The Lagos State Ministry of Establishments and Training has announced the commencement of the 2027 Personnel Budget Bilateral Discussions, scheduled to begin on Monday, July 6, 2026, as part of efforts to strengthen fiscal discipline and improve transparency in public expenditure. According to the Ministry, the exercise is aimed at producing a more accurate, data-driven…
The Federal Government has dismissed claims that it spent over ₦8 trillion outside the approved budget, describing reports suggesting the existence of a “shadow budget” as inaccurate and misleading. In a statement responding to recent public commentary referencing the International Monetary Fund (IMF) 2026 Article IV Consultation Report, the government insisted that all public expenditure is carried out…
President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, setting total government spending at ₦68.32 trillion. He also approved an extension of the 2025 budget’s implementation period, moving the deadline from March 31, 2026, to June 30, 2026. The 2026 budget includes ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt…
The Independent National Electoral Commission (INEC) has proposed a total budget of N873,778,401,602.08 for the conduct of the 2027 general elections. INEC Chairman, Prof. Joash Amupitan, disclosed this on Thursday while presenting the Commission’s 2026 budget proposal and the detailed cost breakdown for the 2027 elections before the National Assembly Joint Committee on Electoral Matters….
Abuja, Nigeria – January 6, 2026: The Budget Office of the Federation (BOF) has clarified that the recent repeal and re-enactment of the 2024 and 2025 Appropriation Acts are fully in line with Nigeria’s Constitution, fiscal laws, and legislative practice. Addressing public concerns regarding alleged constitutional breaches, fiscal illegality, and restricted access to budget documents,…
Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has stressed that the proposed ₦4.237 trillion 2026 budget must align with the people’s aspirations and address the most pressing social and economic needs. Obasa made the remarks on Tuesday during Governor Babajide Sanwo-Olu’s formal presentation of the 2026 Appropriation Bill, tagged the “Budget of…
The Jigawa State Government has approved a supplementary budget of ₦75 billion for the 2025 fiscal year, which will soon be submitted to the State House of Assembly for consideration. This was disclosed by the Commissioner for Information, Youth, Sports, and Culture, Mr. Sagir Musa, on Wednesday in Dutse, following a meeting of the State…
UN Secretary-General António Guterres has proposed a 15% reduction in the organization’s regular budget for 2026, citing persistent liquidity challenges that have worsened due to policies under U.S. President Donald Trump. According to a senior UN official, the revised budget figure stands at $3.238 billion, down from the previously planned $3.7 billion, and would lead…
The House of Representatives on Thursday passed the ₦54.99trn 2025 Appropriation Bill. A budget breakdown showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for recurrent expenditures, and N23.963trn for capital expenditures (development fund). Last Week, President Bola Tinubu increased the 2025 fiscal year budget from an initial N49.7trn to N54.2trn, seeking approval from…
The President of the Senate, Godswill Akpabio, on Tuesday, said the lawmakers will receive the report on the ₦54.2 trillion 2025 budget estimates this week for possible passage. During plenary, Akpabio assured that the Senate Committee on Appropriations would present the report on the ₦54.2tn 2025 budget by Wednesday or Thursday. He made this statement…
