• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 8, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

2026 Budget: 2 Federal Ministries Allocate N209.9bn For Computer Software, Research, Others

Mark Itsibor by Mark Itsibor
6 months ago
in Business
Wale Edun

Wale Edun

Share on WhatsAppShare on FacebookShare on XTelegram

…N12.6bn for building of warehouses

The Federal Ministry of Finance and its Budget & Economic Planning counterpart have earmarked a substantial N209.9 billion for the acquisition of non-tangible assets in the 2026 fiscal year, as outlined in the 2026 budget proposal currently before the National Assembly.

Details of the proposed budget reveal that the Federal Ministry of Finance, under the leadership of the Coordinating Minister of Finance and Economy, Wale Edun, is seeking approval for N198.9 billion to invest primarily in computer software and research and development.

Additionally, the Ministry of Budget and Economic Planning has proposed N11 billion for similar acquisitions related to research and development.

Moreover, a notable allocation of N12.6 billion has been designated for the construction of automated warehouses across Nigeria’s six geopolitical zones. Each warehouse is set to cost approximately N2.1 billion.

However, the budget lacks details regarding their intended locations, specific functionalities, and the timeline for completion. This silence has contributed to uncertainty about how these warehouses will enhance the country’s logistical capabilities and overall economic infrastructure.

In tandem with these expenditures, the Ministry of Finance has also proposed   N39 million for anti-corruption initiatives, aimed at addressing systemic issues that hamper economic growth.

Apart from that, the federal government has also earmarked a whopping N300 billion for “special intervention/constituency projects under its service-wide votes, which is notorious for the hibernation of public funds that are never subjected to public scrutiny.

The N58.48 trillion 2026 Appropriation Bill under review has a striking contrast in federal spending priorities: the amount set aside for top government travel appears to overshadow the budgeted health spending per citizen, especially at the primary healthcare level. The contrast raises pressing questions about fiscal priorities amid ongoing healthcare challenges.

According to detailed breakdowns from the State House estimates within the 2026 Appropriation Bill, published by the Budget Office of the Federation, the Presidency has earmarked at least N12.2 billion specifically for travel and transport costs for top political officials in the 2026 budget cycle.

RELATED NEWS

PenCom Targets Deeper Capital Market Role As Pension Assets Hit N31.32trn

Global Oil Companies Heading For Higher Revenue Earnings In Q2, 2026

Indigenous Oil Firms Say Nigeria’s Oil Industry Heavily Taxed

President Bola Ahmed Tinubu’s travel: N7.01 billion total — including N6.14 billion for foreign travels and N873.9 million for local engagements.

Vice President Kashim Shettima’s travel: N1.73 billion — including international and domestic trips. General travel/transport for State House operations: N3.43 billion.

The figures appear under the line items for “Travel & Transport” within the State House Headquarters’ component of the federal budget (2026 Appropriation Bill, Presidency/State House Votes). The travel vote covers airfare, logistics, accommodation and related expenses for the President, Vice President and select aides across domestic and overseas engagements.

By contrast, the health sector’s allocation in the 2026 budget — encompassing all federal health spending — stands at approximately N2.48 trillion, representing roughly 4.3% of the federal budget.

Based on Nigeria’s estimated population of about 237.5 million people, this translates into: Approximately N10, 400 per citizen for the entire health sector for the year, or about N870 per person per month.

The N10, 400 per citizen figure includes all federal health spending, not just primary healthcare programmes, which generally receive a subset of total health funds. Front-line primary healthcare centres are funded through a mix of federal, state, and local government allocations; however, federal primary healthcare funding is significantly lower than the aggregate health budget figure.

As deliberations on the budget proceed in the National Assembly, lawmakers will need to critically evaluate these allocations, aiming to ensure that the proposed expenditures align with the immediate needs of the Nigerian populace. The outcome of this budget proposal could have a significant impact on the nation’s fiscal landscape and the public’s trust in governmental financial stewardship.

 

 

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Mark Itsibor

Mark Itsibor

OTHER NEWS UPDATES

Business

PenCom Targets Deeper Capital Market Role As Pension Assets Hit N31.32trn

3 hours ago
Global Oil Companies Heading For Higher Revenue Earnings In Q2, 2026
Business

Global Oil Companies Heading For Higher Revenue Earnings In Q2, 2026

3 hours ago
Indigenous Oil Firms Say Nigeria’s Oil Industry Heavily Taxed
Business

Indigenous Oil Firms Say Nigeria’s Oil Industry Heavily Taxed

3 hours ago
Next Post
IAWPA Appoints Kumba As Mayoress Of Peace In Africa

IAWPA Appoints Kumba As Mayoress Of Peace In Africa

Advertisement

LATEST UPDATE

Woman Gives Birth To Baby Boy While Shopping For Baby Items At Ibadan Market

12 seconds ago

‎Peggy Ovire Finalizes Divorce Process From Frederick Leonard, Jubilates! 

5 minutes ago

Police Arrest 135 Suspected Cultists During 7/7 Crackdown In Lagos

11 minutes ago

Northern Governors Launch Security Trust Fund, Name Agwai, Yayale Co-Chairmen

32 minutes ago

Wimbledon 2026 Was More Than Tennis — It Was Fashion, Fame And Front-Row Magic

34 minutes ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.