The document outlines the goals, strategies, and plans of the Ministry of Economic Planning and Budget of Oyo State to transform the state's economy over the short, medium, and long term. The ministry aims to improve economic planning and budgeting processes, enhance data collection and analysis, attract foreign investment, and introduce new technologies to governance. Key goals include generating reliable statistics, effective expenditure control, holding an economic summit, and diversifying state revenue sources. The ministry will establish an economic advisory council and team to ensure recommendations are implemented.

1. TOWARDS A
TRANSFORMED OYO
STATE
Draft Blueprint of Medium –term Goals, Target and
Deliverables for Ministry of Economic Planning and
Budget
Presented by: The Honourable Commissioner for
Economic Planning and Budget
Dr Nurudeen Olarinde

2. OUR MANDATE
The Purpose of Economic Planning and Budgeting
Economic Planning and budgeting processes aim to improve Public Sector performance
therefore our mandate is as follows:
 Draw up from time to time, State Economic priorities and programmes and map out
implementation strategies.
 Enhance the efficiency of public sector spending and general State Economic
Management.
 Advisory Services on Local Government Budget.
 Preparation of Supplementary Estimates.
 Budgetary Controls & Budgetary Instructions
 Collect basic data and advise Government on the Manpower Development Policy of the
State.
 Carry out inspection visits of on-going projects in tile Development Plan with a view to
identifying bottlenecks in plan implementation and advising Government on how the
bottlenecks could be minimized.
 Generate and publish statistical data, including coordination of population related
activities, which are necessary for Planning and Development of the State.
 Formulate and advise the State Government on policies that will promote the socio-
economic development of the State.

3. • Focusing institutions on the delivery of results
• Improving internal decision making
• Fostering internal and external accountability
• Improving the allocation of resources and ensuring their prioritization
 Prepare Development Plans designed to accelerate the development of the economy
and facilitate the achievement of higher standard of living, for the people.
 Carry out periodic review of the projects and programmes in the Plan in order to
 ensure conformity with the laid down objectives.
 Prepare feasibility reports on projects so as to determine their social and economic
 viability.
 Co-ordinate all Technical Assistance Programmes and liaise with the appropriate
 Federal Government and Development Partners.
 Co-ordinate the activities and programmes of Development Partners.
 Coordinate and formulate State Policies and Programmes including State Programme
on Food and Nutrition and others.
 Effective control and release of funds in line with approved budgetary provisions
 Monitoring and control of Economic Planning Matters including:
a. State Planning Commission.
b. Economic Planning Intelligence.
c. Periodic reports on Development Plans implementations.
d. Monitoring of Development Plans.

4. WHERE WE ARE NOW
As far as economic planning is concerned we believe we are just
kicking off from point Zero. Economic planning is almost non existent
in the state and this is as a result of the following:
 Inadequate data required for realistic protections upon which
development plans are based.
 Staffing constraints and limited skilled human resource capacity to
collect, analyse and disseminate quality data on a timely and regular
basis.
 Lack of a one-stop centre for Ministry generated statistics
 Limited facilitation for collection & monitoring of data from the
various sources.
Our Budgets are therefore:
 Not based on any development plans
 Based on falsified revenue profile of MDA’s that later result in poor
performance of the budget

5. SUMMARY OF REVENUE AND
EXPENDITURE RETURNS BETWEEN 2008-
2010
YEAR APPROVED EXPENDITURE %
REVENUE PERFORMANCE
2008 92,647,349,539.0 64,947,378,901.0 70.10
0 3
2009 128,409,352,393. 59,726,307,821.5 46.51
00 5
2010 144,440,254,188. 60,661,963,692.0 41.99
00 6
The table shows the approved revenue against the expenditure at the
end of the year. Every year the state try to create a balanced Budget
for political reasons. The revenue with which to complete the projects
are assumed to be there, the projects are political projects aimed at
getting the masses to know they are being taken care of, most of the
projects are therefore not realistic and revenue projections are not
tenable.
This therefore shows the true position of the budget based on their
approved revenue and actual expenditure. What we intend to do is to
make our revenue projections realistic and achievable.

