- Tinubu Signs ₦68.32tn 2026 Budget Into Law
- Capital expenditure takes about half, targeting infrastructure and growth.
- President extended 2025 budget implementation to June 30, 2026.
President Bola Ahmed Tinubu has signed the ₦68.32 trillion 2026 Appropriation Bill into law, setting the stage for the Federal Government’s spending plan for the fiscal year.
The development was disclosed on Friday in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
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EKO HOT BLOG reports that the approved budget provides for an aggregate expenditure of ₦68.32 trillion, with key allocations covering statutory transfers, debt servicing, recurrent spending, and capital projects.
A breakdown of the budget shows that ₦4.799 trillion is earmarked for statutory transfers, while ₦15.8 trillion is allocated for debt servicing. Recurrent expenditure is put at ₦15.4 trillion, while ₦32.2 trillion has been designated for capital expenditure through the Development Fund.
With capital spending accounting for about half of the total budget, the appropriation reflects the administration’s focus on infrastructure development, economic stability, national security, and inclusive growth.
The allocation structure also highlights efforts to balance statutory obligations with investments aimed at improving productivity and the overall quality of life for Nigerians.
In addition to signing the 2026 budget, the President also assented to the Appropriation Amendment Bill, which extends the implementation period of the capital component of the 2025 budget from March 31, 2026, to June 30, 2026.
The extension is expected to ensure the full utilisation of funds allocated to ongoing projects, particularly those at advanced stages of completion across the country.
It will also allow Ministries, Departments, and Agencies to consolidate ongoing works, improve project delivery timelines, and maximise the impact of public spending.
With the new budget taking effect from April 1, the Federal Government is set to begin full implementation in line with its Renewed Hope Agenda.
President Tinubu directed all Ministries, Departments, and Agencies to ensure disciplined, transparent, and efficient use of public funds, with emphasis on value for money and timely execution of projects.
He commended the National Assembly for its cooperation and swift passage of the budget, noting the importance of collaboration between the executive and legislative arms in driving national development.
The President also reaffirmed his administration’s commitment to fiscal reforms, improved revenue generation, job creation, and strengthened social protection for Nigerians.
