Senate Probes FG Digital Revenue Strategy 2026–2028

ABUJA, Nigeria – The Senate seeks firm assurances as the Federal Government unveils a technology-driven revenue strategy for the 2026–2028 fiscal period, focusing on automation and digital payments.

At a session with the Senate Committee on Finance on Monday, Finance Minister Wale Edun says funding for the 2024 capital budget is fully secured, with about 30 per cent of 2025 capital expenditure already covered. “Funding is available for the 2024 capital component,” Edun tells lawmakers, adding that early provisions are in place to support continuity.

The discussion centres on the Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP), which outlines spending and revenue assumptions for the next three years.

Edun reveals that all federal government payments will migrate to digital platforms from 2026, following circulars issued to ministries, departments and agencies. “All payments will be processed digitally to improve efficiency, transparency and revenue collection,” he says.

Senators question revenue forecasts and non-oil income strategies amid global economic uncertainty, noting that the framework will guide legislative scrutiny ahead of the 2026 budget cycle.

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Juliet Jacob

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Juliet Jacob Ochenje is a reporter and senior staff with over three years’ experience managing social media for African Health Report. Passionate about public health advocacy, she creates engaging, accurate content on disease prevention, healthcare access, and medical advances, using her journalism expertise to inform, educate, and drive positive change.

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