The Senate has rejected the 2026 budget proposal of the Corporate Affairs Commission (CAC), describing the presentation as “scanty” and “clumsy.” Lawmakers expressed dissatisfaction with the level of detail provided in the proposal, noting that the submission failed to adequately justify projected expenditures and revenue targets. They directed the commission to rework and resubmit a…
The Senate has urged the management of the North-Central Development Commission (NCDC) to prioritise investments in agriculture and security in the implementation of its 2026 budget. Chairman of the Senate Committee overseeing the Commission, Titus Zam, made the call on Monday when the Commission’s management appeared before the committee to defend its 2026 budget estimates….
President Bola Tinubu has instructed all ministries, departments, and agencies (MDAs) to fully disclose electricity subsidy costs in the 2026 budget, specifying how costs are shared among federal, state, and local governments. Tanimu Yakubu, Director-General of the Budget Office, said subsidies must be transparent, tracked, and properly funded to prevent hidden debts or liquidity crises…
Lagos State Governor, Babajide Sanwo-Olu, on Tuesday presented the 2026 Budget Estimates to the Lagos State House of Assembly, describing it as a landmark financial plan and the final full-year budget of his administration. Tagged the “Budget of Shared Prosperity,” the ₦4.237 trillion proposal is anchored on the State’s THEMES+ agenda and seeks to deepen…
