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Tag: 2026 Budget

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Nigeria’s 36 states and the Federal Capital Territory have increased their combined budgets by 47.5 per cent, from N27.22tn in 2025 to N40.14tn in 2026. Despite the significant increase in overall spending, the proportion allocated to capital projects has declined, raising concerns about the potential impact on infrastructure development and long-term economic growth. An analysis […]

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2026 budget: FG earmarks ₦400bn for palaces, mosques, civic centres

Nearly N400bn was set aside in the 2026 budget by about 78 Ministries, Departments and Agencies of the Federal Government for the construction and rehabilitation of community halls, mosques, traditional rulers’ palaces, village market squares and civic centres, findings by The PUNCH have shown. More than half of the N400bn was earmarked for non-developmental projects […]

Finance

FG hails Kano gov for committing 32% of budget to education

The Federal Government has lauded the Kano State Government for allocating 32 per cent of its budget to education. The News Agency of Nigeria reported that the Kano State Government allocated a historic N405 billion out of its N1.36 trillion proposed budget for the 2026 fiscal year to the education sector. NAN reported that this […]

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Rivers assembly vows speedy passage of Fubara’s ₦1.854trn 2026 budget

The Rivers State House of Assembly has assured Governor Siminalayi Fubara of speedy consideration of the proposed N1.854tn 2026 Appropriation Bill despite its late presentation. AM Business had reported that Fubara presented the appropriation bill on Friday, christened ‘Budget of Resilience for Growth and Development’, to the Assembly for consideration and approval. The Speaker of […]

Finance

Fubara presents ₦1.854trn budget to Rivers assembly

Rivers State Governor Siminalayi Fubara has presented a proposed budget of N1.854 trillion for the 2026 fiscal year to the Rivers State House of Assembly. He described the budget as a “Budget of Resilience for Growth and Development.” Presenting the Appropriation Bill before lawmakers on Friday, Governor Fubara said the budget was designed to consolidate […]

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Presidential air fleet gulps ₦4.24bn despite low budget — Report

The Presidential Air Fleet received at least N4.24bn in disbursements between June and December 2025, the latest updates on GovSpend, a civic technology platform that tracks and analyses Federal Government spending, have revealed. Findings by The PUNCH also revealed that the disbursements, made into the Presidential Air Fleet naira transit account operated by the Presidential […]

Finance

National Assembly approves ₦2.285tn FCT 2026 budget proposal

The National Assembly on Thursday passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, approving a total expenditure of N2.285tn for the development and administration of the nation’s capital. The approval followed the presentation and consideration of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary. […]

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Tinubu signs ₦68.32trn 2026 budget into law

President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year. He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026. The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion […]

Finance

Women affairs minister urges Senate to boost 2026 budget

The Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, has appealed to the Senate to increase the N134.2 billion proposed for the ministry in the 2026 fiscal year. The minister said an upward review would enable the ministry to implement programmes aimed at addressing the multifaceted challenges facing women across the country. Meanwhile, the […]

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Senate rejects AGF’s 2026 budget over unpaid contractors, zero releases

The Accountant-General of the Federation, Shamseldeen Ogunjimi, faced intense scrutiny on Thursday. The Senate Committee on Finance declined to consider the 2026 budget proposal of his office. The decision stemmed from poor budget releases and mounting unpaid liabilities to contractors. The AGF heads Nigeria’s Treasury House. He is responsible for the custody, management, and disbursement […]

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Senate fixes March 17 for ₦58.47trn 2026 budget passage

The Senate Committee on Appropriations has tentatively scheduled Tuesday, March 17, 2026, for the final consideration and passage of the N58.47 trillion 2026 Appropriation Bill. To achieve this timeline, the committee held a special session on Friday and approved February 2 to 13, 2026, for budget defence by Ministries, Departments and Agencies (MDAs) at the […]

Nigeria has best return on investments, Tinubu tells Indian investors
Finance

Reps pass Tinubu’s ₦58.18trn 2026 appropriation bill

The House of Representatives, on Thursday, approved President Bola Tinubu’s 2026 Appropriation Bill, endorsing a proposed N58.18 trillion budget anchored on macro-economic stability, enhanced security, and increased capital expenditure. The budget, christened “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was presented to the National Assembly on December 19, 2025, and described by lawmakers […]

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