The National Assembly passed a 2026 budget of N68.3 trillion, above the executive's N58.18 trillion proposal, prioritising security, infrastructure, health and education. With the presidential election set for 20 Feb 2027, President Tinubu launched his re-election campaign on 24 Oct 2026; a 2027 budget proposal was not found in this review.
What a Korean company can do now
Government · leader
President Bola Ahmed Tinubu (head of state and government)
Key national agenda
- Broadening revenue: new tax laws and higher non-oil revenue
- Completing key infrastructure such as highways and gas pipelines
- Constitutional amendment for federal and state policing
- Human capital in health and education; tackling medical brain drain
- Expanding gas supply and restoring energy infrastructure
Government programmes
2026 federal budgetN68.3 trillion
Deficit N23.85tr (4.28% of GDP); about USD 6bn external borrowing approved in Apr 2026
Abuja-Kaduna highway
Escravos-Lagos Pipeline (ELP) compressor stations
Compressor stations built by a local firm raise pipeline gas capacity (announced 22 Oct 2026)
Dual policing constitutional amendment
State assembly approvals met the threshold, clearing the way for state police (23 Oct 2026)
BRIDGE digital infrastructure project
World Bank-financed digital infrastructure and university-led digital economy research clusters
Distribution Sector Recovery Program (DISREP)
World Bank-financed support for DisCo feeder upgrade projects
Business opportunities
AI automation and analytics for tax filing and collection
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Digital governance and AI training for civil servants
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Open this week
SME/start-up growth support and Korea market linkage consulting
Strengthening the MSME ecosystem is central to donor programmes and local demand is strong.
MSMEs, tech start-ups, state enterprise agencies
Case management and CCTV monitoring software for state police
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Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
Korean support schemes
- KOICA programmes in Nigeria (digital, education, youth) · KOICA — Runs Smart School Phase II in 21 states, digital governance, a start-up digital innovation academy and green jobs for youth.
- KOICA civil-servant fellowships (CIAT) · KOICA — About 2,000 Nigerian officials have taken part in training in Korea.
Official notices
State House Nigeria (Presidency)
- 2026-10-24 Opened 81km of the Abuja-Kaduna highway and launched the 2027 campaign
- 2026-10-23 Welcomed state assemblies' approval of the dual policing amendment
- 2026-10-22 Urged West African medical experts to address physician brain drain
- 2026-10-21 Presidential Ebola task force says spread can be contained
Disaster · conflict · epidemic
High 2026-11-07
Floods: 245 dead, about 215,000 displaced across 28 states (as of 10/20) · Multiple large wildfires in the north, up to about 18,000 ha (GDACS, 2–6 Nov)
Militant attack on villages in Kebbi State killed a police officer and 11 civilians (10/28) · Gunmen attacks in the northeast killed at least 62 (late Oct)
One imported Ebola case (10/20), patient evacuated to Switzerland (10/26); contacts monitored · Diphtheria: over 12,000 confirmed cases and 596 deaths (2026 cumulative) · Cholera concern in flood-hit areas
