The Nigerian Naval Budget Resilience Model Adapting to Economic Shocks and Fiscal Pressures
DOI:
https://doi.org/10.65150/EP-jefrr/V1E5/2025-01Keywords:
Naval Budgeting, Fiscal Resilience, Defense Financial Governance, Contingency Planning, Economic Shocks, Public Sector Risk Management.Abstract
Persistent economic volatility and revenue instability in Nigeria have placed increasing pressure on the financial management systems of the Nigerian Navy. As operational demands rise and fiscal constraints deepen, there is an urgent need for a strategic framework that ensures budgeting flexibility, mission continuity, and long-term sustainability. This paper proposes the Nigerian Naval Budget Resilience Model—a comprehensive approach to enhancing fiscal agility and safeguarding naval operations against macroeconomic shocks. Grounded in principles of adaptability, redundancy, fiscal discipline, and responsiveness, the model integrates risk-based tools such as rolling forecasts, contingency planning protocols, and early warning economic indicators into the budgeting process. It also emphasizes institutional reform by addressing core challenges, including oil-revenue dependency, weak forecasting capacity, and the absence of flexible financial mechanisms. Structural components of the model support decentralized planning and evidence-based allocation while promoting alignment with national fiscal governance systems. The model offers a practical roadmap for embedding resilience within naval financial operations, supported by leadership training, policy directives, and interagency collaboration. Ultimately, this study contributes to the modernization of defense budgeting in Nigeria, fostering a culture of strategic foresight, operational stability, and institutional transparency within the Armed Forces.
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