Tinubu Signs ₦68.32 Trillion 2026 Budget, Extends 2025 Spending Deadline

Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, approving a total budget of ₦68.32 trillion, while also extending the implementation period of the 2025 budget to June 30, 2026.

The newly signed budget outlines key allocations, including ₦4.799 trillion for statutory transfers and ₦15.8 trillion dedicated to debt servicing. Recurrent expenditure is set at ₦15.4 trillion, while a significant ₦32.2 trillion has been earmarked for capital projects under the Development Fund.

With capital expenditure accounting for nearly 50 percent of the total budget, the 2026 fiscal plan highlights the administration’s focus on infrastructure development, economic stability, national security, and inclusive growth.

According to the Presidency, the budget reflects a strategic balance between meeting statutory obligations, servicing debt, and investing in projects critical to boosting productivity and improving citizens’ living standards.

In addition, the President approved the Appropriation Amendment Bill, which extends the lifespan of the capital component of the 2025 budget from March 31 to June 30, 2026. The move is aimed at ensuring the completion of ongoing infrastructure and development projects across the country.

The extension is expected to give Ministries, Departments, and Agencies (MDAs) more time to finalise projects already at advanced stages, improve completion rates, and ensure optimal utilisation of public funds.

With the 2026 budget taking effect from April 1, the Federal Government is set to begin full implementation in line with its Renewed Hope Agenda.

President Tinubu has directed all MDAs to ensure transparency, discipline, and efficiency in the use of public resources, stressing the importance of delivering value for money and completing projects on schedule.

He also commended the National Assembly for its swift consideration and passage of the budget, noting that continued collaboration between the executive and legislative arms remains vital for national development.

The President further assured Nigerians of his administration’s commitment to strengthening fiscal reforms, improving revenue generation, creating jobs, and expanding social protection programmes.