President Bola Tinubu’s administration is aiming to achieve greater fiscal discipline and sustainability in Nigeria’s national budget, with key reforms targeted for completion by 2026.

• Single Annual Budget Cycle: President Tinubu has announced a transition to a single annual budget cycle starting from April 2026, aiming to end the practice of running multiple, overlapping budgets.

• Fiscal Consolidation (2026 Budget): The 2026 Appropriation Bill, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was presented with a total expenditure of ₦58.18 trillion and an expected revenue of ₦34.33 trillion.
  Deficit and Debt Management: While aiming for stability, the 2025 and 2026 budgets have included significant deficits (e.g., a projected ₦23.85 trillion deficit in the 2026 proposal), prompting concerns about high debt servicing costs.
  Revenue Generation Focus: The administration is working to improve revenue through tax administration reforms, aiming to reduce reliance on borrowing.
  Addressing Implementation Challenges: Reports indicate that while the administration promises stricter budget discipline, previous budgets (2024 and 2025) faced challenges with low capital budget release rates.

  The administration’s stated goal is to move from “survival to growth” by improving efficiency and reducing waste, though critics have raised questions about the ambitious nature of the revenue projections and the high level of debt servicing.