Nigeria's Medium-Term Revenue Projection More Realistic, but Debt Service Remains Worrisome

Nigeria's Medium-Term Revenue Projection More Realistic, but Debt Service Remains Worrisome

Setting aside as much as N15.9 trillion to repay debt, CPPE warned, may also leave little for socio-economic priorities like security, social programmes and investment in infrastructure.

Nigeria approves fiscal plan proposing $37.7 billion 2026 budget

By Camillus Eboh ABUJA, Dec 3 (Reuters) – Nigeria’s cabinet has signed off on a medium-term fiscal plan that projects spending of around 54.5 trillion naira ($37.71 billion) in 2026, its minister of budget and planning said on Wednesday. The plan forecasts total federal revenue at 34.33 trillion naira, leaving a 20.1 trillion naira deficit, or 3.61% of GDP, with debt service costs estimated at 15.9 trillion naira, Atiku Bagudu told reporters aft…

Rising Debt, Oil Sector Weakness Threaten Nigeria’s 2026 Growth, CCPE Warns

Nigeria’s economy achieved notable macroeconomic stability in 2025, but rising debt-service obligations, oil sector volatility and structural constraints pose significant risks to the 2026 outlook, the Centre for the Promotion of Private Enterprise (CPPE) has said. In its review of the Nigerian economy and outlook for 2026, the CPPE said 2025 marked a turning point following the turbulence that accompanied the early phase of economic reforms, wi…

Nigeria’s Revenue Mirage: Inside a Budget Built on Hope, Borrowing, and a Growing Credibility Crisis

When Nigeria’s finance minister appeared before lawmakers this week, the numbers he presented cut sharply through months of official optimism about an economy supposedly turning the corner. Wale Edun told members of the House of Representatives Committees on Finance and National Planning that the federal government is on course to close 2025 with total revenue […] The post Nigeria’s Revenue Mirage: Inside a Budget Built on Hope, Borrowing, and a…

FG pushes for N17.89tn new loans to finance 2026 budget

The Federal Government plans to borrow N17.89tn in 2026 to fund a widening budget deficit as revenue projections fall sharply below expenditure needs, according to the 2026 budget framework obtained from the Budget Office of the Federation. Official figures in the 2026 Abridged Budget Call Circular issued by the Federal Ministry of Budget and Economic […]

Nigeria Approves Fiscal Plan Proposing N54.5trn 2026 Budget

By Adedapo Adesanya The Federal Executive Council (FEC) has signed off on a medium-term fiscal plan that projects spending of around N54.5 trillion in 2026, as it approved the 2026-2028 medium-term expenditure framework (MTEF), outlining Nigeria’s economic outlook, revenue targets, and spending priorities for the next three years. The Minister of Budget and National Planning, […]