President Bola Tinubu will present the 2027 budget proposal to a joint session of the National Assembly earlier than the top of December, 2026.
The Minister of State for Budget, Doris Uzoka-Anite, disclosed this on Wednesday whereas briefing journalists on the result of the Federal Executive Council (FEC) assembly in Abuja.
The News Agency of Nigeria (NAN) studies that the assembly was presided over by the president on the Council Chambers of the Presidential Villa.
“We are working on the 2027 budget, and our intention is to present it before the end of the year,” Mrs Uzoka-Anite stated.
The proposed presentation is anticipated to allow the National Assembly to start contemplating the budget forward of the 2027 fiscal yr.
Meanwhile, the Minister of Works, David Umahi, introduced that FEC had accredited N631.3 billion for 9 highway infrastructure tasks nationwide.
Mr Umahi stated the tasks would strengthen transportation networks, enhance connectivity and facilitate financial actions by the development, reconstruction and rehabilitation of crucial highway corridors.
He stated the approvals included the reconstruction of the 95-kilometre Etuke–Okeni–Ankpa–Otopa Road in Kogi, at a contract sum of N167 billion.
The council additionally accredited N209 billion for reconstructing the 81.1-kilometre Ado–Ilawe–Ilumaba–Ikole Road in Ekiti, together with a bridge.
Another N62 billion was accredited for the Tungo–Karamti Road linking Adamawa and Taraba, with 5 bridges included into the venture.
Mr Umahi stated FEC additionally accredited N20.257 billion for an 18-kilometre highway connecting Asiago to the Port Harcourt–Enugu Expressway.
An further N30 billion was earmarked for remedial works on deteriorated sections of the East–West Road.
The council additionally accredited N11.33 billion for a highway venture beforehand undertaken by the Abia Government.
Mr Umahi stated the approval adopted the discontinuation of its funding association beneath the Nigerian National Petroleum Company Ltd. tax-credit scheme.
He added that N28.218 billion was accredited to rehabilitate a 17-kilometre part of the Sokoto–Illela Road, Route A1.
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The minister additionally counseled Mr Tinubu over the completion of the primary 118-kilometre part of the Abuja–Kaduna–Zaria Road.
He stated the part was accomplished in 30 months, with 81 kilometres constructed utilizing strengthened concrete pavement.
He added that work on the second part, protecting 164 kilometres, was nearing completion, with solely 16 kilometres remaining.
Mr Umahi additional disclosed that your complete 375-kilometre Abuja–Kaduna–Zaria–Kano hall can be outfitted with solar-powered streetlights.
On the Lagos–Abidjan coastal freeway, the minister stated ministers from nations alongside the hall would meet on Friday to talk about funding preparations.
He stated the freeway contains 79 kilometres in Nigeria, 89 kilometres in Togo, 576 kilometres in Ghana, 155 kilometres in Côte d’Ivoire and 128 kilometres in Benin Republic.
According to Mr Umahi, the proposed association will contain the African Development Bank offering loans to taking part nations to finance their respective sections.
He stated the regional freeway was meant to strengthen connectivity and facilitate commerce amongst taking part West African nations.
(NAN)
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