Echotitbits – Nigeria News

Tag: Appropriation bill

FG projects ₦33.39tn revenue and ₦15.91tn debt service for 2026 fiscal year

In a report by The Nation, the Federal Government’s 2026 Appropriation Bill projects about ₦33.39 trillion in revenue and sets aside roughly ₦15.91 trillion for debt servicing, highlighting the scale of fiscal pressure.

The story breaks down projected revenue sources and explains that domestic debt service—often including Central Bank financing—remains a major budget burden.

Economists warn that a heavy debt-service line can shrink space for infrastructure and social spending, unless revenue performance improves and borrowing costs fall.

The debate in the National Assembly is expected to focus on realism of revenue assumptions and strategies to reduce recurrent costs and improve tax efficiency without harming growth.

Echotitbits take: Nigeria’s fiscal stress is now structural: debt service competes with everything. Watch for credible revenue reforms and whether debt management reduces cost, not just raises more borrowing.

Source: The Nation https://thenationonlineng.net/fg-targets-%E2%82%A633-39trn-revenue-sets-aside-%E2%82%A615-91trn-for-debt-service-in-2026/ 11 January 2026

The Nation 2026-01-11

Photo Credit: The Nation

January 11, 2026
Senate advances ₦58.47tr 2026 budget, tees up debate for the new year

Photo Credit: The Nation
2025-12-24 07:00:00

According to The Nation, the Senate has advanced the proposed 2026 federal budget after it scaled second reading, keeping the appropriation process on track ahead of more detailed committee work.

The move signals early legislative buy-in for the headline spending plan, even as lawmakers prepare to drill into the assumptions—revenue projections, borrowing needs, and the spending mix that will shape implementation.

With the second reading done, the next stage shifts to deeper scrutiny, where sector-by-sector allocations and policy trade-offs become the real battleground.

TheCable also reported the development, noting that the Senate “passed the N58.472 trillion 2026 appropriation bill for second reading.” ARISE News similarly described the session as lawmakers “passed the N58.47 trillion 2026 appropriation bill for second reading.”

Echotitbits take: The key watchpoint is not the second reading itself, but the credibility of the financing plan. Nigerians should track what gets trimmed, what gets protected, and whether lawmakers demand stronger performance metrics for MDAs—especially on power, security, and inflation-sensitive social spending.

Source: The Nation — December 23, 2025 (https://thenationonlineng.net/n58-47tr-2026-budget-scales-second-reading-in-senate/)
The Nation 2025-12-23

December 24, 2025
Fiscal-year extension aims to end Nigeria’s ‘overlapping budget’ problem

Photo Credit: The Punch
2025-12-24 06:00:00

According to Punch, Nigeria’s National Assembly has moved to extend the implementation window for the 2025 budget into early 2026 as lawmakers debate how to avoid a repeat of “multiple budgets running at the same time” and the planning distortions that follow.

The shift effectively keeps the 2025 appropriation alive beyond the traditional December-end cycle, giving MDAs a wider runway to complete ongoing procurement, releases, and capital execution that typically slip late in the year.

The extension is also being framed as a legislative response to recurring delays in budget passage and cash-backing—an attempt to align “budget life” with actual spending realities rather than calendar formality.

In practical terms, the change sets a new reference point for ministries and contractors: the 2025 budget is not “dead” on December 31, which could reduce abandoned projects and rushed year-end spending.

Reuters reported the plan was intended to “bring an end to the practice of running multiple budgets concurrently,” while TVC News described it as extending the 2025 budget’s life “to March 31, 2026.”

Echotitbits take: This is an admission that Nigeria’s budget cycle still struggles with realism—late passage, slow releases, and weak project discipline. Watch for whether cash releases and procurement timelines are also adjusted; otherwise, lawmakers may simply be postponing the same execution bottlenecks into Q1 2026.

Source: The Punch — December 24, 2025 (https://punchng.com/budget-crisis-nass-extends-2025-fiscal-year-to-march/)
The Punch 2025-12-24

December 24, 2025
Budget pressure: FG projects ₦60.97tn oil revenue for 2026 on tighter assumptions

Photo credit: The Punch

2025-12-22 09:00:00

An analysis published by *The Punch* says the Federal Government is projecting about ₦60.97 trillion in oil revenue for 2026—lower than the prior year’s expected oil take—reflecting more cautious assumptions on price and output.

The projection is tied to the 2026 Appropriation framework and the administration’s budget posture, where debt service, capital expenditure, and security spending are competing heavily for limited revenues.

Analysts note that oil revenue forecasts are especially sensitive to production disruptions, theft, and global price swings—meaning fiscal planning can change quickly if any variable moves.

The broader implication is clear: if oil underperforms, the pressure shifts to non-oil revenues, borrowing, and reforms—each with political and economic trade-offs.

Reuters reported the budget assumes “a crude oil price of $64.85 per barrel” with output around “1.84 million barrels per day,” while *The Guardian (Nigeria)* similarly stated the plan is built on a “$64.85 per barrel oil benchmark” and “1.84 million barrels per day” production assumption.

**Echotitbits take:** Conservative oil assumptions are good discipline—but only if the government actually delivers non-oil revenue growth. Watch for tax admin upgrades, customs efficiency, and whether production targets improve without new leakage.

Source: The Punch — December 22, 2025 (https://punchng.com/fg-projects-lower-n60-97tn-oil-revenue-for-2026/)

December 22, 2025