2026 BUDGET: TINUBU PRESIDES OVER FEC MEETING
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On Friday, President Bola Tinubu led an emergency meeting of the Federal Executive Council (FEC) at the Council Chambers in the State House, Abuja.
This was done before the 2026 Appropriation Bill would be presented to a joint session of the National Assembly.
As reported by the Nation, this meeting happened just hours after the President officially told the National Assembly that he would present the 2026 budget estimates at 2:00 p.m. on Friday, December 19, 2025.
He did this in his role as President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria.
At the start of the emergency meeting, Vice President Kashim Shettima said the meeting was called to get final approval for the 2026 budget proposals before they are given to lawmakers.
He said the Council was meeting to put the stamp of approval on the budget estimates that the President will present to the National Assembly.
The development follows the FEC meeting held on December 3, during which the Council reviewed and approved key parameters of the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper.
He, however, said a more conservative production estimate of 1.8 million barrels per day would be adopted for budgetary planning.
Those in attendance at the meeting included Vice President Kashim Shettima; the Secretary to the Government of the Federation, Senator George Akume; the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack; the Chief of Staff to the President, Femi Gbajabiamila; and the National Security Adviser, Mallam Nuhu Ribadu.
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