Nigerian state budget proposals

Several Nigerian states have introduced or approved significant budget proposals for the upcoming fiscal periods.

In Cross River state, Governor Bassey Edet Otu presented a ₦987.8 billion budget estimate for the 2027 fiscal year, titled the ‘Budget of Consolidation and Renewed Hope’. This proposal includes ₦708.43 billion for capital expenditure and ₦279.38 billion for recurrent expenditure, with priorities in infrastructure, education, health, and agriculture. Simultaneously, Edo state’s House of Assembly approved a ₦939.85 billion supplementary appropriation bill for 2026, allocating ₦588.32 billion to capital projects.

By November, Bayelsa State Governor Douye Diri proposed a ₦1.24 trillion budget for the 2027 fiscal year, representing a 22 percent increase over the 2026 budget. This ‘Budget of Assured Prosperity and Sustainable Growth and Development’ earmarks ₦840.79 billion for capital expenditure, specifically prioritizing road and bridge infrastructure. The proposal is based on economic assumptions including an oil benchmark of $60 per barrel and an exchange rate of ₦1,400 to the dollar.