…Extends 2025 Spending Deadline to June President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill valued at ₦68.32 trillion, setting the stage for what the Federal Government describes as a renewed push for economic stability, infrastructure development, and job creation. In a move that may also ease pressure on ongoing projects nationwide, the President simultaneously approved an extension of the 2025 budget implementation from 31 March to 30 June 2026. The newly...
The Nigerian Economic Summit Group (NESG), has urged the Federal Government not to reverse some of the economic reforms introduced by the present administration, as the move will result in severe economic consequences and pains for the country. Head of Research, NESG, Dr. Joseph Ogebe, who gave the warning at an interactive session with journalists in Abuja on Monday, suggested to the Federal Government to consolidate on the recent macro-economic gains and ensure they translate...
The All Progressives Congress (APC) has said that the evolving crisis in the Middle East is negatively affecting Nigeria’s economic stability and recovery. The party, in a statement on Wednesday, signed by the Lagos State Spokesman, Mogaji (Hon.) Seye Oladejo noted that the conflict, though external, may constitute a setback to some of the recent macroeconomic gains. The statement reads, “We’ve been closely observing the unfolding developments in the Middle East and the broader implications...
Nigeria’s economy is on track to record its fastest growth in more than a decade, the World Bank has said, revising its forecast for the country’s economic growth to 4.4 per cent for both 2026 and 2027. The announcement was made in the World Bank’s latest Global Economic Prospects report, released on Tuesday. The revised growth projection marks a significant improvement over the June 2026 forecasts of 3.7 percent and 3.8 percent, respectively. According to...
…Tinubu Announces Investopia Lagos Co-Hosting Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA), aimed at deepening trade, investment, and economic cooperation between the two countries, as government officials described it as a major milestone in Nigeria’s economic diplomacy. The agreement was signed on the sidelines of the 2026 Abu Dhabi Sustainability Week (ADSW) in Abu Dhabi, with President Bola Tinubu and the President of the UAE, Mohamed bin...
President Bola Ahmed Tinubu has confirmed that Nigeria’s new tax laws will take effect on 1 January 2026, as previously scheduled, dismissing calls for a pause or reversal amid growing public debate over certain provisions of the gazetted law. In a State House press statement issued on Tuesday, 30 December 2025, the President stated that both the tax laws that took effect on 26 June 2025 and those slated for implementation in 2026 would proceed...
President Bola Ahmed Tinubu on Friday presented a ₦58.18 trillion 2026 Appropriation Bill to a joint session of the National Assembly, declaring that Nigeria had moved “from survival to growth” and was entering a phase of consolidation after two and a half years of painful economic reforms. The budget, themed “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” projects a deficit of ₦23.85 trillion, representing 4.28 per cent of GDP, with ₦15.52 trillion earmarked for...
The Peoples Democratic Party (PDP) has described President Bola Tinubu’s 2026 budget as a “Consolidated Budget of Suffering” for Nigerians, pointing out that citizens have suffered greatly from numerous economic woes under his administration. A press statement on Friday signed by Comrade Ini Ememobong, National Publicity Secretary of the party reads, “President Bola Ahmed Tinubu undertook the yearly ritual of presenting the 2026 budget to the National Assembly. The budget, themed “Budget of Consolidation, Renewed Resilience...
… Says New Tax Laws Will Broaden Base, Boost Non-Oil Revenues – Abbas President Bola Ahmed Tinubu on Friday presented before a joint sitting of the National Assembly the 2026 Appropriation Bill, which he described as a “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The proposal estimates total revenue at ₦34.33 trillion, while total expenditure is put at ₦58.18 trillion, including ₦15.52 trillion earmarked for debt servicing. Capital spending is projected at ₦26.08 trillion,...
The Independent Media and Policy Initiative (IMPI) attributes its successful forecast of a 14 percent inflation rate by the end of the year to a painstaking analysis of President Bola Tinubu’s economic policies over the last year. IMPI chairman, Dr Omoniyi Akinsiju, in a press statement on Thursday argued that while the President projected an ambitious 15% inflation rate in his 2025 budget speech, its analysts were convinced in September that the country would...
