The President made this known while speaking on the government’s ongoing fiscal reforms, stressing that the current overlapping budgets would be completely phased out by March 2026. According to him, the move is aimed at strengthening fiscal discipline, improving transparency, and ensuring better coordination between government spending and revenue generation.
Tinubu explained that from April 2026, the country would operate a single, unified budget supported by a consolidated revenue framework. This, he said, would eliminate inefficiencies caused by carrying over budget components from previous years and help government agencies plan more effectively.
He noted that the reform is part of broader efforts to stabilise the economy, restore investor confidence, and ensure that public funds are deployed in a more accountable and sustainable manner. The President added that aligning expenditures with actual revenue inflows would reduce deficits and curb excessive borrowing.
The administration has already taken steps to reform Nigeria’s public finance system, including revenue mobilisation initiatives and measures to block leakages. Tinubu said these actions are necessary to lay a solid foundation for long-term economic growth.
He assured Nigerians that the transition process would be carefully managed to avoid disruptions to critical government programmes and projects, adding that the ultimate goal is a more efficient budgeting system that delivers tangible benefits to citizens.
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