President Bola Ahmed Tinubu assents to ₦68.32trn 2026 budget

President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, authorising an aggregate expenditure of ₦68.32 trillion. The president also signed a bill extending the implementation window for the capital component of the 2025 budget from 31 March 2026 to 30 June 2026.

The ₦68.32 trillion fiscal plan earmarks ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing. The appropriation allocates ₦15.4 trillion to recurrent expenditure and ₦32.2 trillion to the Development Fund for Capital Expenditure.

Strategic focus on capital investment and stability

With capital expenditure accounting for approximately 50 per cent of the total spend, the 2026 budget underscores the administration’s commitment to economic stability, national security, and infrastructure development. The allocations reflect a strategic balance between statutory obligations and investments critical to driving productivity and improving the quality of life for Nigerians.

The President additionally assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026. This legislation ensures the effective utilisation of funds for critical infrastructure projects currently at advanced stages across the country.

Enhancing project completion and fiscal discipline

The extension allows ministries, departments, and agencies (MDAs) to consolidate ongoing works and maximise value for public expenditure. With the 2026 Appropriation Act coming into force on 1 April, the federal government will commence full implementation in line with the Renewed Hope Agenda.

President Tinubu directed MDAs to ensure disciplined and transparent utilisation of resources, emphasizing value for money and timely project delivery. He commended the leadership and members of the National Assembly for their diligence in the expeditious passage of the budget.

Strengthening executive and legislative collaboration

The president reaffirmed the importance of sustained collaboration between the executive and legislative arms of government to advance national development. He further assured Nigerians of the administration’s resolve to deepen fiscal reforms and enhance revenue generation.

The government intends to prioritise investments that stimulate growth, create jobs, and strengthen social protection mechanisms. These measures are designed to ensure inclusive growth and long-term economic resilience