President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service. It further sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure through the Development Fund.
The presidency made the disclosure in a statement signed by Special Adviser on Information and Strategy, Bayo Onanuga.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth,” the statement read.
The 2026 Appropriation Act took effect on April 1, with the Federal Government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
The extension of the 2025 budget capital component by three months will ensure full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
President Tinubu directed Ministries, Departments, and Agencies to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
Key sectoral allocations include ₦5.41 trillion for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
The budget, titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was originally presented to the National Assembly on December 19, 2025, at a proposed sum of ₦58.47 trillion before legislative scrutiny increased it to ₦68.32 trillion.
