Nigeria: Tinubu to Present 2027 Budget Before Year End

What the report says

Nigeria’s federal government says President Bola Tinubu is expected to submit the 2027 Appropriation Bill to the National Assembly before the end of 2026. According to Daily Trust, the Minister of State for Budget and Economic Planning, Doris Uzoka-Anite, gave the update on Wednesday while briefing State House correspondents after a Federal Executive Council meeting in Abuja. She said the administration is already working on the budget proposal and plans to present it before December 31.

The minister also said the Federal Executive Council approved the National Development Plan 2026-2030. In addition, new legal measures aimed at reducing child stunting and improving food security were endorsed, suggesting the government is pairing its budget cycle with broader planning and social policy goals.

Separately, Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele addressed the administration’s $21.7 billion borrowing proposal, saying it is intended for asset creation and infrastructure rather than day-to-day spending. He said the plan is meant to support multi-year projects, including major transport links such as highways and rail, and that much of the financing would come from multilateral and bilateral lenders on relatively low interest terms.

The report also cited government social spending figures, including cash transfers to households, student loan disbursements and support for small businesses. Together, the developments point to Nigeria’s effort to manage borrowing, infrastructure delivery and social intervention spending ahead of the next budget cycle.