Nigeria's 2026 budget hides ₦1.3B fake agency and ₦962B SUV/empowerment fraud amid 46% deficit
President Tinubu signed the 2026 Appropriation Act into law despite ₦1.3 billion allocated to a non-existent 'Presidential Foreign Intervention Promotion Council' and ₦780 million for church musical equipment in Abia State—claims the funds came from the 2025 budget. Tracka's analysis reveals ₦962.83 billion budgeted for SUVs and empowerment projects across 78 ministries, with only 70% of 2,579 projects having verifiable locations (30% are phantom projects). Agencies like the National Mathematical Centre are misused to fund traditional rulers' palaces in Rivers and Kogi States, mosque remodels, and village halls—violating the Constitution's Exclusive Legislative List. ₦15.13 billion is earmarked for 39 SUVs, likely for 2027 election patronage. The total budget is ₦68.32 trillion with a 46% deficit financed by borrowing, meaning citizens will repay this debt through taxes while healthcare, schools, and roads crumble. Past presidents (Obasanjo, Yar'Adua, Jonathan, Buhari) vetoed budgets over lesser padding, but Tinubu has not questioned any in three years. This isn't just mismanagement—it's systematic looting where lawmakers treat the treasury as a personal ATM, turning budget approval into a graft bazaar that steals from every Nigerian's future.
Will you accept that nearly half your tax money funds fake agencies and SUVs for politicians while schools lack textbooks and hospitals lack medicine, or will you demand Tracka's full project details be published online so you can track exactly where your allocations are going in your LGA?