By Dele Sobowale
FG budgets N1tn for empowerment, SUVs amid rising borrowing pressure – Report, July 27, 2026
Veterans monitoring the formulation and execution of annual budgets can honestly admit one truth. Military regimes were more disciplined. Every annual budget ended on midnight December 31 of the year.
Funds not spent by that time were returned to the Treasury. There were no carry-overs. As you are reading this article in August 2026, some parts of the 2024 Budget are probably still being implemented; and the 2025 budget has not officially closed. That, in a nutshell summarises the sloppiness characterizing the Tinubu administration; which in turn is breeding the worst open corruption in Nigerian history. It is double tragedy; that we have experienced the most atrocious budget management under a leader claiming to be an accountant and financial expert. Even Buhari, with School Certificate attempted performed better – despite bequeathing an “economy on the brink of bankruptcy”. (Tinubu’s words). Today, we have moved closer to the brink; and the evidence is overwhelming. We start with the low hanging fruit.
“Linking Buhari’s govt to PFIPC, groundless, lacks factual basis – BMO.”
