Nigerian 2026 Budget Introduces ₦3.5 Trillion in New Projects Despite Government Directive
The Nigerian 2026 budget includes ₦3.5 trillion in new projects, contrary to the Federal Government's directive to roll over 70% of the 2025 capital allocation. The new projects span various ministries, departments, and agencies, with a significant increase in total project value compared to the proposed capital expenditure.
Notable allocations include infrastructure and health projects, as well as economic transformation programs. The budget also features provisions for Nigeria Development Finance Corporation initiatives and infrastructure capitalization.
Over 400 new projects have been introduced, raising concerns about adherence to budget guidelines and value for money.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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