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Nigeria’s Independent National Electoral Commission (INEC) is set to receive a large sum of N1,013,778,401,602 in the 2026 budget presented to the National Assembly by President Bola Ahmed Tinubu. The allocation, one of the largest in INEC’s history, comes as Nigeria gears up for the 2027 general elections. Details of the 2026 Appropriation Bill, released […]
Continue ReadingPresident Bola Tinubu has earmarked the sum of N5.41tn for Security, the single largest allocation in the proposed 2026 budget. This will be the third consecutive year that defence and security spending has taken priority since the administration began presenting national budgets in November 2023. Presenting the budget on Friday in Abuja, Tinubu said the […]
Continue ReadingUsing the hashtag, #TheBudgetisaMess, BudgIT Nigeria made a crisp post Tuesday on X (formerly Twitter): “Just look at this, Nigerians! A Federal Polytechnic (NICTM) in Edo (State) has an allocation of N900 million to construct a road in Cross River (State). This same Polytechnic is renovating traditional palaces for N300 million and supplying motorcycles to Katsina and Bayelsa […]
Continue ReadingGiven how a serious national economic planning instrument has been cynically subverted over the years, there cannot be a more apt summation of the futility of budgets in Nigeria than a 2019 Twitter thread by ‘Laolu Samuel-Biyi. I have twice referenced his conclusion on this page: “If you want to keep hope alive in Nigeria, don’t look at […]
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