Breaking: Tinubu Signs ₦68.32 Trillion 2026 Budget, Extends 2025 Spending Deadline
President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion, while also extending the implementation period of the 2025 budget to June 30, 2026.
The Special Adviser to the President, Information and Strategy, Bayo Onanuga disclosed this in a statement on Friday.
The newly signed budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing. Recurrent expenditure is set at ₦15.4 trillion, while ₦32.2 trillion—about half of the total budget—has been dedicated to capital expenditure through the Development Fund.
According to the Presidency, the budget reflects a strategic focus on economic stability, national security, infrastructure development, and inclusive growth. The significant allocation to capital projects underscores the administration’s intention to boost productivity and improve living standards across the country.
In addition, President Tinubu approved an amendment bill extending the capital component of the 2025 budget from March 31 to June 30, 2026. The extension is expected to allow Ministries, Departments, and Agencies (MDAs) to complete ongoing infrastructure and development projects, ensuring better utilisation of public funds.
The 2026 Appropriation Act took effect from April 1, with the Federal Government set to begin full implementation under the administration’s Renewed Hope Agenda. The President has directed MDAs to ensure transparency, efficiency, and value for money in executing the budget, with emphasis on timely project delivery.
He also commended the National Assembly for the swift passage of the budget and reaffirmed the importance of collaboration between the executive and legislative arms of government in achieving national development goals.
The administration further pledged to deepen fiscal reforms, improve revenue generation, and prioritise investments aimed at economic growth, job creation, and stronger social protection systems.
