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A national budget is a financial document prepared at the end of each fiscal year with the expected expenditures of the entire nation. It mainly includes the sources of revenue and expected expenditure on employees of the national governments as well as the projects initiated by the national government.
Budgeting is one of the most important areas of policymaking and budgets are extremely important documents. They act as instruments for implementing the provisions in the international, regional and national conventions leading to achieving the promotion of the welfare of youths.1 Better outcomes in any sector, for instance in education, health, youth development, water or rural development depend not just on allocations but also on actual execution and proper use of those allocations.
Poor investments on youths related issues reflect the low priority many governments attach to youth development when it comes to budget planning and implementation. The neglect of vulnerable youths and youth – street youths and youth, orphans, migrant youths and youth, those trafficked and/or sexually abused – in policy and budgeting underscores the need for guidelines on youth responsive budgeting.
Definition of Youths
The rights of youths are established in conventions, declarations, resolutions and charters at the global and regional level. They are also found in countries’ constitutions, laws and policies at the national and local level.
The Nigerian national youth policy (2009) defines youth as between 18-35 years. In 2016, Nigeria’s population reached 182 million with more than half under 30 years of age. Also, there is a growing youth bulge, with those under 14 years accounting for more than 40 percent of the population. In absolute terms, there are more youths in Nigeria today than any other segment of the population, and this comes with its peculiar social and economic implications.