The Nigerian government has announced plans to operate a single budget beginning in March 2026, aiming to streamline its funding structure and improve financial management. Deputy House of Representatives spokesperson Philip Agbese said the move is intended to align the country’s budgeting system with international best practices, ensuring greater transparency and accountability.
In an interview with journalists in Abuja, Agbese explained that repealing and re‑enacting the 2024 and 2025 budgets will create a coherent and predictable funding framework. This will enable the executive to execute the budget without significant hurdles, making cash‑flow management easier and ensuring timely releases.
The decision to adopt a single budget responds to challenges the Federal Government faced in executing the 2024 and 2025 budgets, which forced the operation of multiple appropriations within a single fiscal year. At President Tinubu’s request, the National Assembly repealed and re‑enacted those budgets, extending the implementation timeline of the 2025 budget through March 2026.
Agbese praised President Tinubu’s commitment to budget discipline and economic stability, noting that parliament is dedicated to reforms that will strengthen public‑finance management, improve service delivery, and restore public confidence in the budgeting process. By adopting a single budget, the government aims to enhance financial management, reduce oversight burdens, and promote fiscal alignment and continuity of public expenditure.
The move is expected to positively impact the economy by providing a clearer picture of the government’s financial priorities and enabling more effective resource allocation. As the new budgeting system is prepared for implementation, stakeholders will closely monitor its progress and economic effects. With the single budget set to commence in March 2026, the government will seek to demonstrate its commitment to fiscal discipline, transparency, and improved public‑finance management.
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