7. WHERE WE ARE GOING
For us to fashion out where we are going effectively the
objectives should be SMART i.e.
Specific, Measurable, Achievable, Realistic, and Timed.
 Specific - Be precise about what you are going to achieve.
 Measurable - Quantify our objectives.
 Achievable - Are we attempting too much at the same time?
 Realistic - Do we have the resources to make the objective
happen (men, money, machines, political will, materials, and
minutes)?
 Timed - State when we will achieve the objective (in this case
Mid-Term 2012-2015

8. Our Goals
SHORT TERM (1YR)
 Generation of comprehensive statistics and utilization of reliable data for efficient planning and
budgeting
 Effective expenditure control and project management
 1st economic summit that would also provide us with an economic blueprint
 Creation of a database of up to date economic data and indices which will be used to enhance the
accessibility of funding from development partners and Foreign Direct Investment
 Re-structure the budget & prirotise projects in order to ensure optimum budget performance
 Working in synergy with national planning commission to develop a proper planning framewok
MEDIUM TERM(2012-
2015)
 To determine and advise on policies that will promote the economic and social development of the state
 Introduction of a multiple scenario approach to preparation of our budget
 Maintenance of strong economic planning mechanism through Participatory planning
 To promote private sector-led economy
 Diversification of State Revenue and development assistance sourcing
LONG TERM(BEYOND
2015)
The set of goals highlighted is expected to be put in motion immediately and be realized to its full
potential by 2015. By which time we would have put in place an effective economic hub around which
all economic growth and development activities of the state will revolve.
To make this happen we need to look at our strengths and weaknesses aswell as the opportunities and
threats around us for us to be able to draw up a very good roadmap.

9. STRENGTH WEAKNESS
 Being a full fledged ministry  Lack of a one-stop centre for Ministry
generated statistics. Currently,
gives us increased capacity different departments produce,
to operate manage and store their data
independently and in different formats.
 The ministry has as its  Limited facilitation for collection &
commissioner an monitoring of data from the various
experienced technocrat sources.
who is quite familiar and at  Lack of regular and timely updates of
revenue data from the accountant
home with the terrain generals office
 The Ministry has the  Inadequacy of data required for
realistic protections upon which
capacity to develop an budgets are based
effective management  Staffing constraints and limited skilled
system based on human resource capacity to collect,
accountable decision- analyse and disseminate quality data
on a timely and regular basis.
making, priority and time-  Lack of adequate training ad human
frame setting, and capital development for staff in the
implement the Sector ministry
Strategic Plan for Statistics,  Inadequate staff particularly the
professional cadre
budget, planning and
monitoring

10. THREATS
OPPORTUNITIES
 International commitments  Erroneous interpretation of the
especially with the World Bank, statistics produced which
IMF, EU, ADB, UN and Bi- limits the credibility of the
lateral Development Partners statistics produced by the
which provide avenues for Ministry
improving finance statistics  Lengthy procedures for
 Government’s aim to transform recruitment and promotion are
the state into a fully developed a threat to the development of
state will increase the demand the statistical operations within
for Government Finance the ministry.
Statistics and provide scope for  Technological changes pose a
the statistics operations. challenge of updating
 Robust potentials to attract statistical packages and
funding from development manpower training
partners

11. HOW TO GET THERE
After identifying our Strength, Weakness, opportunities and Threats
the following are some of the things we need to put in place for us to
truly achieve our set goals
 Economic Advisory Council
 Economic Team
 Economic Summit
 Improvement on Statistics and Economic Data Gathering &
Management
 Attracting Foreign Direct Investment
 Introduction of SAP(Systems, Applications, and Products in Data
Processing) for Public Sector
 Introduction of ICT into Governance
 Training and Recruitment of Professional Staff
 Construction of a permanent office complex for the ministry

