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2026 Budget

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Nigeria

Tinubu to opposition: Elections not won on social media

President Bola Tinubu has told opposition figures and party supporters that elections are decided by voters in communities, not by debates on social media. He spoke through Vice President Kashim Shettima at the Progressive Governors’ Forum and Renewed Hope Ambassadors Strategic Summit in Abuja.​ Tinubu urged members of the All Progressives Congress to take government policies and messages directly to wards, markets, campuses and other grassroots areas. He said this face to face engagement is vital for countering misinformation and building trust ahead of the 2027 elections.​ The President also called for peace within the party in Benue State. He appealed to Secretary to the Government of the Federation, Senator George Akume, to reconcile with Governor Hyacinth Alia so that APC leaders in the state can work together on security and development.​ Tinubu praised Akume’s long public service career and […]

Abdulmumini Auwal SA February 25, 2026

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Nigeria

Reps panel moves to cut budget funds for 22 defaulting agencies

The House of Representatives Committee on Public Accounts has asked that 22 federal ministries, departments and agencies be removed from the 2026 budget over alleged refusal to account for public funds. Chairman Bamidele Salam said the affected institutions repeatedly ignored audit queries and legislative summons covering the 2020, 2021 and 2022 financial years.​ Agencies named include the Nigerian Meteorological Agency, Federal Housing Authority, Standards Organisation of Nigeria, National Insurance Commission, National Business and Technical Examinations Board and the Corporate Affairs Commission. Others are the Federal Ministry of Housing and Urban Development, Ministry of Women Affairs, Council for the Regulation of Freight Forwarding in Nigeria, FCT Secondary Education Board, several federal universities, polytechnics, colleges and federal medical centres.​ Salam said the MDAs failed to submit audited accounts for between three and five years and did not provide key financial records despite […]

Abdulmumini Auwal SA February 13, 2026

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Nigeria

Reps seek tighter defence accountability in 2026 budget

The House of Representatives Committee on Defence has called for stricter accountability, result driven spending and a comprehensive security strategy in the 2026 defence budget. Chairman of the committee, Babajimi Benson, made the call in Abuja as the panel began budget defence sessions with the Ministry of Defence and its agencies.​ Benson described the exercise as a sacred constitutional duty and a key stage in the appropriation process. He said it provides a platform for rigorous scrutiny, constructive engagement and mutual accountability in the interest of national security.​ He praised the Armed Forces and security agencies for gains recorded against insurgency, terrorism and other crimes across various theatres of operation. However, he warned that persistent security challenges show the need for deeper reforms, better coordination and smarter use of limited resources.​ Benson stressed that higher allocations must come with measurable […]

Abdulmumini Auwal SA February 10, 2026

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Nigeria

Tinubu says new tax laws will boost prosperity

President Bola Ahmed Tinubu has assured Nigerians that his government’s new tax regime will support shared prosperity, sustained growth and long-term economic stability.​In his New Year message, he said the reforms are meant to harmonise taxes, end multiple taxation, raise revenue sustainably and strengthen funding for infrastructure and social programmes, not to overburden citizens.​He praised states that have already adopted harmonised tax laws, noting that a streamlined system will reduce excessive levies and improve Nigeria’s fiscal foundation.​ Tinubu said the difficult reforms carried out in 2025 are already producing measurable gains despite global economic headwinds, and that more benefits will reach ordinary Nigerians in 2026.​He highlighted a growth plan to bring at least 10 million Nigerians into productive economic activity by empowering at least 1,000 people in each of the country’s 8,809 wards through agriculture, trade, food processing and mining.​The […]

Abdulmumini Auwal SA January 1, 2026

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Nigeria

Presidency explains rise in 2026 budget to N58trn

The Presidency says the proposed 2026 federal budget of N58.18 trillion is aimed at consolidating reforms, boosting growth and tackling security and social challenges, not just expanding spending for its own sake. The aggregate expenditure is about six per cent higher than the 2025 estimate of N49.7 trillion, reflecting what officials describe as a more ambitious but targeted fiscal plan.​ According to presidential officials, the increase is driven mainly by higher allocations to defence, internal security and law enforcement in response to persistent insurgency, banditry and other threats. The 2026 plan earmarks about N5.41 trillion for security related spending, making it one of the largest single components of the budget.​ The budget also scales up capital investment in infrastructure, including roads, rail, power and public assets needed to support private sector led growth. Government argues that sustained infrastructure funding is […]

