Echotitbits – Nigeria News

Tag: MDAs

  • Enugu sets N870bn IGR target for 2026 as agencies are told to ramp up collections

    Enugu sets N870bn IGR target for 2026 as agencies are told to ramp up collections

    In a report by ThisDay, Enugu Governor Peter Mbah set an N870 billion internally generated revenue target for 2026, urging MDAs to intensify revenue mobilisation amid global uncertainty.

    The target is positioned as a core funding pillar for the state’s programme, implying stronger compliance drives, more automation, and broader clarity on what qualifies as collectible revenue.

    The funding mix also points to the continuing role of FAAC allocations and capital receipts, but with IGR expected to carry a heavier share of budget ambition.

    If pursued aggressively, the tension will be balancing expansion of the tax net with maintaining a business-friendly environment that doesn’t choke SMEs and investment.

    The Guardian noted the governor’s funding mix includes “N870 billion IGR” alongside other streams, while The Sun also reported the same direction around the N870bn target tied to the 2026 budget framework.

    Echotitbits take: Enugu’s ambition is plausible only with digitised collections, fewer leakages, and clearer taxpayer services. Watch reforms in land administration, transport levies, and business licensing—the fastest IGR accelerators and the most abused if not controlled.

    Source: The Punch – https://punchng.com/mbah-urges-agencies-to-boost-revenue-meet-budget-target/ January 7, 2026
    The Punch  January 7, 2026

    Photo Credit: The Punch

  • Budget Crunch: NASS Pushes 2025 Fiscal Year to March 2026

    Budget Crunch: NASS Pushes 2025 Fiscal Year to March 2026

    Photo Credit: The Punch
    2025-12-25 09:05:00

    Reporting by The Punch indicates Nigeria’s National Assembly has extended the 2025 fiscal year timeline to allow more time for budget implementation, amid delays in budget passage and execution. The move is framed as a pragmatic reset to reduce the usual year-end rush that leaves capital spending under-delivered.

    The extension is tied to the broader issue of late appropriation cycles, where projects start too late in the year and MDAs struggle to complete procurement and releases before the fiscal window closes. Supporters say it improves planning realism; critics worry it normalizes delays.

    In practical terms, the extension gives ministries and agencies more runway to draw down releases and push ongoing capital projects, especially where procurement timelines already spilled beyond the calendar year.

    In related coverage, Vanguard quoted Senate President Godswill Akpabio describing the measure as a “major transformative step,” while Premium Times reported that the extension is aimed at “ensuring the full release and utilisation of budgeted funds for capital projects.”

    Echotitbits take: The real test is whether the extra months translate into measurable capital delivery—not just paperwork. Watch Q1 2026 releases and project milestones, plus whether the executive also reforms procurement bottlenecks that routinely delay project starts.

    Source: The Punch — December 25, 2025 (https://punchng.com/budget-crisis-nass-extends-2025-fiscal-year-to-march/)

    The Punch 2025-12-25

  • ICPC scorecard: no federal MDA achieves full ethics compliance in 2025

    ICPC scorecard: no federal MDA achieves full ethics compliance in 2025

    Photo Credit: The Punch
    2025-12-24 08:17:00

    As reported by PUNCH, the ICPC says no federal Ministry, Department or Agency achieved full compliance in its 2025 Ethics and Integrity Compliance Scorecard, pointing to widespread weaknesses in internal ethics systems.

    The assessment covered 344 MDAs, with only a minority rated substantially compliant while many fell into partial, poor, or non-compliance categories.

    The scorecard is intended to strengthen preventive anti-corruption reforms—meaning implementation after publication is as important as the ranking itself.

    Premium Times reported the findings, stating: “No MDA achieved full compliance in the 2025 assessment.” Daily Post likewise noted: “The Commission said no MDA achieved full ethical compliance…”

    Echotitbits take: Publishing rankings is step one; consequences and remediation are step two. Watch for whether compliance becomes tied to leadership performance reviews, procurement controls, and budget releases for repeat defaulters.

    Source: The Punch — December 23, 2025 (https://punchng.com/no-federal-mda-achieved-full-ethics-compliance-in-2025-icpc/)
    The Punch 2025-12-23

  • Fiscal-year extension aims to end Nigeria’s ‘overlapping budget’ problem

    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

  • Senate Advances Overhaul of Nigeria’s Audit Framework With Updated Federal Audit Bill

    Senate Advances Overhaul of Nigeria’s Audit Framework With Updated Federal Audit Bill

    2025-12-18 00:00:00

    The Nation reports that the Senate has concluded work on amendments aimed at replacing the decades-old audit framework, with lawmakers advancing a Federal Audit Service Bill meant to strengthen oversight and public sector accountability.

    The report says the legislation updates Nigeria’s audit architecture and could impact how ministries, departments, and agencies are scrutinised, especially around procurement and project execution.

    Supporters argue the reform is overdue, while critics insist effective enforcement will matter more than new legal text.

    Punch reported that the Senate concluded consideration of the bill, describing it as a move to modernise federal audit structures. (Punch)

    The Guardian similarly covered the development and framed it as a step toward stronger accountability in government spending oversight. (Guardian Nigeria)

    Analysis/Echotitbits take: Modern audit rules can tighten leakages only if institutions are independent and audit findings lead to consequences. Watch the final bill text, implementation timelines, and whether audit reports become more timely and publicly accessible.

    Source: The Nation — December 18, 2025 (https://pmnewsnigeria.com/2025/12/17/senate-concludes-amendment-to-69-year-old-audit-act/)

    Photo credit: PM News Nigeria

    December 18, 2025

  • FG Bans Cash Collections at MDAs, Orders POS Rollout

    The Federal Government has directed ministries, departments and agencies to stop accepting physical cash for revenue payments and migrate to approved electronic channels, including POS solutions. The policy is aimed at improving revenue transparency and reducing leakages.

    The directive is expected to reshape how citizens pay for federal services and strengthen the Treasury Single Account-driven collections framework.

    2025-12-08

    Punch

    2025-12-08