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Nigeria's 2026 Budget Allocates Billions for Non-Existent Palaces

The 2026 federal budget of Nigeria includes an allocation of ₦5.85 billion for the construction of palaces in non-existent kingdoms, reflecting a significant disconnect between the government and its citizens amid rising inflation and unemployment. A total of ₦22.15 billion is designated for 106 projects related to traditional rulers’ palaces across 45 Ministries, Departments, and Agencies (MDAs), many of which lack statutory responsibilities for such infrastructure.

Investigations reveal that 11 palace projects worth ₦5.85 billion do not have clearly identified locations, hindering monitoring by citizens and oversight institutions. Analysts criticize the assignment of palace projects to unrelated agencies, which complicates accountability and oversight.

The budget allocation raises concerns about public finance leakages, procurement fraud, and the opaque bureaucracy that allows for the diversion of funds. This situation is particularly troubling as genuine government institutions, such as the Federal Ministry of Health, struggle for adequate funding.

Plus234Feed summary based on reporting from Premium Times. Read the original report below.

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