Abdulmumini Auwal SA December 22, 2025

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Nigeria

Security tops Tinubu’s N58.18trn 2026 budget priorities

President Bola Ahmed Tinubu has made security the single biggest priority in the proposed N58.18 trillion 2026 federal budget, earmarking N5.41 trillion for defence and internal security. The allocation is the largest for any sector and marks the third straight year that security has taken the top share of national spending under his administration.​ Presenting the “Budget of Consolidation, Renewed Resilience and Shared Prosperity” to a joint session of the National Assembly, Tinubu said security remains the foundation of economic growth, investment and social stability. He argued that without peace, efforts to expand jobs, infrastructure, education and health will not succeed.​ Under the proposal, defence and security will receive N5.41 trillion, ahead of infrastructure (N3.56 trillion), education (N3.52 trillion) and health (N2.48 trillion). The funds are expected to modernise the armed forces, strengthen intelligence driven policing, tighten border security and […]

Abdulmumini Auwal SA December 20, 2025

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Nigeria

Tight security as Tinubu heads to NASS to present 2026 budget

Security has been significantly tightened around the National Assembly Complex in Abuja as President Bola Ahmed Tinubu prepares to present the 2026 Appropriation Bill to a joint session of the Senate and House of Representatives. Extra armed policemen have been deployed to all main entry points, including the MOPOL Gate, the Villa Gate and the Annex Gates.​ Access to the complex has been strictly restricted to accredited persons. Those without proper accreditation are being turned back, although the screening and accreditation process has so far been reported as smooth and without incident.​ The usual busy atmosphere at the National Assembly has largely disappeared due to the movement restrictions. Human and vehicular traffic has been reduced, leaving the foyer and corridors, normally crowded with staff, visitors and lobbyists, unusually quiet.​ President Tinubu is scheduled to present budget estimates of N54.46 trillion […]

Abdulmumini Auwal SA December 19, 2025

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Nigeria

2026 Budget Delays Spark Fiscal Spending Concern, Uncertainty

Delays in finalizing Nigeria’s 2026 federal budget and the Medium Term Expenditure and Fiscal Strategy Paper (MTEF/FSP) have heightened market anxiety and cast uncertainty over fiscal spending. With less than two months to the new fiscal year, the Federal Executive Council has yet to approve the budget for National Assembly submission, while the Senate demands comprehensive reports before considering any new proposal. The hold-up, driven by the need to adjust economic frameworks for falling oil prices and missed production targets, has created a ripple effect: MDAs (Ministries, Departments, and Agencies) face worsening funding crises, critical programs remain suspended, and market participants brace for unpredictable government spending. States such as Bayelsa, Cross River, Ekiti, and Osun are moving independently with their own appropriation bills, reflecting deepening uncertainty and divergence in national and subnational fiscal timelines. Analysts warn that ongoing budget delays […]

Abdulmumini Auwal SA November 17, 2025

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new africa

ECOWAS Parliament Approves UA19.6m Budget for 2026, Focuses on AI and Governance

The ECOWAS Parliament has adopted a UA19,636,030 budget (approx. $26 million) for the 2026 financial year, with a strong focus on deploying Artificial Intelligence (AI) to improve legislation, strengthen governance, and enhance accountability across West Africa. Speaker of the Parliament, Hadjia Memounatou Ibrahima, announced the resolution on Saturday during the closing of the 2025 Second Extraordinary Session in Port Harcourt, Rivers State. She described the budget as “the engine of our commitment to the people of West Africa,” emphasizing that it will allow the Parliament to implement outcomes from its AI seminar while ensuring transparent management of public funds. The 2026 budget represents a 5% increase compared to 2025, rising by UA939,233 from last year’s UA18,996,897. Of the total, UA19,368,394 (98.64%) will come from the Community Levy, while UA257,636 (1.36%) will be sourced elsewhere. Despite the upward adjustment, concerns remain […]

Abdulmumini Auwal SA September 28, 2025

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