12. Economic Advisory Council
will be an independent body made up of
accomplished professionals, economists and
academics. It will be constituted to give economic
advice to the state specifically. The council serves
to highlight key economic issues facing the state
and to advice the government from a neutral
viewpoint. It advises the Government on a whole
gamut of economic issues like inflation,
microfinance, industrial output, etc and they are
also expected to help the government map out
strategies to attract foreign investments
It is also recommended that the committee meets
quarterly

13. Functions of the council:
 Analyzing any issue, economic or otherwise, referred to it by the
government and advising thereon;
 Addressing issues of macroeconomic importance and presenting
views thereon to the government.
 Submitting periodic reports on macroeconomic developments and
issues with implications for economic policy;
 Attending to any other task as may be desired by the government
from time to time.
The primary role is to give a neutral viewpoint on economic policy
matters that are referred to it by the government. Additionally it
prepares a quarterly report of economic developments that need to
be highlighted to the government. For this purpose it closely
monitors state and national economic developments and trends and
develops appropriate policy responses for the government.

14. Economic Team
This will be an internal committee set up to
ensure that the recommendations of the
advisory committee is followed through
aswell as make recommendations of their
own and also ensure that the running of the
state and ministries are geared towards
attaining economic growth and
development.

15. Composition of the Economic
team
 Chaired by the Executive Governor
 Ministry of Economic Planning an Budget
serves as secretariat
 Office of the Accountant General
 Ministry of Finance
 Ministry of Agriculture
 Ministry of Trade, Investments and
Cooperatives
 Due process Office
 Debt Management Office
 Ministry of Lands and housing

16. Economic Summit
Economic Summit will provide a strategic process for the
state to set and implement top economic development
priorities on an ongoing basis. The Summit will have business
leaders, government, academic communities & decision
makers in attendance. It will create an opportunity to learn
more about strategic opportunities and challenges facing
businesses today and also an avenue to forge and economic
blueprint for the state.
Individual presenters and panels of knowledgeable experts in
many areas of business innovation, law, entrepreneurship,
economic development, global expansion, energy, real
estate, political process, economics and more will be
conducting specialized breakout sessions. Industry experts
will also demonstrate to attendees at all management levels
how to improve their professional performance and bottom
line.

17. Improvement on Statistics and
Economic Data Gathering and
Management
Past methods of assembling and managing
administrative statistics rely on manual
technologies which are slow and in the long
run expensive. The methods are also very
inefficient.
The foregoing shortcomings of assembling
and managing administrative statistics
make it desirable to introduce new
technologies into the process.

18. Key strategies to improve
gathering and management of
statistical data:
 Infrastructure and Equipment.
 Human Resources Management and
Development.
 Improved Data Production
Methodology.
 Data Management, Dissemination and
Access.

19. Attracting Foreign Direct Investment
(FDI) and Foreign Development
Partners
Foreign direct investments have become the major
economic driver of globalization. FDIs will not only
provide foreign capital and funds, but also provides
an exchange of skill sets, information and
expertise, job opportunities and improved
productivity levels.
Foreign Development partners like the World Bank,
United Nations, European Union, Africa
Development Bank etc will also be invited to take
part in developmental projects that will boost the
states economy and place it at the pace setter
state we should be.

20. Introduction of SAP(Systems,
Applications, and Products in Data
Processing) for Public Sector
SAP for public sector is an information system solution designed to
help all levels of government maximize public value, SAP for Public
Sector solutions enable governments to optimize limited resources
in public administration while delivering responsive front-office
services. The solutions support business processes across a wide
range of government functions, from accounting and procurement to
case management and social services.
SAP solutions help governments leverage their finite time, money,
and personnel resources to fulfill mandated program and service
requirements on a timely basis. Where two or more agencies share
responsibility for a common outcome, these solutions can integrate
information, processes, and technology to support the active
collaboration that delivers financial returns, as well as social and
political results, to internal and external government stakeholders.

