ABACHA, Sani2026-08-312026-08-311996https://nigeriareposit.nln.gov.ng/handle/20.500.14186/2923This official publication presents the full transcript of the 1996 fiscal policy speech, titled the "Budget of Consolidation," presented by Nigerian Head of State General Sani Abacha on February 17, 1996. Delivered against the backdrop of ongoing political transition initiatives and macroeconomic adjustments, the address reviews national economic outcomes from 1995 while outlining strategic development targets for the 1996 fiscal year and the 1996–1998 National Rolling Plan. The text details government policy measures intended to achieve fiscal discipline, curb persistent inflationary pressures, stabilize foreign exchange through guided deregulation, and resolve financial sector distress via legislative enforcement.• 1996 Budget Address by General Sani Abacha • Review of 1995 Budget • 1996-98 National Rolling Plan • The Petroleum Trust Fund • The Goal and Policy Thrust of the 1996 Budget • Revenue Projection • Expenditure Estimate • States and Local Government Revenue • Fiscal Policy • Personal Income Tax • Companies Tax • Value Added Tax (VAT) • Review of Customs and Excise Tariff • Imposition of Taxes and Levies on Companies by State Governments • Export Policy • Monetary and Credit Policy • Exchange Rate Policy • Interest Rate Policy • Sectorial Allocation of Credit • Resolving Financial Sector Distress • Capital Market • Pension Fund • External Debt Profile • Leasing • Privatization and Commercialization • The Oil Industry • Streamlining Operations at the Nigerian Ports • Pre-shipment Inspection • Public Sector Reform • The Organized Private Sector • Youth Development • Women in National Development • Aspiring Politicians • Foreign Policy • The Dawn of a New EraenBook