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Business Digest June 11, 2021

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On BU$I₦£$$ DIG£$T this morning, June 11, 2021

*Still on this 100% Performance of Budget*

A performance budget is one that reflects both the input of resources and the output of services for each unit of an organization.

This type of budget is commonly used by government bodies and agencies to show the link between taxpayer funds and the outcome of services provided by federal, state, or local governments.

Performance-Based Budgeting and Steps for Implementation

¶Determine resource allocation;

¶Ensure accountability among those responsible for management;

¶Shift the budget focus to city priorities rather than department or agency’s specific goals;

¶Make the budget process more transparent; and.

¶Engage the community in the budgeting process.

Do we practice these in our budgeting process in Nigeria?

And we are magically achieving 100% performance from a dwindled revenue, high inflation, non-implementation of critical components, devalued naira, deficit budget, high debt servicing……..

Please tell us another story, not Budget Performance

_If you learnt anything from this, kindly share with someone out there._
_*Dr. Emmanuel Idenyi Shaibu*_
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE_
The Millennium Entrepreneur

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About the author

Emmanuel Idenyi Shaibu Esq. (f.hcd)

Emmanuel Idenyi-Shaibu Esq. is known as The Millennium Entrepreneur. A well sought Public Speaker and Trainer in Strategic Business Re-positioning, is a graduate Of Marketing, Global Consumer Marketing, Financial Management, a Chartered Marketer, Chartered Economist, Chartered Human Capital Development expert, Seasoned banking professional, an Entrepreneur, Investor and Business Owner. He is married to one female wife and blessed with lovely and lively children.

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