FG moves 2026 unfinished projects into 2027 budget

The Federal Government of Nigeria has announced plans to transfer outstanding projects and expenditure commitments from the 2026 budget into the 2027 fiscal year. This move aims to address the practice of implementing multiple national budgets simultaneously and resolve the accumulation of outstanding expenditure commitments across successive fiscal years.

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, acknowledged weaknesses in the country's budget preparation and implementation processes, including unrealistic revenue projections and repeated extensions of capital budgets beyond their original fiscal years. The government plans to introduce a more realistic budgeting framework from 2027, based on actual fiscal performance rather than assumptions carried forward from previous budgets.

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