President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, which provides for a total expenditure of 68.32 trillion naira.
The President also approved an extension of the 2025 budget implementation period from March 31, 2026, to June 30, 2026.
This was disclosed in a statement issued on Friday by his Senior Special Assistant on Information and Strategy, Bayo Onanuga.
According to the statement, the 2026 budget allocates 4.799 trillion naira for statutory transfers and 15.8 trillion naira for debt servicing.
It also provides 15.4 trillion naira for recurrent expenditure and 32.2 trillion naira for capital expenditure through the Development Fund.
With capital spending accounting for about 50 percent of the budget, the plan reflects the administration’s focus on economic stability, national security, infrastructure development and inclusive growth.
The allocations are designed to balance statutory obligations, debt servicing, recurrent costs and investments aimed at boosting productivity and improving living standards.
In addition, Tinubu signed the Appropriation Amendment Bill 2026, extending the implementation period of the capital component of the 2025 budget to June 30, 2026.
The extension is expected to allow full utilisation of allocated funds, particularly for critical infrastructure and development projects nearing completion.
It will also enable Ministries, Departments and Agencies to consolidate ongoing projects, improve completion rates and ensure better value for public spending.
With the 2026 budget taking effect from April 1, the Federal Government is set to commence full implementation in line with its Renewed Hope Agenda.
The President directed Ministries, Departments and Agencies to ensure disciplined, transparent and efficient use of resources, with emphasis on value for money and timely delivery of projects.
He also commended the National Assembly for its cooperation and swift passage of the budget, reaffirming the importance of collaboration between the executive and legislative arms in driving national development.
Tinubu further assured Nigerians of his administration’s commitment to strengthening fiscal reforms, boosting revenue generation and prioritising investments that will support economic growth, job creation and social protection.
