BudgIT

🚨 LAST CALL FOR SUBMISSIONS!

Only a few days left to join the BudgIT Methane Emissions Creators Challenge.

Got your 90-second video on gas flaring and methane emissions? Don’t sit on it.
Post it now and stand a chance to win up to N700,000.

Post your video, tag , and use:

Deadline: Thursday, 25 June 2026

To every father who shows up, again and again, in the small ways and the big ones: thank you.

We see the sacrifices you make, the strength you carry, and the love you give.

Happy Father’s Day, from the

$311 billion in fifteen years. That is how much Nigeria’s diaspora sent home, averaging $20.7 billion every single year.

The money kept coming through recessions, repeated currency devaluations, oil price crashes, and a global pandemic. In most of those years, remittances matched or beat what Nigeria earned from non-oil exports, and they consistently outran foreign direct investment.

That makes diaspora remittances one of the most dependable sources of foreign exchange this economy has, anchored by family bonds that market conditions have never been able to move.

While Nigerians abroad keep showing up for their families, it tells you something simple about what truly holds an economy steady.

When we say fiscal reforms and economic development, what does in mean to everyday citizens?

Next up on : The Series, we turn the lens to Ondo State to unpack how fiscal choices are shaping growth, service delivery, and economic direction.

🎤 Speakers
Mr Akindolire Olaolu, Commissioner of Economic Planning & Budget, Ondo State

Basil Abia, Co-Founder, Truva Intelligence

🎤 Moderator
Oludamilola Onemano, Senior Research and Policy Analyst, BudgIT

📅 Wednesday, June 17, 2026
🕔 5:00 PM
📍 BudgIT’s X Space

🔊 Set a reminder and be in the room live 👉 https://twitter.com/i/spaces/1NGarrdpMovJj

Don’t miss out.

📢 Final call to submit your nominations for the Active Citizens Awards 2026.

The nomination window closes today.
If you’ve been meaning to submit a nomination, now is the time.

Visit awards.civichive.org and send in your nomination before the deadline.

Don’t leave it for later. Later ends today.

🗣️BudgIT Marks 2026 Federal Budget as Ambitious but Unviable

BudgIT has raised significant concerns over the Federal Government’s 2026 Budget, describing it as ambitious but unrealistic and, within the current fiscal realities, not feasible. The approved budget of N68.32 trillion is the largest in Nigeria’s history, yet nearly half of it depends on borrowing.

With projected revenue of N36.87 trillion against planned expenditure of N68.32 trillion, the government faces a fiscal deficit of N31.45 trillion. This means only 53.9% of the budget can be financed through actual revenues, while 46.1% relies on debt, further entrenching structural fiscal imbalances.

While capital expenditure accounts for N32.28 trillion, debt servicing alone is projected at N15.8 trillion, consuming nearly 45% of projected revenue. At the same time, critical sectors such as health and education remain significantly underfunded despite their importance to national development.

BudgIT notes that Nigeria’s challenge is not only revenue generation but also revenue realism, expenditure discipline, sound debt management, and institutional credibility.

The organisation therefore calls for zero tolerance for extra-budgetary spending and off-book expenditures, alongside a strict prioritisation framework that channels limited public resources toward high-impact and economically catalytic projects.

PRESS STATEMENT

The budget is where the plan begins. Reality is where that plan gets tested.

Nigeria has approved its biggest budget in history, with N68.32 trillion planned for the year. But expected revenue stands at N36.87 trillion, leaving a N31.45 trillion gap that will need to be financed.

Before anything else happens, N15.81 trillion is already committed to debt servicing, taking up almost 45% of expected revenue.

In 2025, the revenue target was N36.35 trillion, but only N10.92 trillion had been realised by June. The 2026 projection remains almost the same, repeating the same pressure.

The Ministry of Health received N36 million out of a N218 billion allocation in 2025, as confirmed by the minister.
Education, Health, Science and Technology, and Women Affairs combined still received less than 15% of the total budget.

Across Nigeria, only 249 out of 774 local government areas have access to pipe-borne water, and just 20% of water facilities are still working.

Public debt now stands at N159.28 trillion ($110.97 billion), up 10.1% in one year, with a new $6 billion borrowing request sent to the National Assembly in March of 2026.
Approval is only the beginning. What happens after is what really defines the outcome.

Full analysis is available via link in bio.