and Akabueze’s reforms are far-reaching. A more effective budgeting process will not only drive development but also improve the lives of Nigerians. It will create opportunities for growth, reduce poverty, and increase access to basic services. Moreover, it will send a powerful signal to investors, both domestic and international, that Nigeria is a country serious about reform and committed to its development.

A New Dawn for Nigeria

As the policy dialogue in Abuja drew to a close, a sense of optimism hung in the air. Shettima and Akabueze’s reform push has sparked a new era of cooperation, bringing together key stakeholders to drive change. The road ahead will be long and challenging, but there is a sense of hope and momentum that has not been seen in years. Nigeria’s development goals, long sacrificed to the altar of expediency, are now within reach. The question is, will the country seize this opportunity, or will the status quo prevail? Only time will tell.

Written by

Veridus Editorial

Editorial Team

Veridus is an independent publication covering Africa's ideas, politics, and future.