Experts Warn 2026 Budget May Extend into 2027

Economic and financial experts have expressed concerns that part of the ₦68.32 trillion budget signed into law in April 2026 may need to be rolled over into 2027. This situation arises as the Federal Government continues to struggle with the implementation of previous budgets, including the 2024 and 2025 budgets.

Analysts noted that comprehensive audited performance figures for the mid-year remain largely unpublished by the Budget Office of the Federation. Economic expert Eric Igulla emphasized that without increased fund releases, the 2026 budget's execution could be compromised.

He highlighted that the non-release of funds for capital projects has led to financial difficulties for the government. Eze Onyekpere pointed out that recurrent expenditures, including salaries and debt servicing, do not significantly impact the populace, while capital budgets are essential for development.

Reports indicate that only 30% of the 2025 capital budget was executed due to revenue shortfalls, with many projects deferred to the 2026 budget. Senator Mohammed Tahir Monguno raised concerns about the lagging capital projects despite exceeding revenue targets.