President Bola Tinubu has presided over an emergency meeting of the Federal Executive Council (FEC) at the Council Chambers of the State House, Abuja, ahead of the presentation of the 2026 Appropriation Bill to a joint session of the National Assembly.
As reported by newsmen, the meeting came just hours after the President formally notified the National Assembly of his intention to present the 2026 budget estimates at 2:00 p.m. on Friday, December 19, 2025, in his capacity as President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria.
Speaking at the opening of the emergency session, Vice President Kashim Shettima explained that the meeting was convened to give final approval to the 2026 budget proposals before their presentation to lawmakers.
According to him, the Council was meeting to “put the stamp of approval” on the budget estimates to be laid before the National Assembly by the President.
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.
Ministers and other members of the Federal Executive Council are also present.
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