Nigeria’s annual budget approvals have increasingly become mere paper exercises, failing to deliver tangible economic development due to deeply entrenched opacity and untraceable fund releases, civic tech organisation, BudgIT has revealed.
The organisation, in its latest report: ‘2026 federal government approved budget analysis’, stated that the 2026 budget, with an expenditure of N68.32 trillion and revenue of N36.87 trillion, indicates how ambitious the government is.
It flagged the budget which it described as ‘ambitious’ and ‘unrealistic’, stating that it has been the long-standing, recurring norm in Nigeria over the years.
BudgIT also decried that over the years, revenue performance has remained weak in the nation’s budgeting system coupled with a fragile public trust in governance.
“Hence, effective budget execution requires not only the publication of allocations but also the timely disclosure of execution reports. In Nigeria, approved budgets do not necessarily translate into performance, as
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