President Bola Tinubu is set to present the 2027 budget proposal to a joint session of the National Assembly before the end of December 2026. This was announced by the Minister of State for Budget, Doris Uzoka-Anite, while briefing journalists on the outcome of the Federal Executive Council (FEC) meeting in Abuja. The meeting was presided over by President Tinubu at the Council Chambers of the Presidential Villa.
According to Minister Uzoka-Anite, the proposed presentation is expected to enable the National Assembly to begin considering the budget ahead of the 2027 fiscal year. The Minister stated that they are working on the 2027 budget and intend to present it before the end of the year. This move will ensure a smooth transition into the new fiscal year.
In a related development, the Minister of Works, David Umahi, announced that the FEC had approved N631.3 billion for nine road infrastructure projects nationwide. These projects aim to strengthen transportation networks, improve connectivity, and facilitate economic activities through the construction, reconstruction, and rehabilitation of critical road corridors.
The approved projects include the reconstruction of the 95-kilometre Etuke–Okeni–Ankpa–Otopa Road in Kogi, at a contract sum of N167 billion. Additionally, N209 billion was approved for reconstructing the 81.1-kilometre Ado–Ilawe–Ilumaba–Ikole Road in Ekiti, including a bridge. Another N62 billion was approved for the Tungo–Karamti Road linking Adamawa and Taraba, with five bridges incorporated into the project.
Furthermore, the FEC approved N20.257 billion for an 18-kilometre road connecting Asiago to the Port Harcourt–Enugu Expressway. An additional N30 billion was earmarked for remedial works on deteriorated sections of the East–West Road. The council also approved N11.33 billion for a road project previously undertaken by the Abia Government.
Minister Umahi also commended President Tinubu over the completion of the first 118-kilometre section of the Abuja–Kaduna–Zaria Road. He stated that the section was completed in 30 months, with 81 kilometres constructed using reinforced concrete pavement. Furthermore, work on the second section, covering 164 kilometres, is nearing completion, with only 16 kilometres remaining.
Finally, Minister Umahi disclosed that the entire 375-kilometre Abuja–Kaduna–Zaria–Kano corridor would be equipped with solar-powered streetlights. He also mentioned that ministers from countries along the Lagos–Abidjan coastal highway corridor would meet to discuss funding arrangements, which will involve the African Development Bank providing loans to participating countries.
Key points
- President Tinubu to present 2027 budget proposal to National Assembly by December
- FEC approves N631.3 billion for nine road infrastructure projects nationwide
- Ministers to discuss funding arrangements for Lagos–Abidjan coastal highway project
