Federal Executive Council Approves ₦49.7 Trillion 2027 'Budget of Accelerated Industrial Consolidation': Capital Expenditure Anchored at 56% as Non-Oil Revenue Target Hits ₦31.4 Trillion

President Bola Tinubu presides over a landmark Federal Executive Council session in Abuja approving the 2027–2029 Medium-Term Expenditure Framework (MTEF), allocating ₦27.8 trillion to infrastructure, power, and defence while projecting a fiscal deficit contraction to 3.1% of GDP.