21. Their portfolio enables public organizations to connect silos of
information and integrate processes across government
departments, government levels, and borders with support
for:
 Human capital management
 Government procurement
 Public sector accounting
 Social services and social security
 Government programs
 Tax and revenue management
 Public security
 Organization management and support

22. Benefits of SAP
 Achieve greater accountability and transparency – Public sector
organizations must achieve financial transparency and be accountable to
internal and external stakeholders, such as legislatures, regulatory bodies,
and citizens.
 Leverage shared services – Public sector organizations must deal with
heterogeneous systems and multiple specialized applications in a more
efficient and cost-effective manner than in the past.
 Ensure compliance and security – To mitigate risk, governments must
make sure that activities comply with a range of regulations, mandates, and
laws relating to security, governance, and data protection.
 Achieving economies of scale and excellence in providing shared services
 Yielding quantifiable financial benefits plus qualitative social and political
value. SAP co-developed "public ROI" methodology that helps governments
demonstrate the value of IT investments to the public, going beyond
traditional financial measures to show gains in transparency and integrity.
 Measuring economic impacts through data and process integration, and
improving support for decision making through extensive reporting and data
analysis

23. Introduction of ICT Into
Governance
The ministry intends to ensure that the computer literacy rate
increases to almost a 100%. With the fast growing digital economy
we need to be able to catch up with the trend. That being said apart
from the introduction of SAP we will also ensure the following:
 All the offices in the ministry have networked computers and
Laptops for staff where necessary
 We will build and host a functional website for the ministry
 We intend to establish a data centre which will be the hub for
storage and access of all data and resources.
 We plan to integrate our systems in such a way that all financial
activities and progress can be monitored by the commissioner and
the governor in REALTIME and REMOTELY if need be

24. Training and Recruitment of
Staff
We intend to do a thorough shake up in manpower by constant
training and retraining of the staff we already have and employing
new once where we see fit especially in the statistics and planning
department. This is very critical as the strength of the information
and data we gather determines their efficiency when used for :
Policy formulation, Developmental Planning, Programme & Project
Designs of government and international donor community , Policy
Marketing at both the legislative and executive arms of
Governments, Academics/Researchers ,Private Organisations,
Consultants, International Organisations & The Media.
We therefore cannot emphasis enough the need to recruit
competent staff and TRAINING and RE-TRAINING of the staff we
have in the ministry if we want optimal performance in Planning,
preparation of budget, project monitoring and evaluation.

25. Construction Of a Permanent
Office Complex
It is very crucial for us to have a permanent
office complex of our own so has to ensure
that staff work in a conducive and
comfortable environment as well as to
ensure the do not lack the necessary
facilities to enable them function optimally

26. Other strategies include:
•Improvement on monitoring procedures by employing more skilled and
qualified manpower and equipping them to be able to effectively
discharge their duties
•To
ensure the adoption of Medium Term Expenditure Framework
MTEF in preparation and execution of the state budget
•Toprepare ad implement the Community Economic Empowerment
and Development Strategy CEEDS through the communities in all the
33 Local government councils
•Co-ordinate the attainment of MDG’s under the Conditional Grant
Scheme of the federal Government in the 33 Local Government areas
of the State
•All publications will be made up to date and ready for print by the end of the
year

27. •The relevant committee to oversee the 2012 budget should be setup immediately
with the aim of having the budget ready in record time
•The budget will be reviewed in such a way that the state spends more on capital
expenditure and less on recurrent
•Set a new target for budget implementation and review its performance on a
quarterly basis
•Provision of a conducive environment for the research analyst in the
planning department
•The resource centre should be setup immediately using latest technology and
making it as conducive and resourceful as possible