The Nigeria Public Finance Review was prepared at the request of the Federal Ministry of Finance, Budget, and National Planning, and prepared in close collaboration with the Budget Office of the Federation, the National Bureau of Statistics (NBS), the Office of the Accountant General of the Federation (OAGF), and the Debt Management Office (DMO). Its analysis of the efficiency, equity, and impact of public revenue and expenditure management is designed to inform Nigeria’s process of fiscal consolidation as the country strives to recover from the coronavirus disease 2019 (COVID-19) pandemic and meet the challenges of a dynamic global economic environment.

The Nigeria Public Finance Review is part of a programmatic effort of fiscal analytics that the World Bank is conducting with the Nigerian government. Ongoing analyses is shared as presentations and technical notes in a continuous dialogue. The emphasis is on establishing a baseline understanding of key fiscal management challenges, and on highlighting reform options to support the government’s agenda to strengthen revenue and expenditure policies and programs to tackle Nigeria’s key development challenges.

This Public Finance Review synthesis report was prepared by a World Bank team led by Marco Hernandez (Lead Economist), Emilija Timmis (Senior Economist), Miguel Angel Saldarriaga (Economist), Samer Matta (Senior Economist), Nyda Mukhtar (Economist), Gloria Joseph-Raji (Senior Economist), Joseph Ogebe (Research Economist), and Masami Kojima (Lead Energy Specialist).

The team is grateful to, Lilian Okpeku (Research Analyst), Leif Jensen (Senior Economist), Rajul Awasthi (Senior Public Sector Specialist), Elijah Kimani (Public Sector Specialist), Sylke Von Thadden (Consultant), Tara Vishwanath (Lead Economist), Jonathan Lain (Economist), Arthur Lagrange (Senior Economist), Yadviga Semikolenova (Lead Economist), Rei Odawara (Senior Economist), Mohammed Shuaibu (Consultant), Guillermo Palacios (Consultant), Ariel Melamud (Consultant), Juan Pradelli (Consultant), Francisco Vasquez (Consultant), Aichiro Suryo Prabowo (Consultant), Robert Beyer (Senior Economist), Wael Mansour (Senior Economist), Habib Rab (Lead Economist), Khwima Nthara (Country Manager), and Marcello Arrigo (Consultant) for their valuable contributions to this report.

The Nigeria Public Finance Review benefited from the overall supervision and guidance of Shubham Chaudhuri (Country Director), Abebe Adugna (Regional Director for Equitable Growth, Finance, and Institutions), and Francisco Carneiro (Practice Manager for Macroeconomics, Trade, and Investment).