Senate Questions N58.472 Trillion Budget Over Oil Revenue Assumptions and Debt Projections
Автор: News Central TV
Загружено: 2026-02-20
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Nigeria's Senate has raised serious concerns over the federal government's proposed N58.472 trillion 2026 Appropriation Bill, particularly highlighting what lawmakers call unrealistic projections for oil revenue and national debt. During an extended session, the Senate Committee on Appropriations challenged officials on weak budget performance, rising debt levels, and delays in capital releases.
Finance Minister Wale Edun defended the oil production benchmarks, calling them "stretch targets," while assuring that security spending remains a top priority. To help unpack the implications of this budget and what it means for Nigeria’s fiscal future, we are joined by economist Femi Onokanren for an in-depth discussion.
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