Highlights: Tinubu’s ₦68.3trn Budget, Reform Drive and Key Economic Updates

President Tinubu has signed the ₦68.32 trillion 2026 budget and extended the 2025 spending deadline to June. He reaffirmed his commitment to reforms and pledged to “keep pushing forward” despite criticism. In a meeting with Renewed Hope leaders and international envoys, stakeholders expressed cautious optimism about the administration’s direction. Governors from Imo, Kaduna and other states highlighted development projects and urged the president to ignore dissent and stay the course. On the economic front, the IMF called for early support to ease Nigeria’s financial strain. NIDF reported strong Q1 interest income of ₦4.3 billion. Retailers want the federal government to resume petrol imports to boost competition. Transport updates include plans to restore heritage rail lines, a surge in logistics costs driving inflation to 15.38%, and new partnerships by LASTMA and FRSC to improve safety. Internationally, the UAE is expanding logistics ties and global aviation faces challenges from fuel shortages and rising bird strikes.

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