The National Assembly has intensified oversight of public finances as debate grows over funding for the 2027 general elections and broader fiscal management. Lawmakers say the move is aimed at ensuring transparency, curbing waste and strengthening accountability in government spending.
Recent committee hearings have scrutinised budget proposals from key ministries, departments and agencies, with particular focus on election related allocations and supplementary spending requests. Legislators expressed concern over rising deficits and the pressure on national revenue.
The debate comes as Nigeria grapples with high debt servicing costs and competing development priorities. Analysts warn that unchecked fiscal expansion in an election cycle could widen the deficit and fuel inflationary pressures.
Members of the Public Accounts Committees in both chambers have vowed to demand detailed justifications for all proposed expenditures. They argue that every naira must demonstrate value for money, especially in light of economic headwinds affecting citizens.
The discussion also extends to campaign financing and the role of political parties. Some lawmakers advocate stricter monitoring of funding sources to prevent abuse of public resources. Others call for reforms that enhance transparency in party finances.
Civil society groups have welcomed the Assembly stance but insist that oversight must translate into concrete enforcement, not symbolic hearings. They point to past instances where audit queries did not result in meaningful sanctions.
Fiscal experts note that election years historically increase spending on logistics, security and voter education. However, they caution that such expenditures must align with medium term fiscal frameworks to avoid destabilising the economy.
The Assembly leadership has pledged collaboration with the executive arm to ensure responsible budgeting. Lawmakers stress that credible elections and prudent fiscal management are mutually reinforcing pillars of democratic governance.
As preparations for 2027 gather pace, the spotlight remains on how Nigeria balances democratic obligations with economic sustainability.
