Nigerian Senate Rejects Multiple Budgets, Orders FIRS to Raise Revenue Target to N35tn

The Nigerian Senate has rejected the practice of implementing multiple budgets within a fiscal year, urging the FIRS to raise its revenue target to N35tn from N31tn. Concerns were raised about fiscal discipline and eroding public confidence.

The committee criticized the government for rolling over unimplemented capital projects, leading to revenue shortfalls. Lawmakers expressed sharp reactions, demanding corrective measures for the 2026 fiscal year.

The Senate emphasized the need to bridge revenue gaps and avoid persistent non-implementation issues.