Nigeria’s 2026 budget of N68.3 trillion has been approved by the Senate in Abuja, marking a sharp increase from 2025 spending. Lawmakers cited inflation pressures and expanded government plans. However, economists warn that optimistic revenue projections could widen fiscal deficits and increase borrowing risks if implementation challenges persist nationwide in the coming months. The extension of the 2025 budget cycle also reflects delays in execution and in aligning fiscal planning priorities across ministries and agencies nationwide.