The Federal Government ought to proceed with preparations for the 2027 Appropriation Bill however should first present a clear account of the implementation of earlier budgets, financial specialists have stated.
Daily Trust experiences that the Budget Office of the Federation has accomplished the draft 2027–2029 Medium-Term Expenditure Framework and Fiscal Strategy Paper in July 2026 and subsequently directed Ministries, Departments and Agencies to submit their 2027 personnel-cost proposals forward of the deliberate presentation of the finances to the National Assembly this October.
However, analysts warned that making ready one other finances whereas the 2025 and 2026 appropriations stay incompletely applied may deepen considerations over Nigeria’s overlapping finances cycles, weak releases and insufficient reporting.
It can be recalled that the National Assembly had just lately prolonged implementation of the capital element of the 2025 finances to December thirty first 2026 amidst widespread concern over what analysts describe as fiscal indiscipline.
Economist and funding banker Adegboyega Adebajo stated making ready the 2027 finances was essential as a result of authorities should plan prospectively for salaries, debt service, transfers, new tasks and different obligations.
“Budget execution is not, and should not be treated as, a condition precedent to preparing the next budget,” he stated.
He, nonetheless, warned that the brand new finances should not turn into a mechanism for concealing unspent or unexplained funds from earlier appropriations.
Adebajo referred to as for an audited reconciliation of the 2025–26 finances cycle earlier than the 2027 proposal is offered, exhibiting funds launched, legally dedicated, paid, unpaid however validly due, executed tasks and cancelled or re-scoped programmes.
He stated such a transition framework would enhance fiscal transparency and stop new appropriations from changing into a “blanket refuge” for unresolved obligations.
Economist Dr Aliyu Ilias stated Nigerians had been but to obtain enough data on the extent of implementation of the 2025 and 2026 budgets.
“Ideally, by the time the government is going to present the 2027 budget, it is supposed to tell us how much of the previous budgets have been implemented,” he stated.
Ilias additionally argued that the problem seemed to be extra about spending priorities and disbursement than income, noting that the federal government had reported elevated revenues from varied sources.
Financial analyst Sani Oyewale questioned the observe of transferring to new budgets whereas earlier appropriations remained unsettled. He argued that capital tasks may legitimately be rolled over as a result of main infrastructure tasks usually require a number of years to finish.
“Capital budgets should not run on an annual basis. Most projects take three to five years before meaningful evaluation,” he stated.
Economic analyst Dr Wilson Agaba agreed {that a} 2027 finances was unavoidable however described the simultaneous implementation of a number of budgets as a significant weak point in fiscal administration.
He stated the National Assembly ought to strengthen its oversight function by demanding clear explanations of finances implementation and making its findings out there to the general public.
Agaba additionally raised considerations about the actual worth of elevated authorities income, arguing that naira depreciation had considerably elevated the fee of imported supplies and infrastructure tasks.
Meanwhile, some lawmakers have beforehand criticised the multiple-budget system. In December 2025, Senator Danjuma Goje stated the observe was unacceptable and may finish, whereas Senator Olalere Oyewumi urged the federal government to current reasonable budgets to scale back rollovers and non-implementation.
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