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Home Business news

FG Targets September 2025 for Submission of 2026 National Budget

Victoria Emeto by Victoria Emeto
August 25, 2025
in Business news
0
FG Targets September 2025 for Submission of 2026 National Budget

The Federal Government has announced plans to submit the 2026 national budget to the National Assembly by September 2025, according to a 2026 Personnel Cost Budget Call Circular obtained from the Budget Office of the Federation.

The circular, dated July 7, 2025, was signed by the Director-General of the Budget Office, Mr. Tanimu Yakubu, and addressed to ministers, permanent secretaries, service chiefs, and heads of parastatals. It directed all Ministries, Departments, and Agencies (MDAs) to begin preparations for the personnel component of their 2026 budget proposals.

The document emphasized the need to conclude the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) in July 2025, in line with the Fiscal Responsibility Act (2007). This timeline is crucial to ensure timely transmission of the budget to the legislature.

“As you are aware, the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper should be concluded by July 2025 in line with the Fiscal Responsibility Act 2007 to facilitate the submission of the 2026 budget to the National Assembly by September 2025,” the circular read.

The move reflects the government’s commitment to an early budget cycle, aimed at improving fiscal planning, budget implementation, and economic stability.

Tags: #BudgetOffice#FiscalPolicy#NigeriaBudget2026#PublicFinance
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