{
  "id": 11443387,
  "title": "FLASHBACK: In December, Tinubu vowed to terminate rollover of budgets",
  "url": "https://urgent.news/2026/10/02/flashback-in-december-tinubu-vowed-to-terminate-rollover-of-budgets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T12:12:33.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/flashback-in-december-tinubu-vowed-to-terminate-rollover-of-budgets/"
  },
  "original_language": "en",
  "account": "In December 2025, President Bola Ahmed Tinubu announced a plan to end Nigeria's long-standing practice of running multiple budgets from the same revenue inflow. He pledged that by March 31, 2026, all capital liabilities from previous years would be fully funded and closed, and that Nigeria would operate on a single budget with a single revenue cycle from April 2026. However, nine months later, the implementation timeline has been extended beyond the original deadlines. On September 30, 2026, the President approved an amendment to the 2025 budget, extending its implementation period until December 31, 2026. This extension allows ministries, departments, and agencies more time to complete ongoing capital projects and utilize funds already appropriated. Despite this, the latest extension is not the first adjustment to the 2025 budget timeline, as previous implementation periods have been extended due to various reasons such as completing critical infrastructure and ongoing projects. The Tinubu administration's decision to terminate overlapping budgets was part of a broader fiscal reset aimed at improving governance and economic planning. However, Nigeria's struggle with budget-cycle discipline has persisted across successive administrations since 1999, with delays, disputes, and challenges in revenue projections hindering progress.",
  "summary": "When President Bola Ahmed Tinubu declared in December 2025 that Nigeria would no longer run multiple budgets on the same revenue inflow, he appeared to be drawing a line under one of the country’s longest-running fiscal problems. “We are terminating the habit of running three budgets in one inflow,” Tinubu said while presenting the 2026 […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}