President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion and setting the stage for expanded investments in infrastructure, security and economic growth.
The newly enacted budget allocates ₦4.799 trillion for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent expenditure, and a substantial ₦32.2 trillion to the Development Fund for capital projects. With capital expenditure accounting for about half of the total budget, the plan reflects a strong emphasis on productivity, infrastructure development and inclusive growth.
In addition, the President approved an amendment extending the implementation period of the capital component of the 2025 budget from 31 March 2026 to 30 June 2026. The extension is designed to ensure the full utilisation of funds, particularly for critical infrastructure projects already at advanced stages.
The move is expected to allow Ministries, Departments and Agencies (MDAs) to consolidate ongoing projects, improve completion rates and maximise value for public spending.
With the 2026 budget taking effect from 1 April, the Federal Government is set to begin full implementation in line with the administration’s Renewed Hope Agenda. Tinubu has directed MDAs to ensure disciplined, transparent and efficient use of resources, with a focus on timely delivery and value for money.
The President also commended the National Assembly for its swift consideration and passage of the budget, highlighting the importance of continued cooperation between the executive and legislative arms in driving national development.
Reaffirming his administration’s priorities, Tinubu pledged to deepen fiscal reforms, boost revenue generation and channel investments into sectors that will stimulate economic growth, create jobs and strengthen social protection for Nigerians.
