Tinubu Signs N68.32 Trillion 2026 Budget, Extends 2025 Budget

President Bola Ahmed Tinubu has officially signed the 2026 Appropriation Bill, which amounts to N68.32 trillion. The bill includes a statutory transfer of N4.799 trillion and allocates N15.8 trillion for debt servicing.

Additionally, the budget earmarks N15.4 trillion for recurrent expenditure and N32.2 trillion for capital expenditure. The implementation period for the 2025 budget has been extended to June 30, 2026, to ensure the effective utilization of appropriated funds, particularly for critical infrastructure development projects that are at advanced stages.

The 2026 Appropriation Act will take effect on April 1, 2026, with the federal government commencing full implementation aligned with President Tinubu's "Renewed Hope" agenda. The President has directed ministries, departments, and agencies to ensure disciplined, transparent, and efficient use of allocated resources, emphasizing value for money and timely project delivery.

This move reaffirms the administration's commitment to fiscal reform and economic growth.