Tinubu signs ₦68.32 Trillion 2026 Budget, extends 2025 budget implementation

President Bola Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion for the fiscal year.

The President also assented to an amendment bill extending the implementation period of the 2025 budget from March 31, 2026, to June 30, 2026.

Breakdown of the 2026 Budget

The approved budget provides for:

₦4.799 trillion for statutory transfers

₦15.8 trillion for debt servicing

₦15.4 trillion for recurrent expenditure

₦32.2 trillion for capital expenditure through the Development Fund

With capital spending making up about 50 per cent of the budget, the plan reflects the administration’s focus on infrastructure, national security, economic growth and improved living standards.

Why the 2025 Budget Was Extended

According to the government, the extension of the capital component of the 2025 Appropriation Act will allow the full utilisation of already approved funds, especially for key infrastructure and development projects nearing completion across the country.

The extension is also expected to help Ministries, Departments and Agencies (MDAs) complete ongoing projects, improve delivery timelines and ensure better value for public spending.

Implementation Begins

With the 2026 Appropriation Act taking effect from April 1, the Federal Government is expected to begin full implementation in line with the Renewed Hope Agenda.

President Tinubu directed all MDAs to ensure prudent, transparent and efficient use of public funds, with emphasis on timely project execution and accountability.

Tinubu Commends National Assembly

The President praised the leadership and members of the National Assembly of Nigeria for the speedy passage of the budget and reaffirmed the need for continued cooperation between the executive and legislative arms of government.

He also assured Nigerians that his administration would continue fiscal reforms, improve revenue generation, create jobs and strengthen social protection programmes.