Nigeria to Adopt Single Budget Cycle from April 2026, President Tinubu Declares
President Bola Tinubu of Nigeria has declared the country's transition to a single annual budget cycle beginning in April 2026. This move, presented during the 2026 appropriation bill session at the National Assembly, aims to streamline budget processes, eliminate overlaps, and improve transparency across government ministries.
The decision is part of broader fiscal reforms to reset Nigeria's budget calendar and enhance public financial management. The reform includes repealing the 2024 appropriation act and revising total expenditure targets to improve revenue mobilization.
The shift to a cleaner single-cycle budget framework is expected to enhance accountability and efficiency in Nigeria's budgetary processes.
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