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Nigeria’s Federal Executive Council has approved a ₦58.47 trillion 2026 budget, alongside a revised MTEF exchange rate of ₦1,400/$1, signalling a shift toward non-oil revenue and fiscal consolidation.
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ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
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Kano Government Approves New Road and Social Infrastructure Spending to Accelerate Statewide Development
Kano State has approved more than ₦20 billion for strategic road projects alongside new investments in education, health, water, and security, signalling an accelerated push for infrastructure-led development across urban and rural areas.
Real Estate Remains a Key Driver of Nigeria’s Economic Growth
Nigeria Faces Potential Public Resistance as New Tax Regime Begins Implementation in 2026
Nigeria’s new tax framework takes effect in 2026, consolidating over 60 levies and expanding the tax base. Analysts warn of possible protests as households and businesses adjust, while digitalisation and enforcement aim to stabilise compliance.
FEC Approves ₦58.47tn 2026 Budget, Revises FX Assumption to ₦1,400/$
Nigeria’s Federal Executive Council has approved a ₦58.47 trillion 2026 budget, alongside a revised MTEF exchange rate of ₦1,400/$1, signalling a shift toward non-oil revenue and fiscal consolidation.