Deputy Spokesperson of the House of Representatives, Philip Agbese, has announced that the Federal Government will implement a single budget starting March 2026.
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Speaking with journalists in Abuja on Friday, Agbese explained that the repeal and re-enactment of both budgets is aimed at creating a coherent and predictable funding structure.
He added that the move is designed to align Nigeria’s budgeting system with global and international best practices.
According to him, it would also ensure transparency and accountability at all levels and lessen the burden of oversight during implementation.
“By adopting a single budget after 31 March 2026, the executive will be able to execute the budget without much hassle. When there is a single funding system, it becomes easier to manage cash flow and ensure timely releases,” he said.
The deputy spokesperson of the Green Chamber also praised President Tinubu for promising budget discipline and economic stability.
Agbese added that the parliament is committed to reforms that would strengthen public finance management, improve service delivery, and restore public confidence in the budgeting process.
It was reported that the Federal Government has faced significant challenges in executing the 2024 and 2025 budgets, resulting in the operation of multiple appropriations within a single fiscal year.
It is recalled that on Tuesday, the National Assembly, at the request of President Tinubu, repealed and re-enacted the 2024 and 2025 budgets.
It also extended the implementation timeline of the 2025 budget through March 2026 to ensure fiscal alignment and continuity of public expenditure.
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