National Assembly to Approve ₦58.47 Trillion 2026 Budget

The National Assembly is preparing to pass the ₦58.47 trillion 2026 budget, with expectations that the appropriations bill will be approved within the week. Lawmakers are reconvening after a short legislative break, and sources within the legislature indicate that the budget will be reported during plenary sessions.

The budget is intended to extend the implementation of the 2024 and 2025 appropriations acts, particularly for capital projects. The report is anticipated to be considered in either the Senate or House of Representatives during the plenary on Monday or Tuesday.

Lawmakers aim to complete the budget process before the Easter break, as indicated by the urgency expressed by the National Assembly. Senate President Godswill Akpabio has directed the Senate Committee on Appropriations to expedite the budget work, emphasizing the need for readiness upon the resumption of sessions.

Despite previous delays, there is a strong determination among lawmakers to finalize the budget swiftly.