₦airaland Forum

The African Democratic Congress (ADC) has criticised the 2026 budget proposal presented by President Bola Tinubu to the national assembly, describing it as a “copy and paste budget from previous years”.

On Friday, Tinubu presented a record N58.18 trillion 2026 appropriation bill to a joint sitting of the national assembly.

In a statement issued on Monday, Bolaji Abdullahi, national publicity secretary of the ADC, said the party’s team of economists conducted a preliminary review of the spending plan.

Abdullahi said despite being branded the “Budget of Consolidation, Renewed Resilience and Shared Prosperity”, the proposal represents a continuation of fiscal recklessness and wishful thinking.

“Like its predecessors, it risks ending as another unimplemented document, with real execution pushed into the future,” the statement reads.

“Nigeria is being asked to accept a new fiscal framework at a time when the 2025 budget was only recently repealed and reenacted, an unprecedented display of fiscal chaos and administrative incompetence. This government is attempting to build a house on quicksand.”

The ADC spokesperson warned that the budget would only result in deeper debt and increased hardship for Nigerians if approved as it is.

Abdullahi noted that the proposal mirrors the structure of the 2024 and 2025 budgets, which he described as poorly implemented and largely ineffective.

He said the government is proposing a new fiscal framework shortly after repealing and re-enacting the 2025 budget, describing the development as evidence of fiscal chaos and administrative incompetence.

He accused the Tinubu administration of postponing difficult fiscal decisions while relying on unsustainable borrowing that mortgages the future of the next generation.

Abdullahi said economic recovery cannot be achieved through monetary adjustments alone without fiscal discipline and credible budgeting.

He also criticised what he described as the attempt to operate multiple national budgets simultaneously, calling it unprecedented fiscal disorder.

He said that although revenues rose to about N20 trillion in 2024, the deficit expanded to N23.85 trillion, with most capital projects expected to be financed through high-interest borrowing.

“It is unforgivable to saddle future generations with massive debt to fund opaque and reckless spending today,” Abdullahi said.

He added that debt servicing costs are projected to rise from N12.63 trillion in 2024 to N15.52 trillion in 2026, warning that the trajectory is unsustainable.

The opposition party urged the federal government to adopt a new economic direction anchored on fiscal responsibility, transparency, and policies that prioritise the welfare of Nigerians.

Anither563:
The ADC lacks the numbers to influence the budget. Let's wait for the Senate and House of Reps to do their jobs.

HgAkpobomeEr:
Ribadu's comments are self explanatory.

atiku4President:
If Tinubu is happy with Fubara and Wike is not happy with Fubara, it could only mean that Tinunu is not happy with Wike.

Put one and two together and know what's going on.

anonimi:
"Wike and Fayose have brought shame to PDP" -Ali Modu Sheriff

According to him, he will restructure the PDP in such a way that Wike and Fayose cannot contain because they have brought “shame” to the party.
Read what he said below

“I will engineer a restructuring of the PDP such that characters like Wike and Fayose cannot find a way through to attain any position of prominence in our party in the future. They have brought shame and agony through the application of their crude and godless politics which is at variance with the principles upon which our founding fathers built our great party.

We must find a way to sieve things so that only men of character and integrity can come through for positions of responsibility at all levels of our political engagement in the country. We must urgently steer the ship of PDP clear of the path of infamy which Wike and Fayose have brought our party, making Nigerians to mistake PDP as a training ground for thugs.

That is the urgent task we have. We cannot continue to advertise thug brand and expect Nigerians to take us seriously”.

https://igberetvnews.com/349783/wike-and-fayose-have-brought-shame-to-pdp-ali-modu-sheriff/#forward

iwaeda:
Tinubu knows he has no plan for Nigeria. Just to fulfill his own personal ambition. Anyways, I don't see him beyond 2027.

HgAkpobomeEr:
Ribadu's comments are self explanatory.

Nigeria: Corruption - Kalu, Tinubu Can't Escape -Ribadu

19 FEBRUARY 2007

Daily Champion (Lagos)

Lagos — ABIA State governor, Dr. Orji Uzor Kalu and his Lagos State counterpart, Asiwaju Bola Ahmed Tinubu would not escape justice but would be made to face the full wrath of the law following their recent indictment for alleged corruption by the Economic and Financial Crimes Commission (EFCC).

Chairman of the commission Mallam Nuhu Ribadu who made the vow yesterday said the duo must account for their stewardship and may be thrown out of office.

https://allafrica.com/stories/200702190245.html

iwaeda:
Tinubu knows he has no plan for Nigeria. Just to fulfill his own personal ambition. Anyways, I don't see him beyond 2027.

Anither563:
The ADC lacks the numbers to influence the budget. Let's wait for the Senate and House of Reps to do their jobs.

Love800:
Thanks so much.
Sorry for my late reply. My last question please.
But if you remove the fiscal framework project revenue(34.33T) from the capital expenditure(26.08T), how much will now be remaining in the budget?
And, why are nairalanders complaining about the budget.
Is the budget too small or too big? Are they angry about the amount of money?

hatchy:
Tinubu is building Nigeria the way he built Lagos. He has imported more than enough cement, bought enough from Dangote, BUA and Ibeto.

This incompetent man will ground Nigeria and bring it to it's knees beginning few days from now. Nigeria cannot survive with this tax laws that's coming into effect soonest. Nigeria cannot also grow into prosperity by constantly borrowing to service debts and fund the lavish lifestyle of politicians and government officials.

Our eyes will soon clear. The choices a few people made, Mahmood, the judiciary, politicians, and tribal jingoists will soon yield fruits come January 2026. Shege pro max is awaiting everyone.