Budget - Intelpoint

Search results for

Finance, budget, and economic planning ministries command half of Nigeria’s 2026 top allocations

The Federal Ministry of Finance dominates with ₦16.78 trillion, accounting for nearly ₦1 in every ₦3 spent among the top ministries.
Combined, the ministries of Finance and Budget & Economic Planning control more than 50% of the listed allocations, underscoring the government’s focus on fiscal strategy and economic agenda.
The Works and Defence sectors rank third and fourth, reflecting continuous prioritisation of infrastructure development and national security.
Education and Health, while critical, receive smaller shares, signalling potential pressure points in human capital development funding

Presidential air fleet budget falls 15% after 2024 peak

Allocation declined by ₦290 m from ₦6.16bn in 2025 to a proposed ₦5.87bn in 2026.
The change represents a 4.7% year-on-year reduction in funding.
Despite the decline, allocations remain broadly flat, with no major expansion in 2026.
The 2026 figure is still a proposal, and actual funding figures may change after legislative review.

Only ten states plan to spend less than ₦500 billion in 2025

Ten states have 2025 budgets below ₦500 billion, a combined ₦4.2 trillion.
Seven of the ten states are in Northern Nigeria.
Three of these states — Adamawa, Ebonyi and Ekiti — increased their budgets by over 100% compared to 2024.
Yobe's budget — the smallest — is ten times smaller than that of the largest state, Lagos

The cost of running Nigeria's presidential air fleet in 2024 has increased by 366% from 2017

President Tinubu's government recently added a new aircraft to the presidential fleet, sparking concerns over rising maintenance costs. From 2017 to 2024, the cost of maintaining Nigeria's presidential air fleet has increased by 366%, jumping from ₦4.4 billion to ₦20.5 billion. The Presidency argues that the new jet will save millions in maintenance and fuel costs.