The Digest:
Details from the proposed 2026 federal budget reveal that President Bola Tinubu and Vice President Kashim Shettima have allocated a combined N6.1 billion for foreign travel in the coming fiscal year. The budget also includes significant provisions for vehicle procurement and a solar energy project for the Presidential Villa.
Key Points:
- President Tinubu and VP Shettima allocated N6.14bn and N1.31bn, respectively, for foreign travel in 2026.
- The allocations are part of the State House Operations budget currently before the National Assembly.
- N7 billion is earmarked for the "Solarisation of the Villa" amid national grid instability.
- N3.3 billion is budgeted for purchasing and replacing State House operational vehicles.
- An additional N283.85 billion is allocated for presidential air fleet logistics and management.
- The 2026 Appropriation Bill totals N58.18 trillion and is undergoing legislative scrutiny.
- The budget includes N4.23bn for maintenance and N8.35bn for liabilities to Julius Berger.
- These provisions emerge amid widespread economic pressures on Nigerian citizens.
Sources: Leadership Newspaper
