President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026. Presidential spokesman, Bayo Onanuga, confirmed this in a...
Budget
There are moments in the life of a people when something unusual appears on the horizon. Not the familiar politician whose promises arrive with great fanfare and depart with suspicious speed, but something steadier. Something that does not merely announce itself but offers direction. It seems the people of...
Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to strictly comply with the provisions of the Medium-Term Expenditure Framework (MTEF), underscoring that adherence to the framework is critical to strengthening the credibility and transparency of Nigeria’s budget process. The Secretary to the Government of the Federation, Sen....
Federal Government has defended Executive Order 9 (EO9), insisting that the directive is rooted in constitutional provisions and does not amount to executive overreach. In a statement issued on February 23, 2026, the Director-General of the Budget Office of the Federation, Tanimu Yakubu, said claims that the order allows...
The second conference of the National Economic Council, convened on 9 and 10 February 2026, was not another calendar obligation dressed up as policy theatre. It was a working session of a federation intent on maturing. For the Federal Ministry of Budget and Economic Planning, constitutionally mandated as secretariat...
Senate has set March 17, 2026, as the tentative date for the final consideration and passage of the ₦58.472 trillion 2026 budget. The timeline was disclosed by the Senate Committee on Appropriations after a special session held on Friday, during which February 2 to 13, 2026, was approved for...
Borno State acting Governor, Umar Kadafur, has signed the 2026 Appropriation Bill into law, marking a historic milestone as the first time an acting governor has assented to a state budget in Borno’s history. The signing ceremony, which took place on Tuesday, 27 January 2026, also featured another major...
Budget Office of the Federation (BOF) has firmly defended the repeal and re-enactment of the 2024 and 2025 Appropriation Acts, describing recent claims of constitutional breach, fiscal illegality and lack of transparency as misplaced. In a detailed clarification issued by the Director-General of the Budget Office, Tanimu Yakubu, the...
Kaduna State Government has clarified that the 2026 Appropriation Act will be fully financed without contracting any new loans, insisting that Governor Uba Sani has not borrowed a kobo since assuming office. The Commissioner for Planning and Budget, Hon. Mukhtar Ahmed Monrovia, made the clarification in a statement issued...
Niger Delta Development Commission (NDDC) has formally presented its proposed 2025 budget of N1.74 trillion to the House of Representatives, seeking legislative consideration and approval. The Managing Director of the commission, Mr. Samuel Ogbuku, submitted the budget to the House Committee on NDDC during a session in Abuja, describing...
Borno State Governor Babagana Umara Zulum on Monday presented a N890,331,686,000.00 budget proposal for the 2026 fiscal year to the State House of Assembly, with the education sector receiving the highest single-sector allocation of N135 billion. Tagged the “Budget of Sustained Recovery and Growth,” it places the capital expenditure...
Kaduna State Government has explained the rationale behind Governor Uba Sani’s decision to allocate ₦100 million to each of the state’s 255 wards in the 2026 budget, describing the move as a historic and deliberate push to entrench grassroots development. The Commissioner for Planning and Budget, Mukhtar Ahmed Morovia,...
Benue State Government has presented her budget estimate totalling Six Hundred and Five Billion, Five Hundred and Six Million, Seven Hundred and Sixty-Four Thousand, and Sixty-Six Naira, Sixteen Kobo (₦605,506,764,066.16K), before the state house of assembly, in Makurdi, for consideration and subsequent approval. Addressing the lawmakers during the budget...
Former Labour Party presidential candidate, Peter Obi, has raised serious concerns over Nigeria’s governance process, accusing the Federal Government of presiding over what he described as the fabrication of laws following the presentation of the 2026 national budget. In a strongly worded statement titled “ _Migrating from Padded Budgets...
President Bola Ahmed Tinubu on Friday presented the 2026 Appropriation Bill to a joint sitting of the National Assembly, describing it as a “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” While the President insisted that the economy is stabilising, the opposition Peoples Democratic Party (PDP) has sharply disagreed,...
In a nutshell: Nigeria’s 2026 budget as presented by President Bola Tinubu on Friday December 19 The 2026 Federal Budget is anchored on realism, prudence, and growth. The key aggregates are as follows:1) Expected total revenue is 34.33 trillion naira.2) Projected total expenditure is 58.18 trillion naira, including 15.52...
President Bola Ahmed Tinubu on Friday formally presented the 2026 Appropriation Bill to a joint session of the National Assembly, describing it as a decisive step to consolidate reforms, strengthen economic resilience and deliver tangible benefits to Nigerians. Tagged “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” the proposed...
2026 BUDGET SPEECH: “Budget of Consolidation, Renewed Resilience and Shared Prosperity” Presented by:His Excellency, Asiwaju Bola Ahmed Tinubu, GCFRPresident, Federal Republic of Nigeria At the Joint Session of the National Assembly, AbujaFriday, 19 December 2025 PROTOCOLSDistinguished Senate President,Rt. Honourable Speaker and Honourable Members of the House of Representatives,Distinguished Senators...
Federal Executive Council (FEC) has approved a ₦58.47 trillion budget proposal for the 2026 fiscal year, setting the stage for its presentation to the National Assembly by President Bola Tinubu. The approval was announced on Friday by the Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu,...
President Bola Ahmed Tinubu has formally approached the Senate, seeking approval to present the 2026 Appropriation Bill before a joint sitting of the National Assembly. The request was conveyed in a letter read by the Senate President during plenary, in which the President proposed Friday at 2:00 p.m. as...