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President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill with a total expenditure of ₦68.32 trillion, while also approving an extension of the implementation period for the 2025 budget’s capital component to June 30, 2026.
The newly assented budget, which takes effect from April 1, outlines a fiscal framework that prioritises economic stability, infrastructure development, national security, and inclusive growth. According to details released by the State House, the appropriation provides ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing obligations.
In addition, ₦15.4 trillion has been allocated for recurrent expenditure, while a significant ₦32.2 trillion—representing roughly half of the total budget—is dedicated to capital expenditure through the Development Fund. The heavy capital allocation signals the administration’s intention to accelerate infrastructure delivery and stimulate productivity across key sectors of the economy.
The President also signed the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, effectively extending the lifespan of the 2025 budget’s capital projects from March 31 to June 30, 2026. The extension is designed to allow Ministries, Departments, and Agencies (MDAs) to complete ongoing projects that are already at advanced stages, thereby ensuring optimal utilisation of public funds and improving project delivery outcomes.
Officials indicated that the measure would enable MDAs to consolidate ongoing works, enhance completion rates, and maximise value for money, particularly in critical infrastructure and development initiatives nationwide.
With the 2026 fiscal plan now in force, the Federal Government is set to commence full implementation aligned with the administration’s Renewed Hope Agenda. President Tinubu has directed all MDAs to adhere strictly to principles of fiscal discipline, transparency, and efficiency in the use of allocated resources, with a clear emphasis on timely execution and accountability.
He also commended the National Assembly for what he described as its diligence and cooperation in the swift consideration and passage of the budget, reaffirming the importance of sustained collaboration between the executive and legislative arms in driving national development objectives.
The President further assured Nigerians of his administration’s commitment to deepening fiscal reforms, boosting revenue generation, and prioritising investments that will drive economic expansion, create employment opportunities, and strengthen social protection systems.
The development marks a significant step in Nigeria’s fiscal planning cycle, as the government seeks to balance rising expenditure demands with long-term economic growth and stability.
