#budget

The Federal Government has addressed concerns regarding an ₦8 trillion spending dispute, denying allegations of a 'Shadow Budget.' Oyedele emphasized that certain capital projects extend over multiple fiscal years and are executed through legally sanctioned capital rollovers, clarifying that these should not be viewed as unauthorized or illegal expenditures.

The Federal Government of Nigeria has denied allegations of spending ₦8 trillion outside the 2026 budget, asserting that a report from the International Monetary Fund (IMF) was misrepresented. Finance Minister Taiwo Oyedele provided clarification on the matter.

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.

The Federal Government of Nigeria has refuted claims that it spent over ₦8 trillion outside the approved 2026 budget, challenging anyone who believes this to provide evidence. This statement comes in response to remarks made by IMF Resident Representative in Nigeria, Christian Ebeke, who indicated that approximately two percent of Nigeria’s GDP was spent outside the budget in 2025.

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.

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.

Enitan Bello conducted an independent review of Nigeria's budget documents from 2019 to the present, uncovering details about the PFIPC scandal that have not been widely discussed. The findings highlight aspects of the scandal that remain overlooked in public discourse.

Treasury Cabinet Secretary John Mbadi defended the budget allocation for renovations at State House, stating that the building has been neglected for years. He addressed criticism regarding the spending by emphasizing the broader responsibilities of the presidency and the need to restore key government facilities. Mbadi noted that parts of State House are deteriorating, with leaks that he deemed embarrassing for a nation that frequently hosts international dignitaries.

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.

Nairobi City County has started the 2026/2027 financial year without an approved budget due to the County Assembly's failure to pass the estimates by the June 30 deadline. Reports indicate that some Members of the County Assembly (MCAs) are demanding Sh10 million each to facilitate the budget approval process, leading to a stalemate in negotiations.

itel is set to release the P80, a new addition to its Power series of budget smartphones, which emphasizes durability and battery life. The brand has gained popularity by addressing the everyday needs of users, focusing on devices that can withstand rough handling while maintaining power efficiency.

Tech billionaires advocate for an AI-driven future in South Africa, suggesting that a basic income could support this vision. However, an analysis of the country's budget reveals significant challenges to this thesis, indicating that the proposed AI utopia may not be financially feasible.

Kenyan diplomatic missions in London and New York utilized Sh1.1 billion for upgrades, representing over 60 percent of the Sh1.78 billion allocated by the State Department for Foreign Affairs on diplomatic properties in the first nine months of the 2025/26 financial year, according to Eastleigh Voice.

The East African Community (EAC) has outlined its new budget of $110.8 million, focusing on trade, monetary union, and peace. Key priorities include accelerating the East African Monetary Union by harmonizing fiscal and monetary policies, operationalizing the East African Monetary Institute, and integrating regional payment systems.

According to a report by the Budget Controller, Dr. Margaret Nyakang’o, nine counties in Kenya have spent less than 20% of their development budgets in the first nine months of the 2025/2026 financial year, focusing instead on salaries and other expenditures. Kajiado County recorded the lowest at 9% of its development budget, followed by Lamu at 11%. Other counties with low development spending include Siaya, Uasin Gishu, Baringo, Tana River, Nakuru, Migori, and Mombasa.

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 Senate Committee for County Public Investments and Special Funds has recommended that the County Government of Nakuru increase its budget for preventive healthcare. Committee chairperson Godfrey Osotsi emphasized that investing in preventive health strategies can improve overall population health, decrease morbidity and mortality rates, and help manage chronic illnesses more effectively.

Uganda's 2026/27 national budget allocates Shs2.07 trillion for energy development, which includes funding for the 380-megawatt Kiba hydropower plant, a floating solar facility at Isimba, and 500 megawatts of utility-scale solar in the Elgon and Acholi regions. Additionally, it includes preparatory work for nuclear power at Buyende and emphasizes the need for expanding transmission lines and substations to support these initiatives.

UPDF FC, a team in the Uganda Premier League, has approved an annual budget of Ug.Shs 3.8 billion for the 2026/2027 season during their Annual meeting held at Ndere Cultural Centre in Kampala. The budget will support both the men's and women's teams of UPDF FC.

Jacinta Ngobese-Zuma, leader of March and March, has raised concerns regarding the South African government's R600 million budget allocated for policing in relation to the upcoming protests scheduled for June 30. She questions the necessity and effectiveness of such a significant expenditure on protest policing.