President Bola Ahmed Tinubu has officially signed the 2026 Appropriation Bill into law, approving a total budget of ₦68.32 trillion to drive economic stability, infrastructure development, and national growth.
Alongside the new budget, the president also approved an amendment extending the implementation of the 2025 budget from March 31 to June 30, 2026, to allow ongoing projects to be completed.
A breakdown of the 2026 budget shows that ₦4.799 trillion is allocated for statutory transfers, while ₦15.8 trillion is earmarked for debt servicing. Recurrent expenditure will take ₦15.4 trillion, and a significant ₦32.2 trillion has been set aside for capital projects under the development fund.
According to government officials, the spending plan is structured to balance statutory obligations, debt commitments, and strategic investments that will improve productivity and living standards across the country.
The extension of the 2025 budget is expected to give Ministries, Departments, and Agencies more time to fully utilise allocated funds, particularly for infrastructure projects that are close to completion.
The 2026 budget took effect from April 1, with full implementation aligned with the administration’s broader economic and policy agenda.
Bola Ahmed Tinubu also directed all government agencies to ensure transparency, efficiency, and value for money in the execution of the budget, stressing the importance of timely project delivery.
He further commended the National Assembly for its swift passage of the bill and reaffirmed the need for continued collaboration between the executive and legislative arms of government.
The president reiterated his administration’s commitment to fiscal reforms, improved revenue generation, and investments that will support economic growth, job creation, and social protection for Nigerians.
