Budget

The World Bank’s latest Nigeria Development Update, Beyond the Federal Purse, reported that the Federal Government spent ₦7.7 trillion on interest payments in the first half of 2026, against revenue of ₦6.2 trillion.

President Bola Tinubu has signed the amended 2025 Appropriation Bill into law, extending the implementation period of the budget from September 30 to December 31, 2026.

Fubara assented to the budget on Thursday at the State Executive Council Chambers, Government House, Port Harcourt, describing the legislation as a significant departure that could usher in a new phase of development and cooperation between the executive and legislative arms of government.

Atiku accuses Tinubu of violating the 1999 Constitution by allocating ₦22.15 billion in the 2026 Appropriation Act for the construction and renovation of 106 traditional rulers' palaces Former vice president demands full disclosure, urging the Presidency, Budget Office,...

Atiku accuses Tinubu's administration of concealing ₦12.8 trillion under the Service-Wide Vote in the 2026 budget, describing it as an unprecedented assault on transparency and fiscal accountability. The former Vice President says the Service-Wide Vote increased from ₦638...

July 12, (THEWILL) — In February this year, the Senate Committee on Appropriations summoned the federal government’s economic team and delivered a blunt verdict: the revenue assumptions behind the proposed ₦58.47 trillion 2026 budget were unrealistic, oil projections...

May 29 (THEWILL) — The Federal Government recorded fresh borrowings of N11.89 trillion in the first nine months of 2025 but spent only N3.10 trillion on capital projects within the same period, highlighting a widening gap between debt accumulation...

February 15, (THEWILL) — President Bola Tinubu signed a record ₦54.99 trillion budget into law for the 2025 fiscal year, describing it as a tool for national renewal and economic transformation. Recently, ministers appearing before the National Assembly revealed a...

February 09, (THEWILL) — Nigeria’s 36 states are heading into 2026 with their most ambitious spending plans on record, budgeting a combined N37.01 trillion, a sharp increase from N25.03 trillion in 2025. On the surface, the numbers signal a...

January 06, (THEWILL) — Akwa Ibom State Governor, Pastor Umo Eno, has set April 1, 2026, as the definitive take-off date for full international operations at the Victor Attah International Airport. The Governor announced the deadline on Monday, January...