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Tag: 2026 Budget

Finance

2026 budget: NCCE focuses on personnel, operations

Within the education sector, the National Commission for Colleges of Education has unveiled its budget framework, which prioritises personnel costs, utilities and routine operational expenditures necessary to sustain regulatory oversight and administrative efficiency in colleges of education nationwide. The budget outline comes against the backdrop of President Bola Tinubu’s proposed N58.18 trillion National Budget for […]

Finance

State assemblies add over N1tn to 2026 budgets — Report

No fewer than 13 State Houses of Assembly across Nigeria have injected over N1tn into their respective 2026 budgets following legislative reviews and amendments to appropriation bills submitted by governors, findings by The PUNCH have shown. The figure emerged from an analysis comparing the 2026 budget proposals presented by state governors with the final appropriation […]

featured Finance

2026: Tinubu, Shettima to spend N9.36bn on travels, meals

President Bola Tinubu and Vice President Kashim Shettima are expected to spend a combined total of N9,364,349,417 on local and foreign travels, as well as food and refreshments, in the 2026 fiscal year. This information is contained in details of the 2026 Appropriation Bill released on Thursday by the Budget Office of the Federation. President […]

Finance

FG allocates N1.8tn from 2026 budget for unpaid contractors

The Federal Government has made provisions to settle outstanding debts owed to contractors for capital projects executed in 2024, earmarking N1.7tn for the purpose in the proposed 2026 Appropriation Bill. A detailed breakdown of the 2026 national budget shows that the allocation is listed under a specific line item titled Provision for 2024 Outstanding Contractor’s […]

Finance

Lagos Assembly approves ₦4.4trn 2026 budget

The Lagos State House of Assembly has approved the ₦4.4 trillion 2026 Appropriation Bill, officially tagged the Budget of Shared Prosperity, following weeks of extensive scrutiny and sector-by-sector evaluation by lawmakers. The passage of the budget reflects the conclusion of detailed legislative engagements aimed at ensuring fiscal responsibility and alignment with the developmental priorities of […]

Policy and Regulations

2026 budget will consolidate Tinubu’s reform gains — Minister

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has described the 2026 budget as a carefully structured instrument aimed at consolidating the gains of President Bola Tinubu’s reform agenda, which he said is already producing positive outcomes. Idris made the remarks in a statement released in Abuja on Tuesday by his Special Assistant […]

Rivers assures Germany of secure business environment presentation
featured Finance

Rivers approves N1.8tn budget for 2026

The Rivers State Executive Council has approved a budget proposal of N1.8tn for the 2026 fiscal year. The approval was granted during a meeting of the State Executive Council held on Friday evening. Speaking with journalists after the meeting, the newly sworn-in Special Adviser to the Governor on Economic Matters and Social Development, Professor Peter […]

Finance

Bauchi Assembly passes N877bn 2026 budget into law

The Bauchi State House of Assembly has passed the 2026 Appropriation Bill into law, approving a total budget size of N877,052,907,900 for the coming fiscal year. The passage of the bill followed the presentation of the report of the House Committee on Appropriation during plenary on Tuesday. The session was presided over by the Speaker […]

Finance

States plan N4.3tn borrowing to fund 2026 budgets

Ten Nigerian states are planning to raise about N4.287tn from loans, bonds, grants, capital receipts and public-private partnerships to finance capital projects contained in their 2026 budgets. The states, Lagos, Abia, Ogun, Enugu, Osun, Delta, Sokoto, Edo, Bayelsa and Gombe, collectively presented budgets totalling N14.174tn to their respective Houses of Assembly. An analysis of the […]

Finance

Education tops as Zulum presents N890bn budget to Borno Assembly

Borno State Governor, Babagana Umara Zulum, on Monday presented a budget proposal of N890,331,686,000.00 for the 2026 fiscal year to the Borno State House of Assembly, with the education sector receiving the highest allocation of N135 billion. The appropriation bill is tagged the “Budget of Sustained Recovery and Growth” and places capital expenditure at over […]

FAAC funds to FG, states hit 7-year high in 2023
featured Finance

FAAC, loans dominate govs’ funding plans for 2026 budget

State governments are heading into 2026 with expansive spending plans, but weak internally generated revenue is compelling many of them to depend heavily on federal transfers, borrowing, and temporary inflows to finance their budgets, according to an analysis by The PUNCH. A review of appropriation bills and approved estimates across several states indicates that only […]

Finance

2026 budget: Anambra, Enugu lead states in education funding

As governors across the country submit their 2026 appropriation bills to their respective state Houses of Assembly, an analysis by The PUNCH has revealed significant disparities in education sector funding, with Anambra, Enugu, Kano and Jigawa emerging as the leading states, while several others fall well below recommended benchmarks. So far, a total of 34 […]

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