The Central Bank of Nigeria (CBN) has announced that the Federal Government (FG) plans to raise N5.8 trillion through Treasury Bills in the third quarter of 2026, marking a 241 percent increase compared to N1.76 trillion sold in the same period in 2025. This increase is part of the government's borrowing strategy for the 2026 budget, according to Vanguard Business.

New data from the Central Bank of Nigeria (CBN) indicates a significant increase of N17.4 trillion in federal government borrowing, which raises concerns about the growing public sector debt and the potential impact on private sector credit availability.

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.

On Monday, the Federal Executive Council of Nigeria approved nearly three trillion naira in new spending during a single meeting. The funding is allocated for various sectors including roads, health, ports, and youth service reform, with a financing package amounting to billions of naira, according to Leadership (NG).

The Bola Ahmed Tinubu-led Federal Government has refuted allegations that it spent over ₦8 trillion outside of the approved budget, which is estimated to be about two percent of Nigeria's total budget. The government has addressed these claims in a recent statement, emphasizing its adherence to budgetary regulations.

The Federal Government of Nigeria has refuted allegations that over ₦8 trillion was spent outside the 2025 budget, asserting that all public expenditures comply with the country's constitutional and legal framework. This statement was made by Taiwo Oyedele, the Minister of Finance, in response to claims suggesting that approximately two percent of Nigeria's Gross Domestic Product was unaccounted for, according to the Daily Post.