BREAKING: Tinubu Signs ₦68.32 Trillion 2026 Budget, Extends 2025 Implementation
President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion, in what the Presidency describes as a bold fiscal roadmap aimed at stabilizing the economy and accelerating national development.
The President also assented to an amendment extending the implementation period of the 2025 budget from March 31, 2026, to June 30, 2026, to allow for the completion of ongoing capital projects across the country.
Budget Breakdown
According to details released by the Presidency, the 2026 budget allocates:
- ₦4.799 trillion for statutory transfers
- ₦15.8 trillion for debt servicing
- ₦15.4 trillion for recurrent (non-debt) expenditure
- ₦32.2 trillion for capital expenditure through the Development Fund
Capital spending accounts for roughly 50 percent of the total budget, signaling a strong emphasis on infrastructure development and long-term economic growth.
Focus on Growth and Stability
The administration says the budget reflects a strategic balance between meeting statutory obligations, servicing debt, funding government operations, and investing in key sectors critical to productivity and improved living standards.
The extension of the 2025 budget’s capital component is expected to ensure full utilisation of funds already committed to major infrastructure and development projects. Ministries, Departments, and Agencies (MDAs) are expected to use the additional time to consolidate ongoing work and improve project delivery outcomes.
Implementation and Oversight
With the new budget taking effect from April 1, 2026, the Federal Government is set to commence full implementation in line with the administration’s Renewed Hope Agenda.
President Tinubu directed all MDAs to ensure transparency, discipline, and efficiency in the use of public funds, emphasizing value for money and timely execution of projects.
Executive–Legislative Synergy
The President commended the National Assembly for its swift consideration and passage of the budget, highlighting the importance of continued collaboration between both arms of government in advancing national development.
He reaffirmed his administration’s commitment to fiscal reforms, improved revenue generation, job creation, and strengthened social protection systems.
