Tag: 2026 Budget

Senate passes ₦68tr 2026 fiscal  Budget

Aminu Imam
NASS passes Budget

The 10th Senate has approved a ₦68 trillion budget for the 2026 fiscal year, representing an increase of ₦9 trillion from the initial proposal of ₦59 trillion. The budget allocation includes: ₦4.8 trillion for statutory transfers; ₦15.8 trillion for debt servicing; ₦15.4 trillion for recurrent (non-debt) expenditure, and ₦32.3 trillion earmarked for capital expenditure through contributions to the development fund The Budget covers the period ending 31st December 2026. Prior to the passage of the 2026 budget, President Bola Tinubu had sought the approval of the 10th National Assembly for…

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2026 Budget: FG to borrow again, as Senate flags ₦25.27tr deficit

Aminu Imam
FG to borrow again2

Nigeria will continue to borrow to plug its widening budget deficit, the 10th Senate has confirmed, amid mounting concerns that rising debt and weak revenue mobilisation could push the country toward fiscal distress. At a public hearing on the 2026 Appropriation Bill in Abuja, Chairman of the Senate Committee on Appropriations, Senator Solomon Adeola, disclosed that the proposed 2026 Budget projects total expenditure of ₦58.47 trillion against expected revenue of ₦33.19 trillion, leaving a deficit of ₦25.27 trillion. Debt servicing alone is estimated at ₦15.90 trillion. Adeola said borrowing had…

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Tinubu, Shettima to spend ₦9.3bn on travels, food in 2026  – Budget

Aminu Imam
Tinubu, VP to spend

President Bola Tinubu and Vice-President Kashim Shettima will spend a total of ₦9,364,349,417 on local and foreign travels, as well as food and refreshments in the 2026 fiscal year. This is according to details of the 2026 Appropriation Bill released on Thursday by the Budget Office of the Federation. Recall that President Tinubu had on December 19, 2025, presented the Budget estimate, totalling ₦58.18trillion to a joint session of the 10th National Assembly, where he said national security remained the foundation of economic growth, investment and social stability. In the…

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Kano Gov. signs ₦1.47tr 2026 Budget into law

Aminu Imam
Kano Gov. signs

Kano State governor, Abba Kabir Yusuf, has signed the state’s 2026 Appropriation Bill of ₦1.47 trillion into law. The governor, according to a statement issued yesterday by his Chief Press Secretary, Sunusi Dawakin-Tofa, signed the Budget during a meeting of the Kano State Executive Council at the Government House, Kano. The Budget is a move aimed at boosting development and improving living standards in the state. Speaker of the Kano State House of Assembly, Isma’il Falgore, described the Budget as the first in Northern Nigeria’s history to exceed ₦1 trillion,…

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Tinubu unveils ₦58.18tr 2026 Budget, declares war on armed groups

Aminu Imam
Tinubu unveils 2026 Budget

…Seeks Budget reset, State Police President Bola Tinubu yesterday presented a ₦58.18 trillion 2026 Appropriation Bill to a joint sitting of the 10th National Assembly, rolling out an ambitious fiscal plan anchored on security dominance, economic consolidation and deep structural reforms, even as he acknowledged the hardship Nigerians continue to endure from ongoing economic adjustments. Tagged: ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’, the proposal places national security at the heart of governance, with Tinubu declaring that all armed groups operating outside the authority of the state will henceforth…

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Tinubu to present 2026 Budget to NASS today 

Aminu Imam
Tinubu 2026 Budget

President Bola Ahmed Tinubu will today, Friday, present the 2026 Appropriation Bill to a joint session of the 10th National Assembly. The presentation, scheduled for 2:00 pm, was conveyed in a notice issued yesterday by the Office of the Clerk to the National Assembly. According to the notice, all accredited persons are required to be at their duty posts by 11:00 am on the day of the presentation, as access into the National Assembly Complex will be restricted thereafter for security reasons. The notice, signed by the Secretary, Human Resources…

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‘2026 Budget to be presented this week’ – Senate

Aminu Imam
Senate on 2026 Budget

…Passes MTEF/FSP The 10th Senate has passed the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), indicating President Bola Tinubu is expected to present the 2026 Appropriation Bill of N54.4 trillion this week.  Senate President Godswill Akpabio, announced the passage yesterday, following the consideration and debate on the report presented by the Chairman of the Senate Committee on Finance, Sani Musa. Akpabio described the MTEF as a prerequisite for the presentation of the national budget, underpinning that the document does not represent a final position of the legislature.…

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FG plans ₦17.89tr borrowing in 2026

Aminu Imam
FG plans borrowing

…Almost half of its revenue set to pay debt The Federal Government plans to borrow a staggering ₦17.89 trillion in 2026 to fund its budget as revenue projections fall sharply short of expenditure needs.  According to the 2026 Abridged Budget Call Circular from the Ministry of Budget and Economic Planning, new borrowing will surge from ₦10.42 trillion in 2025, marking a 72% increase in fresh loans amid growing concerns over debt sustainability. The sharp rise is driven by a larger fiscal deficit, projected at ₦20.12 trillion in 2026, up from…

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Uba Sani presents 2026 Budget of ₦985.9bn to Kaduna Assembly

Aminu Imam
Uba Sani presents

Kaduna State governor, Uba Sani, has presented the 2026 Appropriation Bill of ₦985.9 billion to the Kaduna State House of Assembly, describing it as a people-centred financial plan to consolidate ongoing reforms in security, infrastructure, education and rural development sectors. Presenting the proposal before lawmakers at Lugard Hall yesterday, the Governor said the draft budget was not just a constitutional obligation, but “a solemn civic engagement” anchored on transparency, equity and the welfare of citizens. Governor Sani said that the 2026 budget was drawn up through one of the widest…

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