Nigeria’s N152tn debt largely inherited – Edun tells Senate
The Minister of Finance, Wale Edun, told the Senate that Nigeria’s N152 trillion debt is mostly inherited, with only about N20 trillion borrowed since 2023. Exchange rate fluctuations also increased the naira value of foreign loans, contributing to the debt growth. Edun explained that the proposed N58.472 trillion 2026 budget focuses on growth-enhancing projects aimed […]
Nigerian govt to share electricity subsidy burden with states, LGs
The Federal Government has announced a major shift in how electricity subsidies will be funded in Nigeria, saying the burden will no longer rest solely on the centre. From 2026, the cost of electricity subsidies will be shared among the federal, state and local governments. This was disclosed in Abuja by the Director-General of the […]
No nation succeeds with recklessness – Peter Obi slams Tinubu over multiple budgets
Former Labour Party presidential candidate, Peter Obi, has slammed the Federal Government over what he describes as “fiscal recklessness” in managing Nigeria’s national budgets. Obi raised concerns over the simultaneous implementation of budget items from multiple fiscal years, questioning which budget the country is currently operating under ahead of the 2026 budget approval by the […]
Reps Pass ₦58.47 Trillion 2026 Budget – Politics
The House of Representatives has passed President Bola Ahmed Tinubu’s ₦58.47 trillion 2026 Appropriation Bill for second reading. The budget, tagged “Budget of Consolidation, Renewed Resilience, and Shared Prosperity,” was approved on Thursday during plenary without any debate, reflecting broad legislative support at this stage. President Tinubu had earlier presented the 2026 budget proposal to […]
Gov Buni signs 2026 budget
Yobe State Governor, Mai Mala Buni, has signed the 2026 budget into law, marking a significant step in the state’s development plans. The budget outlines key priorities aimed at improving infrastructure, healthcare, education, and security across Yobe. Governor Buni said the budget reflects the government’s commitment to sustainable growth and the welfare of citizens. He […]
Gov Mbah signs N1.62trn Enugu 2026 budget into law, says N870bn IGR target realisable
Enugu State Governor, Peter Mbah, has signed the ₦1.62 trillion 2026 budget into law, marking one of the biggest spending plans in the state’s history. The governor said the budget is designed to accelerate development, improve infrastructure, and strengthen the state’s economy across key sectors. Mbah also expressed confidence that the state can generate ₦870 […]
2026 Budget: NASS gives speedy assent to every executive request – Economic analyst
An economic analyst has raised concerns over what he described as the National Assembly’s unusually fast approval of executive requests related to the 2026 budget. According to him, the speed at which the legislature is giving consent to proposals from the Presidency raises questions about the level of scrutiny being applied to key financial decisions. […]
Jigawa Assembly passes 2026 appropriation bill
The Jigawa State House of Assembly has passed the 2026 appropriation bill, approving the budget for the next fiscal year. Lawmakers highlighted that the budget will focus on key sectors such as education, health, infrastructure, and security. The Speaker of the Assembly emphasized that the budget aligns with the government’s development priorities and aims to […]
Nigerian 2026 budget: Akpabio defends legislature, executive collaboration, cites global history
Senate President Godswill Akpabio has defended the close working relationship between the National Assembly and the Executive during the consideration of Nigeria’s 2026 budget. He said cooperation between both arms of government is not a weakness but a standard democratic practice aimed at ensuring effective governance and national development. Akpabio explained that budgeting is a […]
Tinubu’s 2026 budget speech
President Bola Tinubu has presented the 2026 Appropriation Bill to the National Assembly, proposing a total budget size of N58.46 trillion. In his address, the President described the proposal as a key step in consolidating recent economic reforms while improving the living standards of Nigerians. He acknowledged the challenges citizens have faced but stressed that […]