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Nigeria: 2026 Budget Ambitious but Unviable - Budgit The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion, the country will contend with a fiscal deficit of N31.5 trillion this year, equivalent to 6.4 per cent of the gross domestic product. Civic tech organisationBudgIThas raised concerns about the Nigerian Government's 2026 budget, calling it "ambitious, but unrealistic" and unviable. The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion, the country will contend with a fiscal deficit of N31.5 trillion this year, equivalent to 6.4 per cent of the gross domestic product. That is more than twice the 3 per cent limit permitted by the Fiscal Responsibility Act. Keep up with the latest headlines onWhatsApp|LinkedIn "In practical terms, the government can only finance 53.9 per cent of its budget from actual revenues, leaving 46.1 per cent dependent on borrowing and loans," it said. "One can reasonably infer a structural fiscal imbalance that has, despite several warnings from observers, become embedded in Nigeria's fiscal framework…

Nigeria: 2026 Budget Ambitious but Unviable - Budgit [Premium Times] The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion, the country will contend with a fiscal deficit of N31.5 trillion this year, equivalent to 6.4 per cent of the gross domestic product.

Nigeria's 2026 Budget Ambitious, But Unviable, Says BudgIT Share Tweet BudgIT, a prominent civic-tech organisation promoting transparency and accountability in Nigeria’s public finance, has raised significant concerns over the Federal Government’s 2026 Budget, describing it as ambitious but unrealistic, and-within the circumstances-not feasible. Initially, the proposed budget submitted by the President was N58.47 trillion. This was later revised to N68.32 trillion after the Senate adopted an adjustment as requested by President Bola Ahmed Tinubu, which expanded the budget by about N9.09 trillion. The 2026 budget is the largest fiscal plan in the history of Nigeria. The government says it will rely on a mix of revenue enhancements and borrowings to finance the expanded budget. Advertisement With total projected revenue of N36.87 trillion against planned expenditure of N68.32 trillion, the government faces a fiscal deficit of N31.45 trillion, equivalent to 6.41% of GDP, well above the Fiscal Responsibility Act threshold of 3%. In practical terms, the government can only finance 53.9% of its budget from actual revenues, leaving 46.1% dependent on borrowing and loans. One can reasonab…

BudgIT Marks 2026 Federal Budget As Ambitious But Unviable BudgIT, a prominent civic-tech organisation promoting transparency and accountability in Nigeria’s public finance, has raised significant concerns over the Federal Government’s 2026 Budget, describing it as ambitious but unrealistic, and-within the circumstances-not feasible. Initially, the proposed budget submitted by the President wasN58.47 trillion. This was later revised toN68.32 trillionafter the Senate adopted an adjustment as requested by President Bola Ahmed Tinubu, which expanded the budget by aboutN9.09 trillion. The 2026 budget is the largest fiscal plan in the history of Nigeria. The government says it will rely on a mix of revenue enhancements and borrowings to finance the expanded budget. With total projected revenue ofN36.87 trillionagainst planned expenditure ofN68.32 trillion, the government faces a fiscal deficit ofN31.45 trillion, equivalent to 6.41% of GDP, well above the Fiscal Responsibility Act threshold of 3%. In practical terms, the government can only finance53.9%of its budget from actual revenues, leaving46.1%dependent on borrowing and loans. One can reasonably infer a structural fiscal imbalan…

2026 Budget Is Ambitious, Unrealistic — BudgIT - Leadership News Civic technology organisation, BudgIT, has described the Federal Government’s 2026 budget as overly ambitious, unrealistic and largely unfeasible under prevailing economic conditions, warning that the fiscal plan could deepen Nigeria’s fiscal vulnerabilities if urgent reforms are not undertaken. In its analysis of the approved budget, BudgIT noted that while the government has projected total expenditure of N68.32 trillion for the fiscal year, expected revenue stands at only N36.87 trillion, leaving a fiscal deficit of N31.45 trillion. The organisation said the deficit, equivalent to 6.41 per cent of the nation’s Gross Domestic Product (GDP), exceeds the three per cent threshold stipulated under the Fiscal Responsibility Act, raising concerns about the sustainability of the country’s public finances. According to BudgIT, the government can only finance about 53.9 per cent of the budget from projected revenues, while the remaining 46.1 per cent would depend on borrowings and loans. The group stated that the development points to a structural fiscal imbalance that has become entrenched in Nigeria’s budgeting framew…

FG's 2026 N68.32 Trillion Budget Ambitious But… - BudgIT Business Latest Nigeria News Top News FG’s 2026 N68.32 Trillion Budget Ambitious But… – BudgIT Civic technology organisation, BudgIT, has described the Federal Government’s 2026 budget as ambitious but warned that the country’s growing reliance on borrowing and persistent revenue challenges could further weaken its fiscal position. In a statement by its Country Director, Vahyala Kwaga, on Monday, the organisation said the N68.32 trillion budget…... By Ayooluwa Ayobami June 15, 2026 1:41 PM GMT+1 Civic technology organisation, BudgIT, has described the Federal Government’s 2026 budget as ambitious but warned that the country’s growing reliance on borrowing and persistent revenue challenges could further weaken its fiscal position. In a statement by its Country Director, Vahyala Kwaga, on Monday, the organisation said the N68.32 trillion budget approved for 2026 represents the largest fiscal plan in Nigeria’s history but lacks the revenue capacity required for effective implementation. BudgIT noted that the budget was initially presented at N58.47 trillion before it was increased by N9.09 trillion following a request by Presid…

BudgIT Raises Questions About Outcome Of Nigeria's 2026 Budget Share Facebook Twitter LinkedIn Pinterest Email Roland Iwuchukwu BudgIT, a prominent civic-tech organisation promoting transparency and accountability in Nigeria’s public finance, has raised significant concerns over the Federal Government’s 2026 Budget, describing it as ambitious but unrealistic, and-within the circumstances-not feasible. Initially, the proposed budget submitted by the President was N58.47 trillion. This was later revised to N68.32 trillion after the Senate adopted an adjustment as requested by President Bola Ahmed Tinubu, which expanded the budget by about N9.09 trillion. The 2026 budget is the largest fiscal plan in the history of Nigeria. The government says it will rely on a mix of revenue enhancements and borrowings to finance the expanded budget. With total projected revenue of N36.87 trillion against planned expenditure of N68.32 trillion, the government faces a fiscal deficit of N31.45 trillion, equivalent to 6.41% of GDP, well above the Fiscal Responsibility Act threshold of 3%. In practical terms, the government can only finance 53.9% of its budget from actual revenues, leaving 46.1% depende…