Nigerian Senate Passes 2026 Budget of 58.47 Trillion Naira for Economic Growth

The Nigerian Senate has approved the 2026 budget for a second reading, amounting to 58.47 trillion naira. Senator Opeyemi Bamidele led the debate during the plenary session in Abuja, following President Bola Tinubu's presentation of the budget estimates.

The budget aims to consolidate revenue and fund federal services for the fiscal year ending December 31, 2026, emphasizing economic management and national development through public expenditure. It highlights ongoing economic reforms to stabilize and strengthen public finances, focusing on accelerating growth and key economic indicators.