Category: Fiscal policy

Abuja, February 4, 2026 – President Bola Ahmed Tinubu has firmly reiterated his administration’s unwavering commitment to sustaining Nigeria’s ongoing economic reforms, declaring that there will be “no looking back” despite the initial challenges faced by citizens. The President made this declaration during a high-level meeting at the State House in Abuja on Tuesday, where…

Damaturu, Yobe State – In a significant move to boost education, economic self-reliance, and gender empowerment, Yobe State Governor, Hon. (Dr.) Mai Mala Buni, CON, has officially launched the disbursement of over N1.2 billion in financial incentives and empowerment packages targeting women, girls, and vulnerable groups. The flagship component of the initiative provides cash transfers…

Lagos, January 30, 2026 – Nigeria’s fiscal landscape faces mounting pressure as the Federal Government’s aggressive domestic borrowing—reaching approximately N9 trillion in recent surges—continues to strain the private sector, while the Senate launches a probe into the deteriorating railway system and some states advance direct funding for local governments in line with autonomy demands. Recent…

Lagos, January 30, 2026 – The House of Representatives has approved the proposed N58.47 trillion 2026 Appropriation Bill for second reading during plenary on Thursday, January 29, 2026. The bill, presented by President Bola Tinubu to a joint session of the National Assembly on December 19, 2025, advanced without debate or contributions from lawmakers, as…

Lagos, January 23, 2026 – The Federal Government of Nigeria has signaled a significant shift in economic policy direction for 2026, moving beyond the phase of macroeconomic stabilisation to delivering measurable improvements in the daily lives of citizens, particularly in food availability, reliable electricity supply, and job creation.Minister of Finance and Coordinating Minister of the…

Abuja, Nigeria – January 21, 2026 – The Federal Government of Nigeria has significantly ramped up its domestic borrowing plans for January 2026, with the Debt Management Office (DMO) announcing an auction to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds. This figure doubles the ₦450 billion targeted in…

The Manufacturers Association of Nigeria (MAN) has thrown its weight behind the recent tax reforms, emphasizing their potential to ease the burden on the manufacturing sector and boost competitiveness.This stance was reaffirmed during a hybrid stakeholders’ engagement hosted by MAN with the Presidential Committee on Fiscal Policy and Tax Reforms. The session, themed “From Legislative…

Lagos, January 20, 2026 – The International Monetary Fund (IMF) has upgraded its projection for Nigeria’s economic growth in 2026 to 4.4%, marking a 0.2 percentage point increase from its previous estimate of 4.2% in the October 2025 World Economic Outlook.This positive revision, detailed in the IMF’s January 2026 World Economic Outlook Update titled Global…

Lagos, Nigeria – Economic analysts have raised serious questions about the Federal Government’s assertion that it achieved 85% performance in capital expenditure for the 2024 fiscal year, pointing to issues of transparency, delays in contractor payments, and the absence of independent verification of project execution.The claim was made by the Minister of Finance and Coordinating…

Abuja, Nigeria — The Budget Office of the Federation has firmly rejected widespread claims suggesting that the North East Development Commission (NEDC) operates with a ₦246 billion allocation dedicated solely to salaries, describing the assertion as misleading, inaccurate, and based on a misunderstanding of Nigeria’s federal budgeting process.In a press statement issued on January 15,…