President Bola Ahmed Tinubu has signed the ₦68.32 trillion 2026 Appropriation Bill into law.
The announcement was made on Friday in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga.
The 2026 budget provides for a total expenditure of ₦68.32 trillion. The President also signed a bill extending the implementation of the 2025 budget from March 31, 2026, to June 30, 2026.
Out of the total budget, ₦4.799 trillion is for statutory transfers, while ₦15.8 trillion is for debt servicing.
The budget also includes ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure under the Development Fund.
With about 50 percent allocated to capital projects, the budget shows the government’s focus on economic stability, national security, infrastructure, and inclusive growth.
The allocations aim to balance statutory obligations, debt payments, regular government spending, and investments needed to improve productivity and the living standard of Nigerians.
The President also approved the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital spending of the 2025 budget to June 30, 2026.
The extension is expected to allow full use of allocated funds, especially for ongoing infrastructure and development projects across the country.
It will also help Ministries, Departments, and Agencies complete projects, improve delivery, and ensure better use of public funds.
With the 2026 budget taking effect from April 1, the Federal Government will begin full implementation in line with its Renewed Hope Agenda.
Tinubu directed all Ministries, Departments, and Agencies to use the funds carefully, transparently, and efficiently, with focus on value for money and timely completion of projects.
He also praised the National Assembly of Nigeria for their cooperation and quick passage of the budget.
The President stressed the need for continued cooperation between the executive and legislative arms of government to achieve national development goals.
He assured Nigerians that his administration will continue to carry out fiscal reforms, increase revenue, and invest in areas that will boost economic growth, create jobs, and strengthen social support systems.
