Tinubu to present Nigeria’s 2027 budget before year-end, minister says

President Bola Tinubu intends to present Nigeria’s 2027 budget proposal to the National Assembly before the end of December, Minister of State for Budget and Economic Planning Doris Uzoka-Anite said. She made the announcement after a Federal Executive Council meeting chaired by Tinubu in Abuja. Premium Times reported that Uzoka-Anite said the government was working on the budget and intended to present it before the end of the year.

Channels Television similarly said Tinubu was expected to submit the 2027 Appropriation Bill before the end of 2026. The proposed timetable would allow lawmakers to begin considering the plan before the 2027 fiscal year. Channels Television said the council also endorsed the National Development Plan for 2026-2030 and approved new legal frameworks aimed at addressing child stunting and improving food security.

It reported approval of a revised National Policy on Food and Nutrition for 2026, designed to support sustainable financing and cooperation among agriculture, livestock, health and education institutions. The council also approved N631.3bn for nine road infrastructure projects nationwide, according to Premium Times. Works Minister David Umahi said the projects were intended to improve transport links, connectivity and economic activity through construction, reconstruction and rehabilitation.

Among the listed approvals were N167bn for the 95-kilometre Etuke–Okeni–Ankpa–Otopa Road in Kogi and N209bn for the 81.1-kilometre Ado–Ilawe–Ilumaba–Ikole Road in Ekiti, including a bridge. The council also approved N62bn for the Tungo–Karamti Road between Adamawa and Taraba, with five bridges. Further allocations included N20.257bn for an 18-kilometre road linking Asiago with the Port Harcourt–Enugu Expressway, N30bn for remedial work on the East–West Road, N11.33bn for a project previously undertaken by Abia State, and N28.218bn to rehabilitate 17 kilometres of the Sokoto–Illela Road.

Umahi also said the first 118-kilometre section of the Abuja–Kaduna–Zaria Road had been completed in 30 months, with 81 kilometres built using reinforced concrete pavement. Work on the next 164-kilometre section was nearing completion, he said, with 16 kilometres remaining. The entire 375-kilometre corridor is to receive solar-powered street lighting.

Separately, Finance Minister Taiwo Oyedele said a proposed $21.7bn borrowing package was intended for asset investment rather than immediate spending. Channels reported that the plan would span about five years, with $10.6bn for transport links and more than $7.9bn expected from development partners. Premium Times added that ministers from countries along the Lagos–Abidjan coastal highway would discuss funding, including possible African Development Bank loans.