The African Democratic Congress, ADC, says the 2026 budget proposal by President Bola Tinubu is a dangerous debt trap that threatens to mortgage Nigeria’s future and deepen the country’s fiscal crisis. A statement by the National Publicity Secretary of the party, Bolaji Abdullahi, the budget proposal exposes growing fiscal recklessness, administrative chaos and what it…
President Bola Tinubu on Friday presented a ₦58.18 trillion 2026 Appropriation Bill to a joint session of the National Assembly, outlining tougher security measures, stricter fiscal discipline, and deeper economic reforms. Presenting the proposal, tagged “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” the President said the budget is aimed at consolidating recent macroeconomic gains,…
The Senate has passed the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), paving the way for President Bola Tinubu to present the 2026 Appropriation Bill, estimated at ₦54.4 trillion, later this week. The passage followed the consideration and debate of a report presented by the Chairman of the Senate Committee on Finance,…
