As Nigeria enters the second half of 2026, questions arise regarding the effectiveness of the country's record budget, which was recently signed by President Bola Ahmed Tinubu. Festus Akanbi reviews an analysis by BudgIT that highlights the challenges and concerns surrounding the budget's implementation and its potential impact on the economy.

The Federal Government of Nigeria has emphasized the need for enhanced development finance and increased private capital mobilization to achieve its goal of a $1 trillion economy. Officials stated that relying solely on public funds is insufficient for the country's developmental plans. This announcement was made during the Bank of Industry's Development Partners’ Roundtable and the presentation of the 2025 Annual Development Impact Report in Abuja.

The International Monetary Fund (IMF) has reported that the Federal Government of Nigeria did not include public expenditure amounting to approximately N8.8 trillion, or 2% of the country's Gross Domestic Product (GDP), in its recent national budgets. This omission has led to a discrepancy between the reported fiscal deficit and the actual financing requirements of the country, according to the IMF's Resident Representative.

President Bola Tinubu has called for West African nations to focus on industrialisation and develop a production-driven regional economy. This statement was made during the inauguration of the new Economic Community of West African States (ECOWAS) headquarters in Abuja, according to Ripples Nigeria.

Nigeria's budget cycles under President Bola Tinubu have been described as chaotic, characterized by repeated extensions of the 2025 capital budget. The article explores the implications of this disorganization on the country's financial management and governance, according to Punch.

The Federal Government of Nigeria has instructed financial institutions and designated non-financial businesses to comply with sanctions by freezing the assets of individuals financing terrorism. This directive follows sanctions imposed on a Nigerian financier linked to ISIS and three others. The government aims to enhance measures against terrorism financing in the country.