Abstract:
The major goal of this research was to see how budget assessment affected Nigeria's economic
progress. The inspiration stemmed from a number of inconsistencies in the Nigerian economy's
budget preparation and execution. This study employed an ex-post-facto design, with data
gathered from the Central Bank Statistical Bulletin and the Federal Ministry of Finance for
analysis. A model based on empirical and theoretical reviews was developed to attain this wide
purpose. The model's dependent variable was the Human Development Index (HDI), while the
model's independent variables were the government's capital budget, recurrent budget, and
yearly budget implementation rate. To evaluate data, the researchers used the Ordinary Least
Squares (OLS) Model. Budget assessment had a favorable and considerable influence on Nigeria's
economic progress, according to the inferential findings. According to the report, Nigeria's
government should make an effort to raise capital and recurring expenditures in its yearly
budget, since both have a substantial influence on economic development. Finally, the
government should make an effort to put in place effective budget monitoring and assessment
equipment that will increase the rate of budget implementation while simultaneously ensuring
strict adherence to due process.
