The session examined the performance of the 2025 budget and projections for the 2026 fiscal year. Non-oil tax revenues, he said, outperformed expectations, generating N21.46tn, which was N3.4tn above target, while oil tax revenues fell short of projections by 5.2 per cent. “When you compare the 2025 performance with 2024, the Service collected N6.5tn more than the previous year. Bagudu, in his remarks, said engagements with the National Assembly led to an agreement to roll over a significant portion of the 2025 capital expenditure into the 2026 fiscal year. He said about 70 per cent of the capital allocation for 2025 would be moved into the 2026 fiscal year.

Source: Punch February 26, 2026 07:31 UTC