Nigerian Senate Vows to End Budget Rollovers and Promote Fiscal Discipline

The Nigerian Senate, through Chairman Solomon Olamilekan Adeola, declares a halt to budget rollovers during a public hearing on the 2026 appropriation bill. Adeola stresses the need for disciplined budget cycles and strict adherence to timelines to enhance policy coordination.

Despite public opposition, the Senate aims to curb borrowing to finance budget deficits. Experts like Dr.

Olatilewa Adebanjo warn against unsustainable budget deficits and advocate for improved revenue mobilization and fiscal responsibility enforcement. Hon.

Bashir Abubakar highlights the importance of legislative oversight to combat wasteful spending and address budget deficits. The Senate proposes aggressive deployment of public-private partnerships, particularly in infrastructure development, to relieve pressure on public finances.

The removal of electricity subsidies and reforms in the power sector are also discussed to unlock resources and reduce unsustainable demands on the budget.