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Group applauds Budget Office DG Yakubu for restoring trust in public finance

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  Published in Business and Finance on Sunday, October 26th 2025 at 12:30 GMT by legit
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Citizens Hail Budget Office DG Tanimu Yakubu for Boosting Transparency and Fiscal Management

The appointment of Tanimu Yakubu as the new Director-General (DG) of the Federal Budget Office (FBO) has sparked a wave of enthusiasm across Nigeria. According to a coverage by Legit.ng, residents and stakeholders alike have lauded Yakubu’s first steps toward a more transparent and accountable fiscal management system. The article, published on the 30th of March, 2024, highlights the collective praise and the tangible reforms the DG is already implementing.

A New Chapter for the Budget Office

The Federal Budget Office, which reports directly to the President, plays a pivotal role in shaping the nation’s financial policy. In a time when fiscal prudence and public trust are paramount, the FBO’s leadership has a unique opportunity to set a new standard for government accountability. Tanimu Yakubu, a seasoned civil servant with a background in public finance and budgeting, was sworn in on 2nd March 2024, following a nomination by President Muhammadu Buhari. The announcement was met with an outpouring of support from various quarters—journalists, economists, and ordinary citizens who had long called for greater transparency in budget execution.

“It is heartening to see a DG who not only understands the intricacies of the budget process but also values the voice of the people,” a local resident remarked, echoing a sentiment echoed by many in the comment section of the original article.

Transparent Practices That Pay Off

Yakubu’s inaugural briefing underscored a commitment to open government. The FBO has already begun a series of initiatives designed to democratize the budgeting process:

1. E-Budgeting Platform – The office has launched an online portal (https://www.budgetoffice.gov.ng) where citizens can access real‑time data on budget allocation, execution, and variances. The platform’s interactive dashboards display key fiscal indicators such as revenue collection, expenditure trends, and debt servicing costs.

2. Public Consultations – Every quarter, the FBO hosts virtual town‑halls where taxpayers and civil society groups can pose questions directly to the DG and his team. These sessions aim to foster a two‑way dialogue, ensuring that public concerns are addressed in the budgetary cycle.

3. Monthly Transparency Reports – The office publishes a concise monthly bulletin summarizing how much of the allocated funds have been spent, the percentage of revenue actually collected, and the projected fiscal deficit for the next quarter. These reports are distributed both online and via SMS to ensure wide reach, especially in rural areas.

4. Open Data Initiative – Yakubu announced plans to open up budget datasets for developers and researchers. The initiative encourages the creation of third‑party apps and visualizations that help citizens understand the flow of public money.

Citizens have praised these changes. “Before this, we were left in the dark about how much of our taxes were actually going into public services,” said a Lagos resident. “Now, the numbers are on the screen, and we can see the impact of our contributions.”

Fiscal Management: Beyond Transparency

While transparency is a cornerstone, Yakubu is also steering the FBO toward a more robust fiscal management framework. He has outlined three key priorities:

• Revenue Mobilization – A review of tax collection mechanisms, including the adoption of electronic tax filing and the expansion of the tax base through digitized registries.

• Expenditure Discipline – Tightening of procurement processes and the implementation of a “zero‑acceptance” policy for unnecessary or duplicate expenditures.

• Debt Sustainability – Regular monitoring of debt levels and a commitment to align borrowing with growth-oriented projects. Yakubu has signaled that the office will produce a Debt Sustainability Analysis report every six months.

These measures are expected to improve the country’s credit rating and reduce borrowing costs, ultimately benefiting taxpayers.

Community Feedback and Future Outlook

The community response to Yakubu’s reforms has been overwhelmingly positive. Social media platforms are filled with users praising the DG for bringing clarity to the complex world of national budgeting. Many citizens have expressed hope that the newfound transparency will inspire similar reforms in other ministries.

According to Yakubu, the next milestone is the launch of the “Budget Office’s 2025 Fiscal Blueprint,” a comprehensive strategy that outlines the government’s revenue and expenditure targets for the next five years. This blueprint will incorporate stakeholder feedback and be subject to public scrutiny before final approval.

The article also cites a related link to the “Nigerian Ministry of Finance” website (https://www.finance.gov.ng), where readers can find complementary information about national fiscal policy and recent legislative changes affecting the budget process.

Conclusion

The Federal Budget Office’s new leadership under Tanimu Yakubu is steering Nigeria toward a future of clearer, more accountable fiscal governance. By harnessing digital tools and encouraging public participation, the FBO is setting a precedent that could reshape how governments interact with their citizens. The collective response from Nigerians—expressed through social media, town‑hall discussions, and community forums—underscores the appetite for transparency and responsible fiscal stewardship. As the budget office moves forward with its ambitious agenda, the nation watches closely, hopeful that these reforms will translate into tangible benefits for all Nigerians.